Home appliance maker Whirlpool of India reported a 51% jump in third-quarter profit, on strong demand for its products during the festive season.

(Reuters) -Home appliances maker Whirlpool of India said on Thursday its parent Whirlpool Corp intends to reduce its stake in ...

Whirlpool of India Ltd reported a 48.78% rise in net profit to Rs 44.53 crore for Q3 2024, attributed to strategic pricing and effective execution. Revenue increased 11% to Rs 1,704.85 crore. Despite ...

sending Whirlpool of India's shares plunging an exchange-allowed maximum of 20% to a near ten-month low on Thursday. The U.S.-listed home appliance maker, which currently has a 51% stake in the ...

The company also said it intends to reduce its stake in Whirlpool of India to ~20% in 2025 through a sale.

(Reuters) -Whirlpool Corp said it would more than halve its stake in its Indian unit to about 20%, sending Whirlpool of India's shares plunging an exchange-allowed maximum of 20% to a near ten-month ...