Whirlpool of India Limited CC-Jun24.pdf · 2024-08-01
Ya, Hi Team, Congratulations for great set of numbers. Sir, my question is on the gross margin, particularly for the June quarter which we saw, it is seasonally strong for refrigerator, but we are seeing seasonally slightly lower than what we see for the rest of the nine months. So, is refrigerator a lower margin business versus washer on a relative basis, if yes then why. (B), how should we think when it comes to the full year gross margins after all the price corrections that we have taken, vendor negotiations are getting initiated. So, where should we end gross margins for the full year and on the P4G program, if you can talk, if there are additional savings left below gross margin, which is freight, employment, employee cost or advertisements, is there anything that we should think, we should approve in this year below gross margin as a savings. That's on my side first question?
Perfect-Perfect. Coming to the season, which is for the washers. If you can elaborate overall strategy for the season, which has already started, how do you see industry growth panning out, given the strong monsoons and we are slightly weak on the front load side as far as the old category goes. So, how are we bridging the overall portfolio, making the overall portfolio ready to gain the maximum out of the current ongoing season and if you can also elaborate on this washer as a category which has seen a solid competition coming up from the entry level peers like Voltas, Beko, how is the overall competitive intensity panning out for you, particularly for the washers. Thank you.