Whirlpool Q2 FY26 Earnings Results

Whirlpool of India Ltd is one of the leading manufacturers and marketers of major home appliances in the country.

 

Q2 FY26 Earnings Results:

• Consolidated Revenue from Operations: ₹1,647.27 crore, down 3.8% YoY and 32.3% QoQ from ₹2,432.32 crore in Q1 FY26.

• Consolidated Profit After Tax (PAT): ₹42 crore, down 22% YoY and 71.6% QoQ from ₹145.73 crore in Q1 FY26.

• Operating Profit before Depreciation, Interest, Tax and Other Income (PBDIT excl OI): ₹57.82 crore, down from ₹211.13 crore in the previous quarter.

• Operating Margin (excluding other income): compressed sharply to 3.5% from 8.7% in Q1 FY26.

• Profit Before Tax (PBT): ₹57.50 crore, down from ₹196.44 crore QoQ.

• Other Income: ₹49.83 crore, which formed 86.6% of the operating profit before other income.

• Employee Costs: increased moderately; Depreciation and Interest Costs also rose.

• The quarter saw the lowest revenue and margin performance in the recent seven quarters due to seasonal weakness and challenging market conditions.

 

Management Commentary & Strategic Insights:

• Management acknowledged the severe margin compression, primarily driven by sharp reduction in operating profits.

• Cited seasonal weakness, macroeconomic challenges, and competitive pressures in the home appliances market.

• Emphasized efforts on cost control, supply chain optimization, and strategic pricing to address headwinds.

• Outlook remains cautious with focus on operational efficiencies and inventory normalization in upcoming quarters.

 

 

Q1 FY26 Earnings Results:

• Consolidated Revenue: ₹2,432 crore, down 2.6% YoY.

• PAT: ₹145.73 crore, up 1.3% YoY.

• Moderate margin expansion driven by cost control and market share gains in key appliances categories.

• Continued volume resilience despite an early and weak monsoon season impacting demand in the quarter.

 

To view the company’s previous earnings and latest concall transcripts, click here  to visit the Alphastreet India news channel.