Whirlpool India Q3 FY26 Revenue Up 4% to ₹1,774 Cr; PBT Before Wage Code Provision Rises 21%
Whirlpool of India reported Q3 FY26 consolidated revenue of ₹1,774 crore, up 4.0% year-on-year. PBT before a ₹39 crore one-time Wage Code provision increased 21% to ₹72 crore. The company secured long-term brand and technology agreements with Whirlpool Corporation. Market share in washers and air conditioners grew.
The announcement includes positive financial results and significant long-term strategic agreements that will impact the company's future. However, the reported PBT decrease due to a one-time provision tempers the immediate impact.
The company reported revenue growth and an increase in PBT before exceptional items. Despite a one-time provision impacting reported PBT, the underlying business performance and strategic agreements are positive.
Whirlpool of India Limited announced its unaudited financial results for the third quarter and nine months ended December 31, 2025. Consolidated revenue from operations stood at ₹1,774 crore, marking a 4.0% increase compared to the previous year, primarily driven by market share gains in Washers and growth in Aircon categories. The refrigerator business experienced muted performance due to a soft industry and competitive pricing.
Consolidated EBITDA before the wage code impact was ₹90.9 crore, up by 31.2% year-on-year. Consolidated Profit Before Tax (PBT) before exceptional items rose by 21.0% to ₹72 crore. However, a one-time provision of ₹39 crore for the new Wage Code resulted in a reported consolidated PBT of ₹33 crore, a decrease of 44.5% compared to the previous year.
During the quarter, Whirlpool India secured a long-term deal with Whirlpool Corporation, ensuring multi-decadal rights to use the Whirlpool brand, long-term technological licensing agreements, and a three-year transitional services agreement. The company maintained volume market shares in the refrigerator and washer multi-brand outlet market and showed an improvement of 70 basis points compared to the second quarter, consolidating its position among the top three brands.
Mr. Narasimhan Eswar, Managing Director, Whirlpool of India, highlighted the strategic long-term deal with Whirlpool Corporation and the business growth despite market challenges. He also noted the strong standalone net working capital for Q3 at -3.6% of sales, reflecting operational rigor.
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