Whirlpool shares rise despite 40% profit plunge in Q2

Whirlpool of India reported a significant contraction in profitability during the second quarter of fiscal 2027, with consolidated net profit sliding to ₹25.08 crore from the prior-year period. The steep 40% year-on-year decline underscores mounting cost pressures facing the appliance manufacturer in a challenging macroeconomic environment.

The company attributed the earnings pressure to a combination of factors including inflationary headwinds, elevated crude oil prices, and rupee depreciation against major currencies. These external shocks have compressed margins for manufacturers across the consumer appliances sector, forcing companies to grapple with higher input and logistics costs.

Market analysts remain cautious on the stock's near-term prospects. ICICI Securities has maintained a 'Reduce' rating on Whirlpool of India, suggesting limited upside from current valuations despite the marginal stock price appreciation witnessed during recent trading sessions.

The appliance sector continues to navigate a complex operating landscape marked by persistent inflation and currency headwinds. Industry participants are closely monitoring demand trends in the domestic market and the effectiveness of pricing strategies in offsetting cost inflation over the coming quarters.