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.

September 2016 quarter results

For the quarter ended September 2016, sales grew 20% to Rs 938.91 crore. OPM grew 200 basis points to 9.6% which saw OP rise 51% to Rs 89.68 crore.

Other income grew 34% to Rs 18.62 crore and interest cost grew 23% to Rs 1.57 crore. As depreciation grew 18% to Rs 20.67 crore, PBT grew 58% to Rs 86.06 crore.

As tax grew 46% to Rs 27.34 crore, PAT went up 64% to Rs 58.72 crore.

Six months results

For the six months ended September 2016, sales grew 18% to Rs 2345.16 crore. OPM grew 130 basis points to 11.9% which saw OP rise 32% to Rs 279.99 crore.

Other income grew 40% to Rs 37.22 crore and interest cost grew 25% to Rs 3.02 crore. As depreciation went up 19% to Rs 43.13 crore, PBT grew 36% to Rs 271.06 crore.

After providing for (up 35% to Rs 90.36 crore) PAT went up 36% to Rs 180.70 crore.

Valuation

The share price trades at Rs 1128.