Whirlpool delivers good results for Q1 2019-2020

Whirlpool delivers good results for Q1 2019-2020

Agency News

Kolkata, Aug 13 : Whirlpool of India, a subsidiary of Whirlpool Corporation,
the world’s leading home appliance company, today announced strong operating
results for the first quarter of 2019-20.

Total income from operations of Rs 2001.6 Crup18.7 per cent vs. LY. Standalone
PBT at Rs 294.9 Cr … up 17.6 per cent vs. LY

Arvind Uppal, Chairman Whirlpool of India Limited said, “Whirlpool continued its
strong momentum across all key levers, volume, profit and cash. These results
came on the back of robust execution, market share gains and an extended summer.
We remain confident about the future despite the emergence of short term
macroeconomic headwinds.”

Sunil D’Souza, Managing Director Whirlpool of India Limited said, "We delivered
strong results for the quarter both on top line and bottom line. We saw a great
response to our new launches across categories. While the front end drove great
execution to strengthen our market position, the plants ramped up to top notch
utilization to support the momentum. While we do see some macro headwinds and
uncertainty in the short term, given our current product pipeline and execution
capabilities, we remain confident of continuing to deliver top notch results ahead."