New Delhi: Home appliance major Whirlpool of India on Friday announced its operating results for the third quarter of FY 2025-26, navigating a mix of regulatory headwinds and strategic milestones. The company’s performance was characterized by revenue resilience in specific categories and a significant long-term branding deal with its parent corporation.
Operational Resilience vs. Regulatory Hits
The quarter’s financial profile was a tale of two profits. On an operational level, Whirlpool showed strong momentum:
Consolidated EBITDA: Grew 31.2% year-on-year to ₹90.9 crore (before the wage code impact).
Segment Performance: Revenue growth was largely supported by gains in the Washer category and expansion in Aircon. However, the refrigerator business remained “muted” due to soft demand and aggressive pricing by competitors.
Market Share: The company improved its share by 70 basis points compared to the previous quarter, maintaining its standing as a top-three player in major home appliances.
However, the bottom line was weighed down by a ₹39 crore one-time provision for wage code adjustments as per new laws, which dragged the reported PBT down to ₹33 crore.
Securing the Future: Multi-Decadal Brand Rights
Managing Director Narasimhan Eswar described Q3 as a “historic period” for the firm. In October 2025, Whirlpool India signed a long-term agreement with Whirlpool Corporation (USA), securing:
Branding: Multi-decadal rights to use the ‘Whirlpool’ brand name.
Technology: Long-term licensing for world-class technology across current and future product categories.
Stability: A three-year transitional services agreement (TSA) to ensure systems stability during its next growth phase.
Efficiency in Focus
Whirlpool’s operational discipline was reflected in its standalone net working capital, which stood at -3.6% of sales. The company’s subsidiary, Elica PB India, also continued to deliver healthy margins, contributing to the overall consolidated performance.
”Despite facing competitive and regulatory headwinds for the industry, we made strong progress in our core strategic areas of driving premiumization, executional excellence, and cost productivity,” said Eswar.
Whirlpool of India operates three manufacturing facilities in Faridabad, Puducherry, and Pune, which remain central to its “Make in India” strategy for major home appliances.