Whirlpool India profit falls 40% despite sales growth

Whirlpool of India Limited (NSE: WHIRLPOOL) reported a challenging Q2 FY27 performance, with consolidated revenue from operations increasing 13.7% YoY to ₹1,873 crore. However, net profit declined 40% to ₹25.08 crore, compared with ₹41.80 crore in the corresponding quarter last year. Key Highlights • Revenue increased 13.7% YoY to ₹1,873 crore. • Net profit declined 40% to ₹25.08 crore. • EBITDA fell 31% to approximately ₹40 crore. • EBITDA margin contracted to 2.13% from 3.5% a year earlier. • Total expenses increased approximately 15% to ₹1,897 crore. • Elica India, the company's subsidiary, recorded 12% revenue growth and 22% growth in profit before tax. • The company implemented an additional price increase of approximately 5%, effective November 1, 2026. My View Whirlpool's results highlight the pressure that rising input costs can place on consumer durable companies. Revenue growth of 13.7% is encouraging, supported by industry volume growth, strategic pricing and premiumisation. However, profitability is moving in the opposite direction. EBITDA declined 31%, while margins contracted by approximately 137 basis points. Commodity inflation, higher crude oil prices and currency depreciation have affected operating costs. The company's additional price increases may help protect margins, but their impact on consumer demand and market share needs to be monitored. What I'm Watching Next I will monitor refrigerator and air-conditioner demand, commodity prices, pricing actions and EBITDA margin recovery. The key question is whether Whirlpool can pass on higher input costs without compromising sales volumes. Stance: Cautious. Revenue growth is positive, but declining profitability and significant margin pressure require attention. Disclosure: I do not have any holding or position in the stock mentioned above. WHIRLPOOL