26/3/2025, 12:48:02 pm

Promoter stake sale weighs on Whirlpool India

Whirlpool of India Ltd.'s stock has fallen sharply after its parent, Whirlpool Corporation, announced plans to reduce its stake from 51% to 20% by 2025. Despite this overhang, the company has seen a turnaround under CEO Narasimhan Eswar, with improved market share and margins. The stock now trades at under 30 times earnings, down from its historical average of 45 times.