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.

June 2017 quarter results

For the quarter ended June 2017, sales grew 15% to Rs 1617.88 crore. OPM fell 50 basis points to 13.0% which saw OP rise 11% to Rs 210.76 crore.

Other income grew 16% to Rs 21.66 crore and interest cost fell 18% to Rs 1.71 crore. As depreciation grew 24% to Rs 27.81 crore, PBT grew 10% to Rs 202.90 crore.

As tax rose 11% to Rs 70.18 crore, PAT went up 9% to Rs 132.72 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 1191.