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.

September 2015 quarter results

For the quarter ended September 2015, sales fell 4% to Rs 713.55 crore. OPM fell 40 basis points to 8.2% which saw OP fall 9% to Rs 58.58 crore.

Other income grew 48% to Rs 13.66 crore and interest cost grew 35% to Rs 23 lakh. As depreciation rose 8% to Rs 15.98 crore, PBT fell 4% to Rs 56.03 crore.

As tax grew 4% to Rs 18.43 crore, PAT went down 8% to Rs 37.60 crore.

Sluggish performance in September 2015 quarter is primarily due to shifting of Dussehra festival season to December 2015 quarter.

Six months quarter results

For the six months ended September 2015, sales grew 1% to Rs 1813.82 crore. OPM improved 70 basis points to 11.5% which saw OP grow 7% to Rs 208.50 crore.

Other income grew 48% to Rs 26.10 crore and interest cost fell 26% to Rs 31 lakh. As depreciation rose 10% to Rs 32.41 crore, PBT grew 11% to Rs 201.88 crore.

After providing for taxation, (up 14% to Rs 66.18 crore), PAT went up 10% to Rs 135.70 crore.

FY 2015 results

In FY 2015, sales had grown 16% to Rs 3293.78 crore. OPM had improved 260 basis points to 10.1% which saw OP grow 57% to Rs 331.29 crore. PBT had soared 73% to Rs 300.52 crore and PAT had jumped 71% to Rs 210.51 crore.

Valuation

The share price trades at Rs 640.