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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.
Quarter results
For the quarter ended December 2018, net sales grew 26% to Rs 1211.54 crore. OPM fell 130 basis points to 8.1% which saw OP fall 9% to Rs 97.56 crore.
Other income grew 26% to Rs 26.87 crore and interest cost went up 142% to Rs 5.31 crore. As depreciation grew 1% to Rs 25.20 crore, PBT grew 13% to Rs 93.92 crore.
As tax grew 10% to Rs 33.30 crore, PAT grew 14% to Rs 60.62 crore.
Nine months results
For the nine months, net sales grew 13% to Rs 4042.50 crore. OPM fell 30 basis points to 11.4% which saw OP rise 10% to Rs 461.88 crore.
Other income grew 39% to Rs 88.27 crore and interest cost went up 3% to Rs 5.77 crore. As depreciation grew 2% to Rs 79.35 crore, PBT went up 16% to Rs 465.03 crore.
As tax grew 15% to Rs 162.08 crore, PAT went up 17% to Rs 302.95 crore.
Valuation
The stock trades at Rs 1500.
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