NSE: WHIRLPOOL | BSE: 500238

Mid-range Performer

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1224.30 -25.40 (-2.03%)

50.02% Fall from 52W High

258.8K NSE+BSE Volume

NSE 28 May, 2025 3:31 PM (IST)

15,532.9

Market Cap

Below industry Median

0.7

Beta 1Year

Very Low volatility

Whirlpool of India Ltd. share price target and research reports

Latest analyst research reports with target prices and PDF download for WHIRLPOOL, BSE:500238 Whirlpool of India Ltd.

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Whirlpool of India Ltd.

21 May 2025

1224.30

-2.03%

Strong Q4FY25 performance but overhang of parent reducing stake to 20%

Sell: Whirlpool of India Ltd.

Target

ICICI Securities Limited

Whirlpool India’s Q4FY25 print was strong with likely market share gains in key categories of refrigerators and washing machines. With negligible price hikes, we believe revenue growth in Q4FY25 was largely volume driven.

Whirlpool of India Ltd. is trading below its 150 day SMA of 1464.0

Whirlpool of India Ltd.

09 Feb 2025

1224.30

-2.03%

Strong Q3FY25 performance; parent to reduce stake to 20%

Sell: Whirlpool of India Ltd.

Recommendation Target

ICICI Securities Limited

Whirlpool India reported a strong set of numbers in Q3FY25 with healthy revenue growth of 11% coupled with market share gains.

Whirlpool of India Ltd. is trading above its 100 day SMA of 1219.3

Whirlpool of India Ltd.

06 Nov 2023

1224.30

-2.03%

Weak performance; protecting volumes at cost of margins

Accumulate: Whirlpool of India Ltd.

Recommendation Target

ICICI Securities Limited

Takeaways from Q2FY24 results: (1) Weakness in consumer demand has continued in Q2FY24 and hurt volume growth. (2) The company has cut prices in order to protect volumes (DCF accretive). (3) Resilient performance in Elica. While correction in input prices is aiding gross margins, its benefit is partly offset by higher ad-spends (in our view).

Whirlpool of India Ltd. has gained 27.53% in the last 3 Months

Whirlpool of India Ltd.

08 Aug 2023

1224.30

-2.03%

Elica remains strong value driver; Margin tailwinds ahead due to deflation in commodity prices

Buy: Whirlpool of India Ltd.

Target

ICICI Securities Limited

While Whirlpool’s Q1FY24 was muted (as expected), we note three positives (1) Elica has continued to report strong revenue growth (19% YoY) led by strong product portfolio expansion and integration with supply chain of Whirlpool, (2) In our view, Whirlpool’s EBITDA margin has likely bottomed out in H1CY23.

Whirlpool of India Ltd. has lost -31.94% in the last 6 Months

Whirlpool of India Ltd.

18 May 2023

1224.30

-2.03%

Sequential improvement in profitability

Buy: Whirlpool of India Ltd.

ICICI Securities Limited

While Whirlpool’s Q4FY23 performance was below our estimates, we note (1) there is sequential recovery in gross margins over past quarters and (2) Elica has maintained double digit growth rates with improvement in EBITDA margins. We are also enthused by the parent’s India focus.

ICICI Securities Limited increased Sell price target of Whirlpool of India Ltd. to 980.0 on 21 May, 2025.

Whirlpool of India Ltd.

02 Feb 2023

1224.30

-2.03%

Weak performance; Margins remain under pressure with steep competitive pressures

Buy: Whirlpool of India Ltd.

Target

ICICI Securities Limited

Steep competitive pressures have impacted Whirlpool’s Q3FY23. It reported revenue and adjusted PAT decline of 15.5% and 43.7%, respectively. We note the trade/ consumer discounts in white goods continue to remain high and it is likely to hurt margins in Q4FY23 as well as H1FY24.

Whirlpool of India L.. has an average target of 980.00 from 1 broker.

Whirlpool of India Ltd.

03 Nov 2022

1224.30

-2.03%

Weak print; Margin recovery still underway

Buy: Whirlpool of India Ltd.

Target

ICICI Securities Limited

Whirlpool’s Q2FY23 revenues were flat YoY, implying volume decline in our view. Three-year revenue CAGR works out to 5%.

Whirlpool of India L.. has an average target of 980.00 from 1 broker.

Whirlpool of India Ltd.

10 Aug 2022

1224.30

-2.03%

Correction in input prices to improve profitability

Buy: Whirlpool of India Ltd.

Target

ICICI Securities Limited

Revenues of Whirlpool grew 55.2% in Q1FY23, on a favorable base of covid- impacted Q1FY22.

Whirlpool of India Ltd. is trading above its 100 day SMA of 1219.3

Whirlpool of India Ltd.

01 Aug 2022

1224.30

-2.03%

Ashika - Stock Picks Whirlpool of India Ltd. - August 2022

Buy: Whirlpool of India Ltd.

Target

Ashika Research

Whirlpool of India Ltd. has lost -31.94% in the last 6 Months

Whirlpool of India Ltd.

26 Jun 2022

1224.30

-2.03%

FY22 - Toughest year in past decade; expect gradual improvement ahead

Buy: Whirlpool of India Ltd.

ICICI Securities Limited

Whirlpool of India (Whirlpool) reported decade low return ratios in FY22, as its PAT margin suffered a blow from input material inflation. The premium and mid-premium segments did well but entry-level products were impacted due to the high inflationary period.

ICICI Securities Limited increased Sell price target of Whirlpool of India Ltd. to 980.0 on 21 May, 2025.

Is Whirlpool of India Ltd. worth buying?

241 Votes:

Buy 75.93%

Sell 12.03%

Hold 12.03%

RESEARCH REPORTS

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