Whirlpool Of India Limited · NSE:WHIRLPOOL
Whirlpool Of India — Q3 FY2025-26 Earnings Presentation
41 slides from Whirlpool Of India's earnings presentation, Feb 12, 2026
Slide 1: Exchange filing cover letter for analyst call presentation
February 12, 2026 The Manager The Manager Listing Department Listing Department BSE Limited National Stock Exchange of India Limited Phiroze Jeejeebhoy Towers Exchange Plaza, C-1, Block G, Dalal Street, Mumbai, Bandra Kurla Complex, Bandra East, Maharashtra - 400001 Mumbai, Maharashtra – 400051 Sc
Slide 2: Welcome to the Analyst Call
Welcome to the Analyst Call Whirlpool of India Limited The Call will begin at 04:00 PM
Slide 3: Whirlpool of India Limited Corporate Presentation
Whirlpool of India Limited Corporate Presentation February 12, 2026 2
Slide 4: Cautionary Statement
Cautionary Statement This Presentation/Communication, except for the historical information, may contain statements, including the words or phrases such as 'expects, anticipates, intends, will, would, undertakes, aims, estimates, contemplates, seeks to, objective, goal, projects, should' and similar
Slide 5: Agenda
Agenda I. Business Overview II. Strategic Imperatives III. Financial Performance 4
Slide 6: I. Business Overview
I. Business Overview 5
Slide 7: Signed Long Term Contracts: Future of WOIL Secured
Signed Long Term Contracts: Future of WOIL Secured Transaction agreements with Whirlpool Corporation ● Long Term Transaction arrangement: ○ Exclusive rights to use “Whirlpool” Brand for 30 years with competitive royalty rates ○ Access to current and future Technology for major domestic appliances ○
Slide 8: Q3 25-26: India Standalone
Q3 25-26: India Standalone ● Sustaining Market shares in a competitive market while growing profitability ● Revenue growth of ~4% vs LY in a weak industry environment ● Robust P4G (Cost takeout) program led delivery of 30% gross margin ● EBITDA growth +47% vs LY, PBT (before exceptional items) +32% v
Slide 9: Recovery in Q3 25-26 (Standalone)
Recovery in Q3 25-26 (Standalone) after two quarters of decline Revenue +4%, PBT +32% for Oct-Dec’25 (Q3) 8
Slide 10: Retaining Overall T2 Market Share Trend
Retaining Overall T2 Market Share Trend Q4 22-23 1H 23-24 2H 23-24 1H 24-25 Q3 24-25 12M’ 2025 (Jan 23 – Mar 23) (Apr 23 – Sep 23) (Oct 23 – Mar 24) (Apr 24 – Sep 24) (Oct 24 – Dec 24) (Jan 25 – Dec 25) Mid single Mid single Mid single Flattish Low single digit Flattish Industry Volume digit digit d
Slide 11: Reflected in Volume Shares Across All Categories
…Reflected in Volume Shares Across All Categories Consolidating Our Top 3 position in T2 (Ref and Washers) Q4 22-23 1H 23-24 2H 23-24 1H 24-25 Q3 24-25 12M’ 2025 Category (Jan 23 – Mar 23) (Apr 23 – Sep 23) (Oct 23 – Mar 24) (Apr 24 – Sep 24) (Oct 24 – Dec 24) (Jan 25 – Dec 25) Direct cool Refrigerat
Slide 12: Cost Productivity Programs Driving GM Improvement (Standalone)
Cost Productivity Programs Driving GM Improvement (Standalone) 11 Note: Gross Margin is calculated as Revenue from sale of products less cost of raw materials, components, purchase of traded goods and change in inventories.
Slide 13: Efficient Inventory Management Drives Negative Working Capital (Standalone)
Efficient Inventory Management Drives Negative Working Capital (Standalone) 12 Note: Working capital is sum of trade receivables and inventory less trade payables (inc. non current trade payables). WC % to Net Revenue is calculated on Net revenue from sale of goods.
Slide 14: II. Strategic Imperatives
II. Strategic Imperatives 13
Slide 15: Our Strategic Imperatives
Our Strategic Imperatives INSPIRE BUILD A WIN WITH GENERATIONS COMPETITIVE EXCELLENCE IN PRODUCT WITH OUR AND RESILIENT EXECUTION LEADERSHIP BRANDS SUPPLY CHAIN 14
Slide 16: Inspire With Our Brands: Our History
Inspire With Our Brands: Our History Introduced Pedestals and Auto Defrost; First 3-Door Platina Range Early Pioneers in Colours and Finishes India’s First VA Heater Whirlpool - A pioneer in India durables industry Detailed T&C available on Company’s website. 15
Slide 17: ADF: Consumer First Proposition, Scaling New Heights
ADF : Consumer First Proposition, Scaling New Heights Automatic Defrost proposition posting strong growth 16
Slide 18: Pride of India Range of Glass Doors
Pride of India Range of Glass Doors 17
Slide 19: Presenting Lapis Grande Premium Glassdoor Collection
PRESENTING __ Lapis Grande | Premium Glassdoor Collection 18
Slide 20: Best in Class Performance
Best in Class Performance India’s fastest convertible India’s Fastest Convert Freezer to Fridge Convertible Refrigerator in ~10 mins* 19
Slide 21: Frost Free 3 Door New Range
Frost Free 3 Door New Range with capacity upgrade 20
Slide 22: Dynamix Technology in Premiums Driving the Semi Automatic Category
Dynamix Technology in Premiums Driving the Semi Automatic Category 0 Detergent Patches with Dynamix Technology Covers 45%+ of category 21
Slide 23: Front Load Washer Accelerates in CY 2025
Front Load Washer Accelerates in CY 2025 1.5X Volumes Triple digit vs LY market share growth vs LY 22
Slide 24: AC Business… Scaling Up
AC Business… Scaling Up >50% Growth in CY 2025 23
Slide 25: Turbocharging Premiumization Through Elica India's Premium Product Ranges
Turbocharging Premiumization Through Elica India’s* Premium Product Ranges ■ Best-in-class hoods, powered by premium technology - filterless, heat auto clean with bigger suction area ■ Premium Built-in Oven with Air Fryer function - Soft close door and touch control with convection, help drive produc
Slide 26: Excellence in Execution and Creating a Consumer-Centric Service Organization
Excellence in Execution and Creating a Consumer - Centric Service Organization Aim: Win Every Day in Every Store with Every Consumer Strong Net Promoter Score Improvement Right pricing strategy specially on 100 premium lines 50 Stronger visibility of premium lines and new ranges 0 Sales & service in
Slide 27: Robust P4G Program is at Core of WOIL Manufacturing
Robust P4G Program is at Core of WOIL Manufacturing SAF ENE CD EN FI V PD WO EP AM M EE PM M LCS QC ■ Standalone GM Improvement of 320 bps (9M’FY26 vs FY23) Achieved Silver in Pune and Bronze in other — P4G: Regular systematic program that covers all lines of P&L two manufacturing sites — Significant
Slide 28: III. Financial Performance
III. Financial Performance 27
Slide 29: Oct-Dec'25 (Q3) Standalone (Whirlpool Of India)
Oct-Dec’25 (Q3) Standalone (Whirlpool Of India) TOPLINE GROWTH Revenue YoY change ● Revenue growth driven by 1,624 Cr +3.8% ○ Market share improvement in washer vs last year and growth in Aircon EBITDA* MOVEMENT ○ Festival driven industry growth EBITDA* (% revenue) YoY change ○ Segment premiumizatio
Slide 30: Oct-Dec'25 (Q3) Consolidated (Whirlpool + Elica)
Oct-Dec’25 (Q3) Consolidated (Whirlpool + Elica) TOPLINE GROWTH ● Revenue from operations up by ~4% driven by Revenue YoY change ○ Market share improvement in washer vs last 1,774 Cr +4.0% year, growth in Aircon and Elica ○ Festival driven industry growth EBITDA MOVEMENT ○ Segment premiumization EBI
Slide 31: Apr-Dec'25 (9M) Consolidated (Whirlpool + Elica)
Apr-Dec’25 (9M) Consolidated (Whirlpool + Elica) ● Apr-Dec’25 Revenue decline by ~1% TOPLINE GROWTH ○ Industry slow down with weak summers, recovery began in festive quarter Revenue YoY change ○ Market share improvement in washer, 5,853 Cr -1.0% growth in Aircon and Elica ○ Segment premiumization EB
Slide 32: Whirlpool
Whirlpool
Slide 33: Thank you
Thank you
Slide 34: Proven Track Record of Growth and Profitability
Proven Track Record of Growth and Profitability not updated Standalone Revenue from Operations (INR Cr) Revenue CAGR: ~12% until 19-20 +17.2% Standalone Profit Before Tax (PBT) PBT CAGR: +20% until 19-20 Impacted by +100.7% Covid, Cost, comp PostFY Post FY2019-2020 2019-2020impacted impactedbybyCOVID
Slide 35: Apr-Dec'25 (9M) Standalone (Whirlpool Of India)
Elica - other exp Apr-Dec’25 (9M) Standalone (Whirlpool Of India) Freight % 9 M People Cost ben ● Apr-Dec’25 Revenue declined by 1.6% DCM pu summa TOPLINE GROWTH ○ Industry slow down with weak summers, Exports : recovery began in festive quarter9 M - other expe Revenue YoY change ○ Market share impr
Slide 36: Cooking: Strong Performance and Opportunity
Cooking: Strong Performance and Opportunitynot updated ELICA INDIA* BUSINESS Strong Margin Driver Increased our ownership in Elica India from 87% to ~97% in 2023-24 9M 24-25 2024. Strong capabilities in local manufacturing, innovation, Revenue 8.5% 2.4% Growth % distribution & brand awareness Establ
Slide 37: 2023-24 Standalone Business Turns Around in H2
not Market 2023-24 Standalone Business Turns Around in H2 in Flattish updated Revenue Growth YoY% FY 2023-24 - A Tale of Two Halves - H1 impacted by price adjustments and regulatory cost - H2 driven by new products, executional excellence, cost productivity and market share gains - YOY Gross margin
Slide 38: Clear Turnaround of Business in 24-25 With Strong Profit Growth
Clear Turnaround of Business in 24-25 With Strong Profit Growth not updated Standalone Revenue from Operations Growth % Standalone Profit Before Tax* Abs Growth % vs LY Sustained MS Impacted by Covid, Cost Tale of two growth with Competition halves strong execution FY 1.9% FY 1.2% 37 *Profit before tax
Slide 39: Cost Productivity Programs Driving GM Improvement (Standalone)
Cost Productivity Programs Driving GM Improvement Hidden (Standalone) slide 38 Note: Gross Margin is calculated as Revenue from sale of products less cost of raw materials, components, purchase of traded goods and change in inventories.
Slide 40: Consistent Positive Cash Generation From Operations (Standalone)
Consistent Positive Cash Generation From Operations (Standalone) Step-up in working capital efficiencies driving cash flows in the recent years 39
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Whirlpool of India — Q3 FY2025-26 Earnings Presentation on 6ix