Whirlpool Corporation is the world's leading global manufacturer and marketer of major home appliances. The company markets Whirlpool, Maytag, KitchenAid, Jenn-Air, Amana, Brastemp, Consul, Bauknecht and other major brand names to consumers in nearly every country around the world.

Whirlpool of India's ability to leverage on its parent's product and marketing expertise to launch new products / undertake innovations on existing products in the Indian market puts it in an advantageous position.

June 2015 quarter results

For the quarter ended June 2015, sales grew 5% to Rs 1100.27 crore. OPM improved 130 basis points to 13.6% which saw OP rising 15% to Rs 149.92 crore.

Raw material cost fell 2% to Rs 443.11 crore. As a % to sales it went down from 42.9%to 40.3%.

Other income grew 49% to Rs 12.44 crore and interest cost fell 68% to Rs 8 lakh. Depreciation rose 13% to Rs 16.43 crore.

PBT grew 18% to Rs 145.85 crore.

As tax grew 18% to Rs 47.75 crore, PAT went up 18% to Rs 98.10 crore.

FY 2015 results

In FY 2015, sales grew 16% to Rs 3293.78 crore. OPM improved 260 basis points to 10.1% which saw OP rising 57% to Rs 331.29 crore.

Other income grew 36% to Rs 38.00 crore and interest cost fell 55% to Rs 64 lakh. As depreciation rose 7% to Rs 68.13 crore, PBT soared 73% to Rs 300.52 crore.

Tax grew 75% to Rs 90.01 crore after which PAT jumped 71% to Rs 210.51 crore.

Valuation

The share price trades at Rs 818.