Sales momentum in white goods continues: Voltas, Whirlpool

Written By Unknown on Rabu, 22 Oktober 2014 | 15.46

The sales in the run-up to this Diwali has been the highest in the last few years, says Shantanu Dasgupta, Vice President, Corporate Affairs & Strategy, Whirlpool . In an interview to CNBC-TV18's Latha Venkatesh and Sonia Shenoy, Dasgupta said Onam sales were marginally below expectations, but that has been more than offset by the current rush of buyers. He said large towns and large format stores accounted for bulk of the growth, adding that proportion of first time buyers continued to be small. On the issue of stiff competition from e-tailers, Dasgupta said 95 percent of white goods sales were still happening through traditional brick and mortar stores.

Speaking in the same discussion, Pradeep Bakshi of  Voltas said the momentum in sales seen during the June quarter has continued in the September quarter as well. In the air conditioners segment, Voltas has grown by over 20 percent, Bakshi said.

Whirlpool stock price

On October 22, 2014, at 14:10 hrs Whirlpool of India. was quoting at Rs 423.25, up Rs 3.60, or 0.86 percent. The 52-week high of the share was Rs 504.80 and the 52-week low was Rs 153.55.


The company's trailing 12-month (TTM) EPS was at Rs 12.32 per share as per the quarter ended March 2014. The stock's price-to-earnings (P/E) ratio was 34.35. The latest book value of the company is Rs 58.33 per share. At current value, the price-to-book value of the company is 7.26.


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