Whirlpool of India Limited (500238) Earnings Call Transcripts

Whirlpool of India Limited's Latest Earnings Call - Q4 FY2026

In Q4 FY '26, Whirlpool of India Limited reported a revenue of INR 2,181 crore, reflecting a growth of 7.4% year-over-year, driven by strong performance in washing machines and air conditioners. However, the company faced challenges with profitability, reporting a profit before tax of INR 110 crore, down 29% from the previous year, primarily due to regulatory costs associated with energy upgrades and incremental e-waste provisions. Management signaled a cautious outlook for FY '27, indicating continued pressure from regulatory changes and competitive pricing dynamics, while emphasizing their commitment to premiumization and innovation in product offerings.

Reported metrics

Guidance from management

Management indicated that FY '27 will be challenging due to ongoing regulatory changes and competitive pressures, emphasizing a focus on premiumization and innovation in product offerings.

What management said

I'll take the first question, which your question was on basically the CWIP. The CWIP right now pertains to the premium refrigerators we spoke about since we've not started it since it is going to come in the next quarter. So the CapEx is still line in CWIP and it has not got capitalized. I just want to clarify that piece.

What analysts pressed on

Analysts expressed concerns about the impact of regulatory costs on profitability and the competitive landscape affecting market share recovery. There were questions regarding the sustainability of margins in light of rising costs and pricing pressures in the industry.

Main topics on the call

• Revenue Growth — Whirlpool achieved a revenue growth of 7.4% in Q4 FY '26, reaching INR 2,181 crore, which was attributed to strong performance in the washing machine and air conditioning segments. Management noted, "We are happy to see ...
• Profitability Challenges — The company reported a profit before tax of INR 110 crore, a decline of 29% year-over-year, primarily due to regulatory costs related to energy upgrades and e-waste provisions. CFO Aditya Jain stated, "The big reason for...
• Market Share Gains — Whirlpool secured the #2 position in the multi-brand outlets for refrigerators and washing machines in March 2026, indicating a recovery in market share. Eswar mentioned, "In March 2026, in refrigerators and washing mach...
• Regulatory Impact — Management highlighted the significant impact of new energy regulations on the refrigerator segment, which led to a phase-in, phase-out process affecting market share. Eswar noted, "The entire refrigerators portfolio was...

Read the full Whirlpool of India Limited transcript (Q4 FY2026) → Summary generated from the call transcript; every figure above is stated by management on the record.

Earnings Call History

EarningsCalls.dev has 6 Whirlpool of India Limited earnings call transcripts on record, spanning February 2, 2024 to August 6, 2026. Based on this history, Whirlpool of India Limited reports semi-annually. The most recent call on file is dated August 6, 2026. The full list is below — each row opens the complete, free-to-read transcript.

Ticker

500238

Exchange

BSE

Country

IN

Sector

Consumer Discretionary

Industry

Household Durables

Calls on record

6

First call

February 2, 2024

Most recent

August 6, 2026

Reporting cadence

semi-annually