Whirlpool of India (500238) Q3 24/25 earnings summary

Executive summary

• Achieved a business turnaround with 17% revenue growth and 101% PBT growth year-over-year for the nine months ended December 2024, driven by market share gains in refrigerators and washers.

• Board approved unaudited standalone and consolidated financial results for the quarter and nine months ended 31 December 2024, with no material misstatements per statutory auditors.

• Consistent healthy cash generation and negative working capital achieved by Sep 2024.

• Strategic focus on brand building, product innovation, execution excellence, and supply chain resilience.

• Senior management changes announced, with new appointments in Sales and Marketing leadership roles effective 25 March 2025.

Financial highlights

• Standalone revenue for Apr–Dec 2024-25: ₹5,531 Cr, up 17.2% year-over-year; Q3 standalone revenue: ₹1,565 Cr (+12% YoY).

• Standalone EBITDA: ₹306 Cr (5.5% margin), up 59.8% year-over-year; Q3 standalone EBITDA: ₹44.3 Cr (2.8% margin, +51.7% YoY before E-waste impact).

• Standalone PBT: ₹275 Cr (5.0% margin), up 101.2% year-over-year.

• Consolidated revenue for Apr–Dec 2024-25: ₹5,915 Cr, up 16.1% year-over-year; Q3 consolidated revenue: ₹1,705 Cr (+11% YoY).

• Consolidated EBITDA: ₹367 Cr (6.2% margin), up 41.6% year-over-year; Q3 consolidated EBITDA: ₹69.3 Cr (4.1% margin, +35.3% YoY before E-waste impact).

• Standalone net profit for Q3 was INR 2,678 lacs, up from INR 1,468 lacs YoY; consolidated net profit for Q3 was INR 4,453 lacs, up from INR 2,993 lacs YoY.

Outlook and guidance

• Long-term goal remains high single-digit revenue growth and high single-digit EBITDA margins, with a multi-year horizon for margin improvement.

• Continued focus on premiumization, cost productivity, and market share expansion.

• Board and management reaffirmed compliance with Indian Accounting Standards and regulatory requirements.