Whirlpool of India Q4 Results Review - Weak Summer Leads To Muted Demand: Yes Securities

BQ Prime’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BQ Prime’s subscribers an opportunity to expand their understanding of companies, sectors and the economy. .Yes Securities Report.Whirlpool of India Ltd.’s consolidated revenue came in below ours and consensus estimates with, revenue declining 2.0% YoY. This decline is attributed to muted market growth in Q4 especially in refrigerators and air conditioners driven by a weak summer and concomitant declining entry segment markets. Margins were lower than expected on back of lower sales due to subdued market conditions and calibrated price correction action. We had already flagged off in our channel checks that company has taken price correction to win back the market share. Gross margins on standalone basis were stable despite lower pricing is a key positive. We expect Whirlpool to post strong revenue growth once industry stabilises. Our channel checks have also suggested Whirlpool has launched new products which can be corroborated from its press release. Management is confident of the strong leverage of recent product launches in in mid and premium ranges combined with a renewed drive on all aspects of in-market excellence and accelerated cost reduction programs will help Whirlpool grow profitably..Click on the attachment to read the full report:.Amber Enterprises Q4 Results Review - Wallet Share Continues To Increase: Yes Securities.DISCLAIMERThis report is authored by an external party. BQ Prime does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BQ Prime..Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

Whirlpool of India Q4 Results Review - Weak Summer Leads To Muted Demand: Yes Securities

Margins were lower than expected on back of lower sales due to subdued market conditions and calibrated price correction action.

Choose a plan