Whirlpool of India Ltd: Strong Revenue Growth and Market Share Recovery in Q3 2025

Whirlpool of India Ltd (BOM:500238) reported a robust set of financial results for the third quarter of FY25, with strong revenue growth and a significant increase in net profit. The home appliance manufacturer's revenue surged by 11% to ₹1,704.9 crore, compared to ₹1,535.7 crore in the corresponding period last year. This growth was driven by a combination of factors, including robust demand during the festive period, market share recovery, and a competitive pricing strategy.

The company's net profit surged by 57.1% to ₹44 crore, compared to ₹28 crore in the same quarter last year. However, operating performance saw moderate growth, with EBITDA rising by 10.4% to ₹69.3 crore, up from ₹62.8 crore in Q3 FY24. Despite the strong revenue growth, margins remained unchanged at 4.1% on a year-on-year basis.

Whirlpool of India's strong performance in Q3 2025 can be attributed to several factors:

1. Robust demand during the festive period: The company benefited from increased consumer demand during the festive season, which included Diwali and Christmas. This seasonal boost contributed to the 11% increase in revenue.
2. Market share recovery: Whirlpool of India has been gaining market share from competitors like LG Electronics and Samsung Electronics. This strategic shift has helped the company increase its sales and revenue.
3. Lower average prices and longer warranties: Whirlpool of India's products are currently priced lower than those of its competitors, despite offering longer warranties and a better selection of premium appliances. This pricing strategy has likely attracted more price-sensitive consumers, contributing to the revenue growth.

Despite the strong performance, Whirlpool of India's shares closed 2.73% lower at ₹1,149.75 on the BSE on Wednesday, ahead of the earnings announcement. However, analysts maintain a positive outlook on the company, with seven out of 13 analysts tracking the stock maintaining a 'buy' rating, five recommending 'hold', and one suggesting 'ell'. The average of 12-month analysts' price target implies a potential upside of 77.6%.

In conclusion, Whirlpool of India Ltd reported a strong set of financial results for the third quarter of FY25, with robust revenue growth and a significant increase in net profit. The company's performance was driven by a combination of factors, including robust demand during the festive period, market share recovery, and a competitive pricing strategy. Despite the strong performance, the company's shares closed lower ahead of the earnings announcement. However, analysts maintain a positive outlook on the company, with a potential upside of 77.6% based on the average of 12-month analysts' price targets.