According to the company, its business was robust as all categories and geographies showed continued momentum. However, the resurgence of the Covid crisis and inflationary pressure were observed during the quarter.
For the full year 2020-21, Whirlpool's net profit fell sharply. During the year, its PAT plunged 30 per cent to Rs 333.3 crore from Rs 476.3 crore in the previous year.
While its operating revenue slid marginally to Rs 5,900 crore from Rs 5,993 crore. However, rising expenses impacted its margins heavily. In spite of lower sales, its cost of raw mererials and total expenses grew.
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