Home appliances company Whirlpool of India posted a net profit of ₹83 crore for the quarter ended June 30, up 67 per cent from ₹49.6 crore in the corresponding quarter in the previous fiscal. Revenues grew by 19 per cent to ₹1,052 crore.
Arvind Uppal, Chairman and Managing Director, Whirlpool of India Ltd, and President South Asia and Asia-Pacific, Whirlpool Corporation said, “We have delivered a strong operating performance, which combined with an improvement in consumer demand has resulted in a significant increase in our operating profits. We remain optimistic about our performance in the future.”
The company said it is on track to introduce over 200 new models in 2014 across categories. The focus on enlarging the category footprint by aggressively expanding its range of high-end, built-in kitchen appliances, including refrigerators, ovens, dishwashers and coffee makers, and its water purifier business continued, the company said in a statement.