Whirlpool of India (WOIL) reported a resilient Q3 FY26, recovering from earlier industry slowdown.

1. **Business Performance:** Q3 standalone revenue grew 3.8% to ₹1,624 Cr, with PBT (before exceptional) up 31.9% to ₹48.2 Cr and EBITDA surging 47.3% to ₹65.3 Cr.

Consolidated figures showed similar growth.

WOIL maintained T2 market share in Refrigerators & Washers, with volume gains across most categories.

2. **Growth Drivers or Strategy:** Focus areas include product leadership and cost optimization.

WOIL secured long-term agreements for the Whirlpool brand (30 years) and technology access.

A robust 'P4G' cost productivity program significantly improved gross margins, and efficient inventory management delivered negative working capital in recent quarters.

3. **Recent Developments:** WOIL launched several new products, including Automatic Defrost (ADF) refrigerators, Pride of India Glass Doors, India's fastest convertible refrigerators, and new Frost Free 3-door ranges.

Its AC business grew over 50% in CY25, while Elica India introduced premium built-in ovens and advanced kitchen hoods.

4. **Key Financial Metrics:** Q3 standalone revenue: ₹1,624 Cr (+3.8% YoY); PBT (before exceptional): ₹48.2 Cr (+31.9% YoY). Consolidated Q3 revenue: ₹1,774 Cr (+4% YoY); PBT (before exceptional): ₹71.7 Cr (+21% YoY). 5. **Management Commentary / Outlook:** Management aims to sustain market share and grow profitability, citing positive results from ROI-based investments, strong festival execution, and new product launches contributing to Q3's recovery.