Results: Whirlpool of India Limited Exceeded Expectations And The Consensus Has Updated Its Estimates
Last week, you might have seen that Whirlpool of India Limited (NSE:WHIRLPOOL) released its quarterly result to the market. The early response was not positive, with shares down 4.2% to ₹1,384 in the past week. It looks to have been a decent result overall - while revenue fell marginally short of analyst estimates at ₹24b, statutory earnings beat expectations by a notable 21%, coming in at ₹11.49 per share. This is an important time for investors, as they can track a company's performance in its report, look at what experts are forecasting for next year, and see if there has been any change to expectations for the business. With this in mind, we've gathered the latest statutory forecasts to see what the analysts are expecting for next year.
After the latest results, the eleven analysts covering Whirlpool of India are now predicting revenues of ₹85.4b in 2026. If met, this would reflect a notable 8.8% improvement in revenue compared to the last 12 months. Per-share earnings are expected to shoot up 22% to ₹34.64. Yet prior to the latest earnings, the analysts had been anticipated revenues of ₹87.9b and earnings per share (EPS) of ₹32.48 in 2026. So it's pretty clear that while sentiment around revenues has declined following the latest results, the analysts are now more bullish on the company's earnings power.
View our latest analysis for Whirlpool of India
There's been a 5.4% lift in the price target to ₹1,482, with the analysts signalling that the higher earnings forecasts are more relevant to the business than the weaker revenue estimates. It could also be instructive to look at the range of analyst estimates, to evaluate how different the outlier opinions are from the mean. There are some variant perceptions on Whirlpool of India, with the most bullish analyst valuing it at ₹2,112 and the most bearish at ₹1,106 per share. This is a fairly broad spread of estimates, suggesting that analysts are forecasting a wide range of possible outcomes for the business.
These estimates are interesting, but it can be useful to paint some more broad strokes when seeing how forecasts compare, both to the Whirlpool of India's past performance and to peers in the same industry. The analysts are definitely expecting Whirlpool of India's growth to accelerate, with the forecast 12% annualised growth to the end of 2026 ranking favourably alongside historical growth of 7.2% per annum over the past five years. Compare this with other companies in the same industry, which are forecast to see revenue growth of 16% annually. So it's clear that despite the acceleration in growth, Whirlpool of India is expected to grow meaningfully slower than the industry average.
The Bottom Line
The biggest takeaway for us is the consensus earnings per share upgrade, which suggests a clear improvement in sentiment around Whirlpool of India's earnings potential next year. Unfortunately, they also downgraded their revenue estimates, and our data indicates underperformance compared to the wider industry. Even so, earnings per share are more important to the intrinsic value of the business. Still, earnings are more important to the intrinsic value of the business. There was also a nice increase in the price target, with the analysts clearly feeling that the intrinsic value of the business is improving.
Keeping that in mind, we still think that the longer term trajectory of the business is much more important for investors to consider. At Simply Wall St, we have a full range of analyst estimates for Whirlpool of India going out to 2028, and you can see them free on our platform here..
You can also see our analysis of Whirlpool of India's Board and CEO remuneration and experience, and whether company insiders have been buying stock.
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.