Household Appliances industry
26 companies · ₹2.9 L cr · 18 with AI deep dives · Q1FY27 report
West Asia commodity shock squeezes margins despite record summer volumes; pass-through incomplete.
- Revenue YoY
- +17.4%
- EBITDA margin
- 7.2%
- +30bps YoY
- Price, 1 year
- -17.3%
- 12% of names up
- P/E vs own 5y
- -32.4%
- 38.8x now
Exhibit 1The quarter in numbers
constant panel of 18 companies above ₹500 cr- Jun 26
- 27,399 cr
- Mar 26
- 27,439 cr
- QoQ
- -0.1%
- Jun 25
- 23,331 cr
- YoY
- +17.4%
- Peak
- 27,439 cr
- vs peak
- -0.1%
- Jun 26
- 7.2%
- Mar 26
- 7.6%
- QoQ
- -40bps
- Jun 25
- 6.9%
- YoY
- +30bps
- Peak
- 8.5%
- vs peak
- -130bps
Breadth: 100% of 18 companies grew revenue year on year (was 78% a quarter earlier) and 72% expanded margin (was 50%).
Exhibit 2What it costs
33.91x - 62.98x across the panel todayThe median name trades at 38.8x, -32.4% against this industry's own 5-year median of 57.3x, and -41.9% against its own peak of 66.8x.
Exhibit 3Structure
₹2.9 L crLG Electronics India Ltd is 37.8% of this industry by market cap. The top 5 are 75.6% and the top 10 are 90.6%.
Exhibit 4Screen
P/E below the sub-industry median of 38.78x, 5y ROCE above its median of 12.01%, and at least 2 growth triggers stated on the latest earnings call.
Which names clear this screen is premium
The screen runs on stated growth triggers from the latest earnings calls - the same guidance data the stock screener reserves for premium. Premium names every company in this industry that is cheap against its own median and has the triggers behind it.
See plans →Exhibit 5Coverage (25 of 26)
Every company here with a deep dive, topped up by market cap. The rest of the industry is in the appendix.
- Mcap
- ₹24,402 cr
- P/E
- 256.4x
- EV/EBITDA
- 26.2x
- ROCE
- 7.6%
- Margin
- 7.7%
- Rev YoY
- +12.7%
- Mcap
- ₹14,411 cr
- P/E
- -
- EV/EBITDA
- -
- ROCE
- -0.9%
- Margin
- 1.9%
- Rev YoY
- +11.8%
- Mcap
- ₹1,030 cr
- P/E
- 21.6x
- EV/EBITDA
- -
- ROCE
- 16.6%
- Margin
- 9.1%
- Rev YoY
- +14.1%
- Mcap
- ₹19 cr
- P/E
- 8.7x
- EV/EBITDA
- 7.5x
- ROCE
- 8.3%
- Margin
- 2.7%
- Rev YoY
- +73.8%
Exhibit 6What managements said
from this industry's latest earnings calls · as of 2026-06-30Copper hit record prices, crude oil rose from USD 67 to USD 97/bbl YoY (Whirlpool), plastic resins jumped 40-50% and aluminium 40-45% (Elin), and the INR depreciated more than 10%…
- Whirlpool (Q1FY27): “crude oil prices, which similar time last year were operating at USD 67, are now…”
Exhibit 7Outlook
The outlook and what resolves next quarter
Where these managements said things are heading, and the dated, checkable events that would change it. Free with an account - 3 full reports a quarter.
Create a free account →AppendixThe other 1 companies
1-1- Mcap
- ₹11 cr
- P/E
- 2.9x
- EV/EBITDA
- 3.1x
- ROCE
- 6.1%
- Margin
- 13.5%
- Rev YoY
- -80.2%