Whirlpool Air Conditioners

Expect weak demand in next two quarters: Whirlpool

Shantanu Dasgupta: I can repeat the whole piece about interest rates leading to consumer prices going up, inflationary trends and so on. But for our industry and our business, this quarter gone by is extremely important for two of the largest categories, which is air-conditioners and refrigerators. We have had an extremely brief and mild summer and that has taken its toll on the top line.

Shantanu Dasgupta: Things have been soft. The demand side has been extremely soft for the last 2-3 quarters. We do not see an immediate turnaround in this scenario. The coming quarter or the quarter we are in in any case is very soft for appliance sales in general. It tends to pick up during Diwali but we do not see demand suddenly picking up. It is still going to be extremely modest as compared to sort of last year. The only good thing is that the inflationary trends on commodities, on raw materials seems to be plateauing out. So that's one pressure that we expect will moderate or taper off in the coming months but on the demand side, it will still take some time.

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