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Whirlpool India

Q3 FY26Consumer Durables

Whirlpool India Q3 FY26 earnings call: Revenue & Margins

Q3 FY26 earnings call: what management said on revenue, margins and capex.

Price₹767
Market cap₹9.8K Cr
P/E35.8
Updated26 Aug 2026
Read4 min read

The short version

Company expects strong growth opportunities in the next five years, aiming for high single-digit to early double-digit CAGR in revenue, assuming market growth slightly ahead of GDP. Elica business expected to grow strongly, aiming for double-digit revenue growth even at slightly lower PBT margins.

From Whirlpool India's Q3 FY26 earnings-call transcript · updated 26 Aug 2026.

Revenue & Sales Performance

  • Company expects strong growth opportunities in the next five years, aiming for high single-digit to early double-digit CAGR in revenue, assuming market growth slightly ahead of GDP.
  • Focus on growing core categories such as direct-cool (DC) refrigerators and semi-automatic (SA) washing machines by decommoditizing the products and offering differentiated, premium offerings.
  • Modest market share growth targeted in DC refrigerators (around 20-30 basis points annually) due to already high shares.
  • Semi-automatic segment aims to grow by moving towards premium segments with differentiated products.
  • Growth in newer categories like air conditioners and Elica business is expected, with Elica targeting double-digit revenue growth in coming years despite potential margin trade-offs.

2 more points from Whirlpool India's call on revenue

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Profitability & Margins

See what Whirlpool India said on profitability & margins — free account, 30 seconds.

Capital Expenditure Plans

  • No clear immediate large CAPEX or strategic investments currently prioritized; the company is working through options with the board.
  • Focus remains on ROI-based investments which have contributed positively to recent financial performance.
  • Elica acquisition may require some investment to scale revenue growth from mid-single digits to strong double digits, potentially at slightly lower margins.
  • The company is prioritizing financial sensibility in investments while remaining open to selective "naughty" or opportunistic moves.

2 more points from Whirlpool India's call on capex

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Top-ranked in Consumer Durables

Ranked on what management guided this quarter

Guidance-ranked
1Nanta Tech
Rev 1Mar 1
Rev 1Mar 1
3
Rev 1Mar 2
4
Rev 1Mar 2
5
Rev 1Mar 3
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Rank buckets describe management commentary on revenue and margin. Not investment advice, and not a forecast of returns.

Fundraising & Capital Structure

See what Whirlpool India said on fundraising & capital structure — free account, 30 seconds.

Order Book & Pipeline

From the detailed discussion, the following can be inferred: - The company is experiencing a competitive and weak industry environment, particularly in refrigerators and air conditioners. - Market shares have been sustained or slightly grown in some categories, but certain categories like direct cool refrigerators face challenges. - There is a focus on new product introductions and premiumization, which may influence future order intake. - The company is navigating regulatory changes and transition costs in FY 26-27.

2 more points from Whirlpool India's call on order book

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Whirlpool India — Quarterly revenue & net profit

Revenue Net profit
Dec 2024Q3 FY25
Mar 2025Q4 FY25
Jun 2025Q1 FY26
Sep 2025Q2 FY26
Dec 2025Q3 FY26
Mar 2026Q4 FY26

Reported quarterly figures (₹ Cr). Latest (Q4 FY26): revenue ₹2.2K Cr, net profit ₹80 Cr. Revenue and profit are scaled separately — hover a quarter for exact figures.

Full financials →

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    Q3 FY26 revenue from operations: INR 131.18 crore, up 56% YoY from INR 84.05 crore in Q3 FY25. Key investor presentation takeaways from Nitco Ltd's Q3 FY26 inve

  • La Opala RG Ltd (Q3 FY26)

    Year-on-Year (Y-o-Y) change in revenue: -7.44% . Key investor presentation takeaways from La Opala RG Ltd's Q3 FY26 investor presentation — and how it ranks aga

  • Global Surfaces Ltd (Q3 FY26)

    Q3-FY26 revenue from operations: INR 593 Mn (28.6% YoY increase from INR 461 Mn in Q3-FY25) [Page 22] . Key investor presentation takeaways from Global Surfaces

  • PC Jeweller Ltd (Q3 FY26)

    875 crores, up 37% YoY from Rs. Key investor presentation takeaways from PC Jeweller Ltd's Q3 FY26 investor presentation — and how it ranks against sector peers

🔎 Who's planning the most growth?

Companies ranked by management's own guidance — revenue, margins, capex and order book, from every earnings call in India.

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Frequently Asked Questions

What were Whirlpool India Q3 FY26 results?

Company expects strong growth opportunities in the next five years, aiming for high single-digit to early double-digit CAGR in revenue, assuming market growth slightly ahead of GDP. Elica business expected to grow strongly, aiming for double-digit revenue growth even at slightly lower PBT margins.

What is Whirlpool India share price analysis?

Whirlpool India currently shows a neutral. The stock trades at a P/E of 35.8 with a market cap of ₹9,750 Cr. Investors should review the full earnings analysis for detailed insights.

Is Whirlpool India planning capital expenditure?

No clear immediate large CAPEX or strategic investments currently prioritized; the company is working through options with the board.

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This analysis is AI-generated based on publicly available earnings data and the company's earnings call transcript. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.