Daijiworld Media Network - Mumbai

Mumbai, Nov 9: Whirlpool of India on Monday reported a 39 per cent year-on-year (YoY) decline in consolidated net profit to Rs 25 crore for the quarter ended September 30, 2026 (Q2 FY27), as rising costs and weak operating performance weighed on profitability despite healthy revenue growth.

The home appliances manufacturer had posted a consolidated net profit of Rs 41 crore in the corresponding quarter of the previous financial year (Q2 FY26), according to its stock exchange filing.

Revenue from operations increased 14 per cent year-on-year to Rs 1,873 crore during the July-September quarter, compared to Rs 1,647 crore in the same period last year.

However, the increase in expenses put pressure on the company's profitability. Total expenses surged to Rs 1,896.66 crore during the quarter, against Rs 1,649.51 crore in the year-ago period, according to the regulatory filing.

At the operating level, earnings before interest, taxes, depreciation and amortisation (EBITDA) declined 31 per cent to Rs 40 crore in Q2 FY27, compared to Rs 58 crore in the corresponding quarter of the previous financial year.

The company's EBITDA margin also contracted to 2.13 per cent from 3.5 per cent a year earlier, reflecting the pressure on operating profitability.

Following the earnings announcement, shares of Whirlpool of India closed at Rs 832.60 on the stock exchanges, down 0.31 per cent or Rs 2.60 from the previous closing price.

The stock has witnessed a mixed performance across different time frames. It declined 0.22 per cent over the past five trading sessions but gained 1.94 per cent over the last one month.

Over a six-month period, the shares have fallen 8.51 per cent, while the year-to-date decline stands at 6.49 per cent.

On an annual basis, the stock has remained under significant pressure, losing 35.22 per cent over the past year and eroding Rs 452.60 from its value.