Whirlpool India Q2 FY26 Results, profits down over 70%

Whirlpool of India has reported weak Q2 FY26 results with profits down over 70% year‑on‑year, but the company remains focused on product innovation and long‑term brand stability through a 30‑year licensing deal with Whirlpool Corporation. Shares closed around ₹768 on 23 Sept 2026, showing early signs of recovery after hitting a 52‑week low. 📊 Whirlpool India Q2 FY26 Financial Snapshot Metric Q2 FY26 QoQ Change YoY Change Total Income ₹1,647 Cr ▼ 32.3% ▼ 3.8% Operating Profit ₹15.9 Cr ▼ 89.9% ▼ 54.7% Profit After Tax (PAT) ₹41.3 Cr ▼ 71.6% ▼ 20.6% Operating Margin 0.97% — — Diluted EPS ₹2.69 ▼ 76.6% ▼ 34.4% ➡️ Source: Mint Q2 2026 results report 💡 Strategic & Corporate Updates Dividend Declared: ₹5 per share final dividend for FY26 approved at the AGM on 9 Sept 2026, with 93.55% shareholder support. Leadership: Anil Berera reappointed as Director; all five resolutions passed with over 99.99% approval. Brand License Agreement: Executed a 30‑year exclusive deal with Whirlpool Corporation, ensuring continued access to global technology and brand rights. Promoter Stake: Reduced from 51% → 39.76% by FY26‑end, increasing free‑float liquidity. R&D Investment: Up 93.9% YoY, focusing on energy‑efficient appliances and smart‑home integration. 📈 Market & Stock Performance NSE Price (23 Sept 2026): ₹768 (+6.5%) BSE Price: ₹776 (+7.6%) 52‑Week Range: ₹706 – ₹1,438 1‑Year Return: –45.7%, reflecting margin pressure and weak consumer demand. Analyst View: ICICI Securities maintains “REDUCE” rating with a target price of ₹730, citing limited near‑term earnings recovery despite strong brand visibility. 🧩 Industry Context White‑Goods Sector: Facing cost inflation, muted summer sales, and intense competition from LG, Samsung, and Voltas. Energy Transition Costs: Higher e‑waste provisions and regulatory compliance continue to weigh on margins.