Whirlpool of India Q2 FY27 net profit drops 39% to ₹25 crore on rising costs
Synopsis
Whirlpool of India's Q2 FY27 profit crashed 39% to ₹25 crore even as revenue grew 14% — a textbook case of costs outrunning growth. With total expenses at ₹1,896.66 crore against revenue of ₹1,873 crore, the company spent more than it earned on operations, and its EBITDA margin shrank to a thin 2.13%. The stock has lost over 35% in the past year.
Key Takeaways
Whirlpool of India reported a 39% YoY drop in consolidated net profit to ₹25 crore in Q2 FY27 (quarter ended 30 September 2026 ).
Net profit stood at ₹41 crore in the year-ago quarter ( Q2 FY26 ).
Revenue from operations rose 14% YoY to ₹1,873 crore , but total expenses surged to ₹1,896.66 crore .
EBITDA fell 31% to ₹40 crore ; EBITDA margin contracted to 2.13% from 3.5% a year ago.
Shares closed at ₹832.60 on 9 November 2026 , down 0.31% ; the stock has declined 35.22% over the past year.
Whirlpool of India reported a sharp 39 per cent year-on-year decline in consolidated net profit to ₹25 crore for the quarter ended 30 September 2026 (Q2 FY27), as surging expenses eroded gains from robust revenue growth. The home appliances maker had posted a net profit of ₹41 crore in the same quarter of the previous financial year (Q2 FY26), according to its stock exchange filing.
Revenue Growth Overshadowed by Cost Surge
Revenue from operations climbed 14 per cent year-on-year to ₹1,873 crore in the July–September 2026 quarter, up from ₹1,647 crore in the year-ago period — a healthy top-line showing for the company. However, total expenses rose sharply to ₹1,896.66 crore from ₹1,649.51 crore a year earlier, effectively wiping out the revenue-driven gains and pushing the company into an operating cost overhang.
EBITDA and Margins Under Pressure
At the operating level, earnings before interest, taxes, depreciation and amortisation (EBITDA) fell 31 per cent to ₹40 crore in Q2 FY27, compared with ₹58 crore in Q2 FY26. The EBITDA margin contracted significantly to 2.13 per cent from 3.5 per cent in the year-ago quarter, as per its regulatory filing. This compression signals that input cost inflation and other operating pressures are running faster than the company's ability to pass them on through pricing.
Stock Performance Following Results
Following the earnings announcement on Monday, 9 November 2026, shares of Whirlpool of India closed at ₹832.60 on the stock exchanges, down 0.31 per cent (or ₹2.60) from the previous close — a muted reaction that may reflect the results being largely in line with subdued expectations. Over the past five trading sessions, the stock has slipped 0.22 per cent, while it gained 1.94 per cent in the last one month.
Longer-Term Stock Trajectory
The broader picture remains challenging. Over a six-month period, Whirlpool of India shares have fallen 8.51 per cent, and on a year-to-date basis the stock has declined 6.49 per cent. On an annual basis, the shares have shed 35.22 per cent, eroding ₹452.60 per share in value. This prolonged underperformance comes against a backdrop of continued margin stress in the consumer durables segment, where rising raw material costs and competitive pricing have kept profitability in check across the industry.
Sector Context and What to Watch
Whirlpool of India's results mirror a broader pattern seen across the consumer durables space, where firms have reported strong volume recoveries but struggled to translate that into bottom-line gains amid elevated commodity costs. Notably, the company's total expenses exceeded its revenue in Q2 FY27 — a margin dynamic that will need to reverse for the stock to regain investor confidence. Analysts and investors will watch closely for any management commentary on cost containment strategies, pricing actions, and demand trends heading into the festive-season-linked Q3 FY27.
Point of View
But it is not translating into earnings because cost structures have not been rationalised. With total expenses exceeding revenue in the quarter, the company is essentially running a loss-making operations base masked by other income lines. A 2.13% EBITDA margin leaves almost no buffer for any further input cost shock. The 35% annual stock erosion suggests the market has already priced in structural concern — and without a credible cost-containment roadmap, management will struggle to restore investor confidence through top-line growth alone.
NationPress
9 Nov 2026
Frequently Asked Questions
What was Whirlpool of India's net profit in Q2 FY27?
Whirlpool of India reported a consolidated net profit of ₹25 crore in Q2 FY27 (quarter ended 30 September 2026), a 39% decline year-on-year from ₹41 crore in Q2 FY26. The drop was driven by rising costs and weaker operating performance despite healthy revenue growth.
Why did Whirlpool of India's profit fall despite revenue growth?
Although revenue from operations grew 14% year-on-year to ₹1,873 crore, total expenses surged to ₹1,896.66 crore — exceeding revenue — leaving the company with a heavily compressed operating margin. Rising input costs were the primary driver of the profit erosion.
What happened to Whirlpool of India's EBITDA margin in Q2 FY27?
The company's EBITDA margin contracted to 2.13% in Q2 FY27 from 3.5% in the year-ago quarter. EBITDA in absolute terms fell 31% to ₹40 crore from ₹58 crore, reflecting the scale of operating cost pressure.
How have Whirlpool of India shares performed recently?
Shares closed at ₹832.60 on 9 November 2026, down 0.31% on the day. Over the past year, the stock has declined 35.22%, eroding ₹452.60 per share in value. On a year-to-date basis the shares are down 6.49%.
What should investors watch for in Whirlpool of India's upcoming quarters?
Investors will focus on management commentary regarding cost containment measures, potential price increases, and demand trends ahead of the festive-season-linked Q3 FY27. A reversal of the EBITDA margin compression would be the key signal that the company's profitability trajectory is stabilising.
