Whirlpool: Whirlpool reported strong Q4FY21 performance with topline, PBT growth of 31%, 39% YoY to | 1779 crore and | 173 crore respectively. While gross margin was under pressure due to higher input prices (down by 250 bps YoY), the same has been offset by savings in employee cost and other costs. As a result, EBITDA margin came in higher by 100 bps YoY to 11%. The PBT was higher by 39%, was mainly driven by higher sales and EBITDA margins. However, company reported a flattish bottomline at (| 130 crore) in Q4FY21 mainly due to lower other income and higher tax provisions. For FY21, topline and PBT recovery at 98%, ~70% (at ~| 5900 crore, | 469 crore respectively) was lower as compared to it’s peer.
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