Consolidated net sales (including other operating income) has increased 31% to Rs 1779.39 crore.  Operating profit margin has jumped from 10.1% to 10.7%, leading to 38% rise in operating profit to Rs 189.65 crore.  Other income fell 49% to Rs 13.15 crore.  Provision for interest fell 97% to Rs 0.23 crore.    Provision for depreciation rose 1% to Rs 36.23 crore.  Profit before tax grew 40% to Rs 166.34 crore.  Share of profit/loss was 27% higher at Rs 6.24 crore.  Provision for tax was expense of Rs 42.52 crore, compared to Rs 31.52 crore.  Effective tax rate was 24.64% compared to 25.45%. Minority interest was nil in both the periods.  Net profit attributable to owners of the company increased 41% to Rs 130.06 crore.  

Yearly performance

Net sales (including other operating income) has declined 2% to Rs 5,899.89 crore.  Operating profit margin has slumped from 11.2% to 8.8%, leading to 23% decline in operating profit to Rs 518.98 crore.  Raw material cost as a % of total sales (net of stock adjustments) increased from 52.07% to 54.81%.   Purchase of finished goods cost fell from 10.32% to 9.27%.   Employee cost increased from 9.47% to 10.49%.   Other expenses fell from 17.33% to 16.78%.   Other income fell 30% to Rs 89.6 crore.  Provision for interest fell 23% to Rs 15.34 crore.   Provision for depreciation rose 10% to Rs 142.1 crore.    Profit before tax down 31% to Rs 451.14 crore.  Provision for tax was expense of Rs 117.87 crore, compared to Rs 176.6 crore.  Effective tax rate was 26.13% compared to 27.05%. Profit after tax fell 30% to Rs 333.27 crore.  

Consolidated net sales (including other operating income) has declined 2% to Rs 5899.89 crore.  Operating profit margin has slumped from 11.2% to 8.8%, leading to 23% decline in operating profit to Rs 518.98 crore.   Other income fell 30% to Rs 89.6 crore.  Provision for interest fell 23% to Rs 15.34 crore.    Provision for depreciation rose 10% to Rs 142.1 crore.   Profit before tax shrink 31% to Rs 451.14 crore.  Share of profit/loss from associate was 34% higher at Rs 18.56 crore.  Provision for tax was expense of Rs 117.87 crore, compared to Rs 176.6 crore.    Net profit attributable to owners of the company decreased 28% to Rs 351.83 crore. 

Management Comment

Arvind Uppal, Chairman Whirlpool of India Limited said, "Whirlpool has delivered a very strong quarter across all financial levers. Underlying growth momentum in the home appliances industry continues to be very healthy. Despite the headwinds due to the re]emergence of COVID and inflationary trends, we remain optimistic about the longer term trends for our business."

Vishal Bhola, Managing Director Whirlpool of India Limited said, "It was a really strong end to the year with an acceleration in topline growth and profitability. The performance came on the back of strong and broad based double digit volume growth. All categories and geographies showed continued momentum which helped end the year with the business growing ahead of markets. We continue to be optimistic about our short and medium term prospects."

Other developments

Board of Directors of the Company at its meeting held today have recommended a Final Dividend of Rs. 5 per equity share of the face value of Rs. 10/] each (50%) for the financial year 2020]21.

Equity capital stood at Rs 126.87 crore as of 31 March 2021 to Rs 126.87 crore as of 31 March 2020.  Per share face Value remained same at Rs 10.00.  

Promotersf stake was 75.00% as of 31 March 2021, compared to 75.00% as of 31 March 2020.