Whirlpool India profit up 49%

Whirlpool of India posted a net profit of ₹31.5 crore — up 48.6 per cent for the quarter ended December 31, 2014, compared with the corresponding quarter the previous year. Total income grew 7.2 per cent to ₹721.4 crore. In a statement, Arvind Uppal, Chairman, Whirlpool of India Ltd and President, Asia-Pacific, Whirlpool Corporation, said: “Improved product mix and cost productivity helped offset the softness in demand post-Diwali. The drop in raw material prices augurs well for the industry and we remain optimistic about the future.”