Whirlpool India’s US-based parent company, Whirlpool Corporation, has announced to significantly reduce its stake to 20% from 51% in the second half of 2025. The company stated it will continue to support its India operations with brand license, technology contracts and transition commitments.
Despite the stake sale, the US-based parent company is expected to remain the largest shareholder, the home appliances maker said in a statement on Thursday. The company hasn’t disclosed the details of the stake sale yet.
“...Whirlpool Corporation announced its intention to sell down its ownership interest in Whirlpool of India Ltd. (Whirlpool India) to approximately 20% by mid to late 2025, by way of one or more market sales ‘Anticipated Sell-Down',” said the holding company, according to Whirlpool India’s filing on NSE. “We intend the anticipated sell-down to result in increased autonomy for Whirlpool India to adjust to ever-evolving industry conditions,” the company added.
This is the second time the multinational home appliance maker will be decreasing its stake in its Indian subsidiary. Last year, the US-based company sold a 24 % stake in its Indian arm via block deals as a measure to reduce debt.
“In line with Whirlpool Corporation’s announcement in November 2023 to dilute up to 24% stake in Whirlpool India,” the US appliance maker told the Business Standard via an email.
The announcement by the US appliance giant comes at a time when its India business is delivering strong performance. The company reported a 40.13 % rise in its consolidated net profit to Rs 53.53 crore in Q2 FY25 from Rs 38.20 crore in Q2 FY24, driven by volume growth.
Its revenue from operations rose by 12.58% to Rs 1,713 crore in Q2 FY25 from Rs 1,521.56 crore in Q2 FY24.
“Revenue growth was driven by strong volume share growth in Refrigerators and Washers compared to last year as well as more premium product mix driving value growth,” said Whirlpool India in a statement.
Whirlpool Corporation entered the Indian market in the late 1980s as a part of its global expansion strategy and soon became a household name in India with its products ranging from major home appliance products like washing machines, refrigerators, and air conditioners.
