Whirlpool of India shares tumble nearly 12% amid promoter stake sale buzz

Post this sale, the promoter will be subject to a 90-day lock-up period during which no further shares can be sold, the report added.

A quick recap of what happened in January 2025

It must be noted that in January 2025, shares of the company crashed amid news that the American home appliances major Whirlpool Corporation was planning to trim its stake in the Indian arm to approximately 20% by mid- to late 2025.

Whirlpool Corporation plans to trim its stake in its Indian arm, Whirlpool of India Ltd, to approximately 20% by mid- to late 2025, according to a regulatory filing by the company.

Earlier in February 2024, Whirlpool Corporation offloaded 24% of its stake in Whirlpool of India Ltd in a block deal, raising approximately $468 million.

"Whirlpool Corporation, which currently holds a 51% ownership interest in Whirlpool of India, expects to remain the largest shareholder following completion of the anticipated sell-down," the company said in an earnings release shared on stock exchanges by the Indian arm.

"As part of its fourth-quarter earnings release, Whirlpool Corporation announced its intention to sell down its ownership interest in Whirlpool of India Ltd (Whirlpool India) to approximately 20 per cent by mid- to late 2025, by way of one or more market sales (anticipated sell-down)," Whirlpool Corporation Executive Vice President, Chief Financial and Administrative Officer, and President, Whirlpool Asia, James Peters said in January.

Whirlpool India Q2 FY26 Results

Consumer durables maker Whirlpool of India reported a decline of 21.9% in consolidated net profit at ₹41.80 crore for the September quarter of FY'26.

The company had posted a net profit of ₹53.53 crore during the July-September quarter of the previous fiscal, according to a regulatory filing by Whirlpool of India, a subsidiary of US-based Whirlpool Corporation.

Its revenue from operations was down 3.83% to ₹1,647.27 crore in the September quarter of FY'26. It was at ₹1,712.99 crore in the corresponding period of the previous fiscal.

Whirlpool of India's total expenses were at ₹1,649.51 crore in the September quarter, down 2.33%.

Its total income, including other income, stood at ₹1,697.10 crore, down 3.7% in the September quarter.