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Whirlpool of India Limited has secured a significant legal victory in its ongoing transfer pricing dispute. The Supreme Court of India ruled in favor of the company, overturning disallowances of advertising, marketing, and sales promotion expenses for the 2008-09 assessment year. The disputed amount was INR 1,514 crores, a decision that could positively influence the company’s financial obligations in future cases.
This ruling sets a critical precedent for Whirlpool of India in resolving similar issues for subsequent years. The company, which continues to appeal other disallowances for different assessment years, is closely monitoring the case’s implications on its financial and operational strategies.
As a major player in India’s home appliance market, Whirlpool manufactures and markets a wide array of products, including refrigerators, washing machines, air conditioners, and kitchen appliances. Despite the positive legal outcome, the company is facing a challenging year, with a Year-to-Date (YTD) price performance of -45.59%.
YTD Price Performance: -45.59%
Average Trading Volume: 21,411
Market Cap: 125.3B INR
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