The company plans to raise Rs. 500 crores-Rs. 600 crores via the initial public offering; it has appointed Edelweiss Securities and IDFC Bank as merchant bankers for the share sale process
During the quarter, EBITDA is seen up 18 percent at Rs 176 crore versus Rs 150 crore while EBITDA margin may come in at 14.1 percent versus 13.6 percent year-on-year.
The home appliance maker is eyeing to become market leader in 2017. As profitability has improved, Whirlpool is focusing now on volumes and gaining market share in economic segment also by launching various prouducts in categories like semi-automatic washing machine etc, which would drive revenue without compromising on profitability.
Consumer durables maker Godrej Appliances, a part of Godrej & Boyce Mfg Co expects its sales to grow around 25 percent year-on-year in 2013-14 (April-March), a top company official said on Monday.