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Last Updated : Mar 01, 2017 10:49 AM IST | Source:

Accumulate Whirlpool; target of Rs 1142: Geojit Research

Geojit Research has recommended accumulate rating on Whirlpool with a target price of Rs 1142 in its research report dated February 28, 2017.

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Geojit Research's research report on Whirlpool

Revenues of Whirlpool grew by just 1% YoY in Q3FY17 as November & December sales were impacted in both the product categories (refrigerators and air conditioners (ACs) due to demonetisation headwinds. Notably, refrigerators and ACs account for 72% of the company’s sales.


However, rising input costs, increasing competitive intensity across categories & sustained recovery in demand remain the key monitorables. We assign ‘ACCUMULATE’ rating with a TP of Rs 1,142 based on 33x FY19E PE.

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First Published on Mar 1, 2017 10:49 am
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