niftify.in

CNBC TV18

Why Schaeffler India, Whirlpool stands out among listed MNCs

Whirlpool of India, GMM Pfaudler, and Timken India had seen their promoters offloading stakes in the recent past.

Business Standard

Whirlpool of India stock jumps 7%, hits 52-week high; up 86% in 6 months

Earlier in February, Whirlpool Mauritius Limited, the promoters, had sold 30.4 million equity shares or 24 per cent stake of Whirlpool India via open-market trade for $468 million to reduce debt.

Business Line

AC makers' profits soar in April-June amid blistering heat

Companies such as Voltas, Blue Star, Whirlpool of India, Johnson Hitachi, and Havells which owns Llyods brand have reported a high growth trajectory in their top-line and bottom line, led by record sales in the April-June period

Business Standard

Air-conditioner makers log two-fold jump in profits amid blistering heat

Air-conditioner makers have logged a high double-digit growth in revenue and several of them had over two-fold jump in profits during April-June quarter amid increased demand due to the blistering summer. Companies such as Voltas, Blue Star, Whirlpool of India, Johnson Hitachi, and Havells which owns Llyods brand have reported a high growth trajectory in their top-line and bottom line, led by record sales in the April-June period. Tata group firm Voltas, a leading player in the room AC segment, reported over two-fold jump in consolidated net profit at Rs 335 crore and its revenue from operation went up 46.46 per cent to Rs 4,921 crore. Voltas also reported achieving the "milestone" of one million units of AC sales in the first quarter of FY25 and its total income crossed the Rs 5,000 crore-mark during the period. In the first quarter of this financial year, Voltas' revenue from "unitary cooling products for comfort and commercial use" that come under its room AC business vertical w

The Economic Times

AC makers' profits soar in April-June amid blistering heat

During the April-June quarter, air-conditioner manufacturers experienced significant revenue and profit growth due to heightened demand from a severe summer. Key players such as Voltas, Blue Star, Whirlpool of India, Johnson Controls-Hitachi, and Havells (owner of the Lloyd brand) reported substantial increases in both top-line and bottom-line metrics.

The Economic Times

Whirlpool India focuses on cost-cutting measures amid soft demand forecast

Whirlpool of India is implementing cost-cutting measures across various functions including logistics, infrastructure, and travel amidst a global forecast of soft demand for 2024 and rumors of a potential acquisition by Bosch Group. The company aims to enhance efficiency through a structured cost leadership program while reducing inventory levels.

Business Standard

Bosch's potential Whirlpool buy could boost firm's presence in India

German multinational firm Bosch is considering a multi-billion-dollar acquisition of American white goods manufacturer Whirlpool

Business Line

Whirlpool of India Share Price Highlights 27 June 2024: Whirlpool Of India stock jumps 9% amid Bosch bid speculation

Whirlpool of India share price updates: Whirlpool of India stock closed at ₹2,005 on the BSE on Thursday, up by 9.15%, and at ₹2,002.85 on the NSE, up by 9.03%. Shares of Whirlpool of India surged 19% on Thursday following a Reuters report that German engineering giant Robert Bosch is considering a bid for the company’s US-based parent, Whirlpool Corporation. According to sources cited by Reuters, Bosch has been consulting with potential advisers regarding a possible offer for Whirlpool, which boasts a market capitalization of approximately $4.8 billion.

The Economic Times

Bosch weighs offer for appliance maker Whirlpool, say sources

​ German engineering group Robert Bosch is weighing a bid for U.S. appliances manufacturer Whirlpool, according to three people familiar with the matter, a move that would boost its position in the household appliances market.

The Economic Times

This common thread in Vedanta, BAT, Whirlpool is helping a leaner Anil Agarwal look stronger

Vedanta joins a list of debt-laden companies such as British American Tobacco and Whirlpool, which sold a part of their equity in India to repay debts of the parent companies.