Consumer durables firm Whirlpool of India on Friday reported over two-fold increase in net profit at Rs 40.72 crore for the quarter ended 30 September, 2014 on volume growth and increased margins in sales of premium products.
The company had posted a net profit of Rs 16.54 crore for the same period of previous fiscal. Net sales stood at Rs 709.14 crore for the quarter under review, up 20.91 per cent from Rs 586.48 crore in the same period last year, Whirlpool said.
Whirlpool of India Vice-President Corporate Affairs and Strategy Asia South Shantanu Dasgupta said, 'The growth in profit has come from three factors —increase in volume of sales, benefit of pricing and better margins from increased sales of premium products.'
The company had posted a net profit of Rs 16.54 crore for the same period of previous fiscal. Net sales stood at Rs 709.14 crore for the quarter under review, up 20.91 per cent from Rs 586.48 crore in the same period last year, Whirlpool said.
Whirlpool of India Vice-President Corporate Affairs and Strategy Asia South Shantanu Dasgupta said, 'The growth in profit has come from three factors —increase in volume of sales, benefit of pricing and better margins from increased sales of premium products.'