Whirlpool of India share price crashes 12% amid block deal reports; promoter likely seller. Check details

Shares of Whirlpool of India plunged nearly 12% to ₹1,056.90 per share on the NSE in Thursday's trading session amid a likely block deal wherein the promoter is reported to have offloaded over 11% stake in the company.

According to a CNBC TV18 report, 1.5 crore shares of Whirlpool of India, representing 11.8% equity, changed hands in early trade today.

The consumer durables stock has been under pressure lately. The stock has declined over 23% in a month and nearly 15% in six months. In terms of year-to-date performance, Whirlpool of India share price has plunged 41% during this period.

What's behind the plunge?

The business news channel on Wednesday said that Whirlpool of India promoter plans to offload 95 lakh shares—about 7.5% of the company—via block deals.

The shares are priced at a floor value of ₹1,030 each, which is 14% lower than the current market price. Sources estimated the total transaction value at around ₹965 crore.

Following the sale, the promoter will be under a 90-day lock-up period, restricting any additional share sales during that time.

Whirlpool of India is primarily owned by Whirlpool Mauritius, a unit of the US-based Whirlpool Corporation. Over the past two years, the parent company has been gradually trimming its stake in the Indian arm as part of a broader capital reallocation strategy.

The promoters’ holding, which was roughly 75% in late 2023, has dropped to nearly 51% after multiple sizable on-market and block deals carried out through 2024 and 2025, according to reports.

Whirlpool of India Q2 results 2025

Whirlpool of India Ltd posted a 20.6% year-on-year drop in net profit, coming in at ₹41 crore for the quarter ended September 2025, down from ₹52 crore a year earlier. Quarterly revenue also slipped 3.8% to ₹1,647 crore compared with ₹1,713 crore in the same period last year.

EBITDA declined 33.8% YoY to ₹57.6 crore from ₹87 crore, while the EBITDA margin narrowed to 3.5% versus 5% in the corresponding quarter of the previous year.

“The marginal decrease in revenue was mainly due to a declining refrigerator industry growth in the quarter and some impact on market shares driven by extraordinary competitive pricing and promotions. We continued to make strong progress on our focus areas of driving premiumisation, executional excellence and cost productivity in the face of a weak macroeconomic environment for the industry ahead of the GST 2.0 changes in end Sep’25,” the company said in its Q2 results FY26 release.

Disclaimer: This story is for educational purposes only. Please consult with an investment advisor before making any investment decisions.