The reports note that the company may defer the stake sale process if the expected valuation is not achieved
With Bain Capital dropping out of the race to acquire a controlling stake in Whirlpool of India, EQT is now the sole contender for the asset, as per media reports. The investment firm is negotiating at a lower valuation.
The reports added that Bain Capital dropped out due to the higher valuation ask by Whirlpool India and the company’s limited footprint in the segment. While the negotiation with EQT is ongoing and no decision has been taken yet, the reports noted that the company may defer the stake sale process if the expected valuation is not achieved.
From the 31 per cent stake sale transaction, the company is eyeing to raise net cash proceeds of USD 550 to 600 million, as per the reports. The US parent will retain a 20 per cent holding in the Indian unit post the stake sale, the process for which was initiated in April. Whirlpool Mauritius holds the equity in India.
Whirlpool of India has seen a 0.5 per cent uptick in its consolidated net profit on a year-on-year (YoY) basis in the first quarter of the current financial year (Q1FY26). The net profit rose marginally to Rs 146.08 crore in Q1FY26 from Rs 145.25 crore in Q1FY25.
The financial results of the company revealed that the revenue from operations dipped to Rs 2,432.32 crore in the recently concluded quarter from Rs 2,496.86 crore in the corresponding period of the previous fiscal year (Q1FY25). The earnings before interest, tax, depreciation and amortisation (EBITDA) was at Rs 211.1 crore, up by 0.1 per cent on a YoY basis.
