ICICI Securities: Whirlpool Of India Posts Weak Margin Performance In H1 FY21 
Whirlpool washing machines are displayed for sale at the Home Appliance store.(Photographer David Paul Morris/Bloomberg)

ICICI Securities: Whirlpool Of India Posts Weak Margin Performance In H1 FY21 

BQ Blue’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 BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.

ICICI Securities Report

Whirlpool of India Ltd. posted weak margin performance in H1 FY21 due to -

  1. increasing competition (expected) in refrigerator segment, which has been the main growth driver for the company;
  2. relatively low growth in washing machine (washers), room air conditioner and service revenues; and
  3. high valuation with the stock trading at a historical high of 54.6 times FY20 price/earning (trailing) considering the Ebitda growth of 11.3%/15% in the last three to five years.

Click on the attachment to read the full report:

ICICI Securities Whirlpool Q2FY21 Results Update.pdf

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