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.

March 2017 quarter results

For the quarter ended March 2017, sales grew 19% to Rs 1114.29 crore. OPM fell 20 basis points to 11.2% which saw OP rise 17% to Rs 124.58 crore.

Other income grew 10% to Rs 16.81 crore and interest cost fell 56% to Rs 63 lakh. As depreciation grew 21% to Rs 24.84 crore, PBT grew 16% to Rs 115.92 crore.

As tax jumped 36% to Rs 41.54 crore, PAT went up 7% to Rs 74.38 crore.

FY 2017 results

In FY 2017, sales grew 15% to Rs 4360.38 crore. OPM grew 120 basis points to 11.2% which saw OP rise 28% to Rs 488.84 crore.

Other income grew 32% to Rs 72.99 crore and interest cost was up 14% to Rs 5.89 crore. As depreciation went up 14% to Rs 87.46 crore, PBT grew 32% to Rs 468.48 crore.

After providing for tax (up 36% to Rs 157.99 crore) PAT went up 29% to Rs 310.49 crore.

Valuation

The share price trades at Rs 1200.