Numbers kya bolte hain?
Toh bhai, Whirlpool India ne December 2025 quarter mein ₹1,624 crore ka standalone revenue report kiya hai, jo pichhle saal se 3.8% zyada hai. Yeh tab hua jab market mein demand thodi slow thi! Washing machine mein market share badhaya aur ACs mein bhi thoda growth aaya. Cost cutting se operational EBITDA toh 47.3% jump kar gaya. Lekin haan, ek-waqt ke wage code provision ke wajah se ₹33.4 crore ka one-time hit laga, jisse Profit Before Tax (PBT) thoda gir gaya. Consolidated basis par, revenue 4.0% badh kar ₹1,774 crore ho gaya. Stock filhaal ₹897 ke aas-paas hai, jo ki 52-week high ₹1,471 se kaafi neeche hai.
Toh Phir tension kya hai?
Dekho, Indian home appliance market toh long run mein accha grow karega, around 7.5% CAGR se. Whirlpool bhi premium products par focus kar raha hai, jo sahi hai. Lekin competition bohot tight hai. Jaise LG Electronics ne apna revenue 9.8% kam kar diya competitors ke saath price war se bachne ke liye, woh ek alag strategy hai. Dusri taraf, Whirlpool Corporation, jo ki parent company hai, apna stake systematically kam kar rahi hai. November 2025 tak, unhone apna stake 51% se ghatakar around 40% kar liya hai, $166 million ke shares bech kar! Aur 2026 ke first half mein aur bhi kam karne ka plan hai. Isse long-term commitment par sawal uthta hai. Aur toh aur, private equity firm Advent International ke saath deal bhi valuation differences ki wajah se December 2025 mein cancel ho gayi. Indian Rupee ka girna bhi ek bada risk hai, kyunki imported raw materials mehenga ho jayega aur profit margins dab jayenge.
Analyst aur Future Outlook
Brokers ka milaya-jula view hai, mostly 'Outperform' ya 'Buy' keh rahe hain. Lekin price targets thode kam ho rahe hain. Average target ₹1,100 se ₹1,271 ke beech hai, par haal hi mein kuch targets 14% tak kam kiye gaye hain. Company ne parent company ke saath brand aur technology agreements kar liye hain, jo continuity dega. Par promoter ka final stake aur divestment ke baad strategy kya hogi, yeh dekhna padega. Management ko profit improvement ki umeed hai premium segment aur cost actions se, aur second half mein market recovery ki bhi aasha hai.