Whirlpool of India shares jumped 12.48% to hit an intraday high of ₹960 on Friday, September 25, 2026, continuing their upward momentum from previous sessions. According to The Economic Times, the stock was trading 7.9% higher at ₹923 per share during afternoon market hours, demonstrating sustained investor interest. The latest surge brings the stock's total gains to over 30% in just five trading sessions, significantly outperforming the broader market. Trading volumes crossed 28 million equity shares across NSE and BSE combined, resulting in high-volume gains during the market session. The stock had previously hit a 52-week high of ₹1,438.30 on October 31, 2025, and currently trades at ₹960 on Friday's intraday high.
On September 24, Whirlpool of India issued a comprehensive clarification to the stock exchanges following news reports regarding the potential promoter stake sale. According to The Economic Times, the company clarified that it is not a party to discussions or negotiations with Whirlpool Corporation, the promoter entity, about selling its stake in the company. The company stated that Whirlpool Corporation's intent to reduce its shareholding in the India company has been in the public domain since January 30, 2025, but Whirlpool of India had not participated in any discussions with prospective buyers. The company further clarified that it was informed by Whirlpool Corporation on September 22, after market hours, that Whirlpool Mauritius, the promoter of the company, continues to explore the sale of its shares to a third party as part of a control transaction. Whirlpool of India reiterated that it is not a party to the proposed transaction or any related negotiations and is not aware of whether any potential transaction would involve the promoter's entire shareholding or only a part of it, or the terms, price or stage of the discussions.
As reported by Mint, the latest communication from Whirlpool Mauritius, dated September 22, 2026 and received by Whirlpool of India's board at 7:17 pm IST after office hours, reiterated its intention to sell shares to a third party as part of a control transaction. The communication stated that the proposed sale was being explored with more than one potential counterparty. The list of potential buyers includes large investors as well as a major multinational consumer durables company, with the deal reportedly in final stages and an announcement expected in the coming weeks. However, the identity of the buyer, the final deal value and other terms have not yet been confirmed. According to the latest company filing, the most recent communication from Whirlpool Corporation addressed to the board of directors informed that the proposed sale is currently being explored with more than one potential counterparty as part of a control transaction.
According to Mint, Whirlpool Mauritius has been selling its stake in the Indian business since 2023. Its holding has fallen from around 75% to 39.76% over the past three years. The promoter sold an 11.24% stake last year, following the broader plan to reduce its exposure to the Indian business. In its latest filing, Whirlpool of India disclosed that Whirlpool Mauritius sold a 24% stake in February 2024 and then sold another 11.23% stake in November 2025. The company has also disclosed receiving information from Whirlpool Corporation regarding its intent to reduce shareholding, including the sale of approximately 1% of its shareholding in 2025, which was disclosed to the exchanges on November 28. The company took steps to amend various intercompany arrangements in the interest of the company, which was disclosed to the stock exchanges on October 16, 2025.
According to Mint, Whirlpool of India has a market capitalisation of ₹10,979 crore as of September 23, 2026, and is classified as a Small Cap company under SEBI classification. The stock's 52-week high and low are ₹1,438.30 and ₹706.30 respectively. The company's P/E ratio stands at 43.76 times, representing an 83% discount to its peers' median range of 257.54 times. Similarly, the P/B ratio is 2.63 times, which is a 45% discount to its peers' median range of 4.74 times. These valuation metrics suggest the stock is trading at a significant discount to industry peers despite the recent surge. The stock has risen 7.5% in the past month but is down 7.1% this year so far. Technical analyst Jigar S Patel from Anand Rathi Share and Stock Brokers Limited noted that WHIRLPOOL has rallied nearly 33% in just three sessions, making the stock look significantly stretched in the short term. He suggested that ₹900 is expected to act as the immediate support, followed by ₹880, while ₹969 is the immediate resistance, with ₹1,000 remaining the next major resistance zone.
Despite the promoter stake sale news, Whirlpool of India reported mixed financial results for the June quarter of FY27. As per regulatory filings, the company posted a 29.57% decline in consolidated net profit to ₹102.88 crore compared to ₹146.08 crore in the April-June quarter of the preceding fiscal year. However, the Indian subsidiary of the US-based Whirlpool Corporation logged a 12.1% rise in revenue from operations to ₹2,726.75 crore in Q1 FY27, compared to ₹2,432.32 crore in the year-ago period. The company's total expenses increased 16% to ₹2,656.89 crore in the June quarter, while total income was up 12.43% at ₹2,795.64 crore in Q1 FY27.
