Riding on sales growth, Whirlpool of India on Monday reported a 26 per cent jump in net profit to Rs 872.14 crore for the quarter ended June 2012.

The company, a subsidiary of Whirlpool Corporation, had posted a net profit of Rs 790.50 crore in the corresponding quarter last fiscal.

Whirlpool of India has seen a sales volume growth of more than 5 per cent during the quarter, the company said in a release.

Net sales jumped 10.33 per cent to Rs 872.14 crore (Rs 790.50 crore).

Arvind Uppal, Chairman and Managing Director, Whirlpool of India Ltd, said: "We continue to remain debt-free, generate healthy cash and plough this into investment behind improving product offerings.

"With new products on the anvil, and continued focus on cost-efficiency, we are cautiously optimistic of growing ahead of the market in the quarters to follow.”

(This article was published on August 6, 2012)
XThese are links to The Hindu Business Line suggested by Outbrain, which may or may not be relevant to the other content on this page. You can read Outbrain's privacy and cookie policy here.