ICICI Securities trims Whirlpool of India; target raised to Rs 730
ICICI Securities released a research note on Whirlpool of India, highlighting FY26 performance metrics including revenue growth of 1.4% YoY and valuation at 48x P/E on FY26 core business earnings (excluding cash and tax-adjusted other income).
ICICI Securities research report on Whirlpool of IndiaTakeaways: (1) Other income to PBT was ~47% in FY26.
The valuation multiple (P/E) based on core business earnings, i.e., excluding cash and tax-adjusted other income, stood at 48x on FY26 earnings. (2) Revenue grew 1.4% YoY in FY26; however, EBI…