Whirlpool of India Q4 Results Review - ‘Premiumisation To Drive Growth, Profitability: Nirmal Bang

NDTV Profit’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 NDTV Profit’s subscribers an opportunity to expand their understanding of companies, sectors and the economy..Nirmal Bang Report.Both topline and Ebitda margin were below our estimate by 12.7% and 148 bps respectively.While the market for both refrigerators and washers was flattish, the management stated that market shares for Q4 FY24 grew significantly on a YoY basis. Management commentary – “Our strategy of focusing on the consumer, creating product leadership across our categories, delivering cost productivity across every line of the P&L and relentlessly driving executional excellence while always keeping ROI center stage is delivering results for growth and market share”.While Whirlpool of India commands a good market share in entry level categories like DC Ref & Washers, there is a lot of scope to grow its market share in the Frost Free Ref & FLWM. We maintain Accumulate with a revised target price target price of Rs 1,460, valuing it at 37 times March-26E EPS. While we draw comfort in the strategies laid out for Whirlpool, we will wait and watch to ascertain the timeframe for market share gains post the new strategic changes. Any positive surprises in the future (beyond our factored assumptions) will propel us to move our estimates upwards..Click on the attachment to read the full report:.Whirlpool of India Q4 Review - Strong Margin Performance Coupled With Market Share Gains: Yes Securities.DISCLAIMERThis report is authored by an external party. NDTV Profit 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 NDTV Profit..Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

Whirlpool of India Q4 Results Review - ‘Premiumisation To Drive Growth, Profitability: Nirmal Bang

Positive changes made by the management to drive growth

NDTV Profit

NDTV Profit

Follow Us

DISCOVER US FASTER

DOWNLOAD THE APP