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.

December 2016 quarter results

For the quarter ended December 2016, sales grew 1% to Rs 900.94 crore. OPM grew 200 basis points to 9.4% which saw OP rise 29% to Rs 84.32 crore.

Other income grew 39% to Rs 18.95 crore and interest cost grew 70% to Rs 2.24 crore. As depreciation fell 3% to Rs 19.50 crore, PBT grew 42% to Rs 81.53 crore.

As tax grew 40% to Rs 26.09 crore, PAT went up 43% to Rs 55.44 crore.

Nine months results

For the nine months ended December 2016, sales grew 13% to Rs 3248.10 crore. OPM grew 160 basis points to 11.2% which saw OP rise 32% to Rs 364.28 crore.

Other income grew 40% to Rs 56.18 crore and interest cost grew 41% to Rs 5.27 crore. As depreciation went up 11% to Rs 62.63 crore, PBT grew 37% to Rs 352.56 crore.

After providing for (up 36% to Rs 116.45 crore) PAT went up 38% to Rs 236.11 crore.

Valuation

The share price trades at Rs 1023.