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ā¢ Brokerages have trimmed earnings per share (EPS) estimates of Whirlpool India for FY24-26E due to near-term soft demand trends and rising competition.
ā¢ The company's total revenue declined by 5.6 percent in Q2FY24, leading to a 22 percent decrease in consolidated profit-after-tax (PAT).
ā¢ Despite near-term demand headwinds, analysts believe that Whirlpool India's strong parentage and recent actions will bode well for the company in the future.