Whirlpool Corporation had seen a heady 30-40 percent increase in sales in 2009 and 2010 diwali. This year their expectation is muted as consumer sentiment remain weak.
Whirlpool reported a standalone sales turnover of Rs 626.85 crore and a net profit of Rs 24.75 crore for the quarter ended Mar 2013. Other income for the quarter was Rs 4.58 crore.
Shantanu Dasgupta, vice-president, corporate affairs and strategy, South Asia, Whirlpool explains to CNBC-TV18 that the company will beat the slowdown in the market with innovation and tight control on cost.