WHIRLPOOL SHARE OF INDIA SHARES SURGED 20%

Shares of Whirlpool of India Ltd surged 20% to hit the upper circuit, the company’s promoter, Whirlpool Mauritius, is likely to sell its entire remaining stake in the Indian subsidiary. Whirlpool Mauritius held a 39.76% stake in Whirlpool of India as of June, according to the company’s shareholding data. The report said potential buyers include large institutional investors as well as a major multinational consumer durables company. The deal is reportedly in its final stages, with an announcement expected in the coming weeks. Whirlpool Mauritius has been gradually reducing its holding in Whirlpool of India since 2023. It sold a 11.24% stake last year, bringing its ownership down from around 75% to 39.76% over the past three years. The sharp rally comes despite a decline in Whirlpool of India’s profitability. The company reported a 29.57% year-on-year fall in consolidated net profit to ₹102.88 crore in the June quarter of FY27, compared with ₹146.08 crore in the same quarter of the previous fiscal year. On the other hand, revenue from operations increased 12.1% to ₹2,726.75 crore, from ₹2,432.32 crore a year earlier. Total expenses rose 16% to ₹2,656.89 crore, while total income grew 12.43% to ₹2,795.64 crore during the quarter. The reported promoter stake sale, if confirmed, could mark a significant change in the ownership structure of Whirlpool of India.