Whirlpool India Q3 FY26: Revenue Up 3.2% to ₹1,624 Cr, EBITDA Grows 47%
Whirlpool of India reported Q3 FY26 standalone revenue of ₹1,624 crore, up 3.2% YoY, with EBITDA growing 47% to ₹65 crore. Consolidated revenue increased 4% to ₹1,774 crore. The company signed long-term agreements with Whirlpool Corporation for brand and technology access, and aims for market share growth.
The transcript of the analyst call provides detailed operational and financial performance insights, including strategic agreements, which are important for investors but do not represent a major new corporate action.
The company reported revenue growth and significant EBITDA improvement, alongside securing long-term agreements for brand and technology, indicating a positive outlook.
Whirlpool of India Limited has released the transcript of its Conference Call for investors and analysts held on February 12, 2026, to discuss the Q3 FY2025-26 results.
The company reported standalone revenue of ₹1,624 crore for Q3 FY26, a growth of 3.2% year-on-year. This growth was attributed to product and execution strategies that boosted market share in washers, alongside a notable increase in the air conditioning business. The company also benefited from a low-single-digit industry growth, partly driven by festive demand during Diwali.
Profitability saw significant improvement, with EBITDA growing by 47% to ₹65 crore, and EBITDA margin expanding by 120 basis points to 4%. Profit Before Tax (PBT) before exceptional items increased by 32% to ₹48 crore. However, reported PBT declined by 60% due to a one-time wage code provision of ₹33.4 crore.
On a consolidated basis, including the Elica business, revenue grew by 4% to ₹1,774 crore. Consolidated EBITDA was ₹91 crore, with a 5% margin, and PBT before exceptional items was ₹71.7 crore. Reported consolidated PBT declined by 45% due to a wage code provision of ₹38.8 crore.
For the nine months ended December 2025, consolidated revenue was ₹5,853 crore, a marginal 1% decline year-on-year, primarily due to a weak industry in the first quarter. Despite headwinds, the company achieved a gross margin improvement of 62 basis points over the nine-month period, driven by cost productivity programs.
The company highlighted its long-term agreements with Whirlpool Corporation, including a 30-year Brand License Agreement with competitive royalty rates and a 10-year technological license agreement for access to current and future technology. A Transitional Service Agreement is in place until March 2029, providing ample time for system adjustments.
Whirlpool India emphasized its strategic focus on product innovation and market share growth across various categories, including refrigerators and washing machines. The company aims to decommoditize categories like direct-cool refrigerators and semi-automatic washing machines, while also targeting growth in frost-free and front-load segments. Air conditioners are identified as a key revenue driver, and the kitchen appliance segment with Elica presents significant growth opportunities.
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Whirlpool of India Limited filed this with the NSE as a statutory disclosure, categorised under concall transcript released. It is a primary document, not a recommendation, and the desk marks it medium impact: worth reading, rarely worth acting on by itself.
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See the model portfoliosA plain-language summary of a public exchange filing by Whirlpool of India Limited. Read the original for the full detail.