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Whirlpool: Steadfast improvement

Jun 26, 2002

Consumer durable majors have had a poor run ever since the Cricket World Cup in 1999. A series of events starting from the earthquake in Gujarat, uneven distribution of rainfall, general weakness in agriculture and industrial sector have made life miserable for durable manufacturers. While most of the durable majors are having a tough time, Whirlpool of India has managed to better its performance during these times. But volatility in earnings continues to remain a cause of concern.

Whirlpool sales grows 14%

Apr 30, 2001

Whirlpool has posted a 14% growth in sales for the first quarter ended 31st March 2001 to Rs 2,257 m. Against the negative growth witnessed by the durable industry, the company has reported a healthy growth in sales.

Whirlpool turns around

Feb 9, 2001

Whirlpool India has reported a 5.3% growth in sales for the full year ended 31st December 2000 to Rs 10,428 m. Operating profits are also up 26.1% backed by a significant rise in operating margins from 5.7% in FY00 to 6.8% in FY01.

Whirlpool – Creditable performance

Nov 1, 2000

The turnaround is apparent. Whirlpool India has posted a net profit of Rs 193 m for nine months ended September 2000 compared to a loss of Rs 172 m in the respective quarter of the previous year. Operating margins have improved significantly from 5.8% in 3QFY99 to 8.6% in 3QFY00.

Carrier Aircon's net down 41%

Oct 28, 2000

Carrier Aircon has posted a sharp drop in net profit by 41% to Rs 39 m for the second quarter ended 30th September. Operating margins have also dropped by 2% primarily due to 150% and 65% rise in staff cost and sub-contracting charges respectively.

MIRC – Betting on the idiot box

Oct 6, 2000

One of the prominent players in the television segment is MIRC Electronics. The company commands a 12% market share. Despite the company posting 70% rise in net profit for FY00, the prospects continue to remain bleak.

Coming out of the whirlpool…

Sep 30, 2000

Having entered Indian market in 1994, it has taken nearly five years for Whirlpool of India (WOI) to become market leader in the Indian refrigerator segment. Things were not smooth, as the company would have expected, atleast not for the last three years.

Betting on rural India…

Sep 30, 2000

Come the festive season and the Indian durable market is all set to witness the revival of brand wars. The demand is expected to skyrocket given the fact that monsoons have fared better than expectations. Added to this the fact that consumers have a plethora of brands to choose. If one takes a closer look, prospects of this industry are looking even more attractive.

Voltas: Consumer durables hold the key

Sep 8, 2000

Though a Original Equipment Manufacturer (OEM) supplier to companies like Cadbury, HLL, LG, Voltas is increasing its direct presence in the market. It plans to sell refrigerators (‘Voltas’ air conditioners have already hit the market) under its own brand when the agreement with Electrolux ends early next year.

Whirlpool India scores a ‘Home’ run

Sep 4, 2000

Whirlpool India has turned around after a series of hiccups. For 1HFY01, it has posted a net profit of Rs 192 m compared to a loss of Rs 72 m in 1HFY00. It has also planned to focus on microwaves and air conditioners market to create a separate niche for itself. How did it manage to make it?

Whirlpool turns around; Net profit at Rs 192 m

Aug 2, 2000

Whirlpool limited has posted a 12% rise in sales for the 1HFY01. However, the sales for the 2QFY01 is up 24% from Rs 2,728 m to Rs 3,386 m. The operating margins have improved, which is driven by revenue growth and through continuous cost control measures.

Underdogs at a premium

Aug 2, 2000

If you thought only TMT (technology, media and telecom) stocks command logic defying valuations on the bourses, think again. did a small study and found that the markets are also paying hefty premiums to relatively new entrants across different sectors.

More on Voltas restructuring

Oct 18, 1999

According to newspaper reports, Voltas Limited - part of the Tata group, has decided to shift its entire manufacturing operations to Vapi, Gujarat, and close down its Thane facility in a phased manner as part of its restructuring programme.

Voltas to bid adieu to Electrolux

Sep 30, 1999

Engineering goods and air-conditioners manufacturer Voltas Limited has decided to divest its remaining 24% holding in Electrolux Voltas Limited, its joint venture (JV) with Swedish major AB Electrolux.

GE-Godrej to split

Sep 30, 1999

GE Appliances is set to divest its stake in the Rs 8 bn joint venture (JV) with Godrej & Boyce, Godrej-GE Appliances. GE holds 40% stake in the JV. It is expected that Godrej may buy out GE's share in the JV.

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