WHIRLPOOL OF INDIA DELIVERS STRONG RESULTS FOR Q1 2019 – 2020

KEY HIGHLIGHTS OF Q1 2019-20:

●        Total income from operations  up 18.7%  vs LY

●        Consolidated Profit before Tax (PBT)  Rs 296.7 Cr

●        Consolidated Profit after Tax (PAT) Rs 192.7 Cr

MUMBAI, August 14, 2019 (GNI):  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 Cr up18.7% vs. LY. Standalone PBT at Rs 294.9 Cr … up 17.6% vs. LY

Mr 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.”

Mr 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.”

About Whirlpool Corporation (NYSE: WHR) is the world’s leading major home appliance company, with approximately $21 billion in annual sales, 92,000 employees and 65 manufacturing and technology research centers in 2018. The companymarkets Whirlpool, KitchenAid, Maytag, Consul, Brastemp, Amana, Bauknecht, JennAir, Indesitand other major brand names in nearly every country throughout the world. Additional information about the company can be found at WhirlpoolCorp.com, or find us on Twitter at @WhirlpoolCorp.ends