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We are looking at a strong double digit for FY18 and we continue to focus on growing double digit quarter-on-quarter and year-on-year basis, Kapil Agarwal, Vice President-Marketing of Whirlpool Corporation said.
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In an interview to CNBC-TV18, Vikas Gupta, ED of PG Electroplast spoke about the latest happenings in his company and sector.
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In an interview to CNBC-TV18, Sunil D'Souza, Managing Director of Whirlpool India, spoke about the results and his outlook for the company.
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Few companies are impacted with regards to the discounts which have been raining on white goods. CNBC-TV18 spoke to Blue Star and Vijay Sales and they spoke about how secondary sales have shot up in the month of June. In an interview to CNBC-TV18, Sunil D'souza, Managing Director of Whirlpool of India spoke about what exactly the experience has been at Whirlpool.
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"We are right now focused on three big categories for expansion. Air-treatment, water purification and cooking led by built-in. Air treatment is one of our big categories. Right now, we have got enough space to play in air-purifiers and air-conditioners, we are focused on that", Sunil D'souza, MD, Whirlpool of India told CNBC-TV18.
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"We are targeting double digit volume growth in January-March quarter", Sunil D'souza, MD of Whirlpool of India told CNBC-TV18.
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"The worst of demonetisation that we saw was in Q4 of last year. That is behind us. Consumer sentiment is impacted and hopefully in the next three-six months demand will begin to come back", Kapil Agarwal, Vice President of Whirlpool Corporation told CNBC-TV18.
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Not at all worried about the demonetisation impact and believes the industry has the potential to grow by 15% in the calendar-year 2017, said B Thiagarajan, Joint MD, Blue Star.
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While good monsoon will push rural growth, implementation of Pay Commission will aid urban growth, says Sunil D‘Souza, MD of Whirlpool.
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India is a low penetration market, but a highly seasonal one, hence, an uptick in AC & refrigerator sales is expected for the ongoing quarter, says Sunil D'Souza, Managing Director of Whirlpool India.
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Whirlpool posted a 48.4 percent rise in its third quarter net profit led by strong operational performance. Total income of home appliance company grew 7.2 percent to Rs 721 crore in the quarter ended December 2014 from Rs 673 crore in the year-ago period
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Shantanu Dasgupta, vice president-corporate affairs and strategy-Asia South, Whirlpool, says the demand hasn‘t been as good as the kind seen in 2010, but in comparison to 2012 levels, there has been a slight pickup.
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Orient Papers' debt currently stands at Rs 220 crore but is declining slowly and gradually, adds Pachisia.
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The consumer durables firm reported a 67.37 percent increase in its standalone net profit at Rs 83 crore for the first quarter ended June 30, on robust operating margins.
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Commenting on their strong Q3, Shantanu Dasgupta of Whirlpool said in terms of revenue the results came from some mixed improvements of what we sold, and because of some cost control measures taken by the company.
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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.
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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.
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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.
