LG Electronics India Limited (LGEINDIA)
₹1,720.00 -0.70% last close, 16 Oct
Latest quarterly results (Q1 FY27)
In its latest reported quarter, Q1 FY27, LG Electronics' revenue was ₹7,233 Cr (+15.5% year on year, -10.2% on the previous quarter), and net profit ₹653 Cr (+27.3% year on year); the operating margin was 12.5%.
| Q1 FY27 (₹ Cr) | Value | YoY vs Q1 FY26 | QoQ |
|---|---|---|---|
| Revenue | ₹7,233 | +15.5% | -10.2% |
| Operating profit | ₹904 | +26.3% | -4.3% |
| Net profit | ₹653 | +27.3% | -5.8% |
| EPS (₹) | 9.62 | +27.2% | -5.8% |
| Operating margin | 12.5% | — | — |
LGEINDIA delivery percentage
NSE end-of-day data for
On Fri, 16 Oct 2026, 46.57% of the LGEINDIA shares traded on NSE were taken to delivery, against the stock's own 20-session average of 57.4%. That is lower than usual for this stock. Volume was 0.3 times its average, well below normal.
Delivery in the last 5 sessions: 55.2% · 51.0% · 54.4% · 47.1% · 46.6%
A description of what the exchange published, not a recommendation. Names such as "accumulation" or "long buildup" label a pattern in the numbers. How delivery is analysed
📢 Recent Corporate Announcements
LG Electronics India announced its nationwide festive marketing campaign, 'Celebration of Trust,' valid until November 15, 2026. The promotion includes consumer incentives such as cashback of up to 26% (capped at ₹30,000), fixed EMIs starting at ₹888, zero down payment schemes, and extended warranties. Given LG's FY26 revenue of ₹24,605 Cr, seasonal promotional pushes are standard operational practice to drive Q3 sales volumes in consumer durables.
- Up to 26% cashback on select cards, capped at ₹30,000 on select models
- Fixed EMI starting from ₹888 onwards alongside zero down payment options
- Bundled free mini refrigerator worth up to ₹14,190 with select side-by-side refrigerators
- Promotion runs until November 15, 2026 across retail outlets and LG's website
LG Electronics India Limited has received a Show Cause Notice (SCN) dated September 22, 2026, from the Commissioner of Customs (Nhava Sheva) following an investigation by the Directorate of Revenue Intelligence (DRI). The notice proposes a recovery of customs duty amounting to ₹153.58 crore alleging non-inclusion of royalty payments in the assessable value of imported goods. While the demand is noticeable, it represents approximately 8.4% of TTM PAT (₹1,825 crore) and 0.6% of TTM revenue (₹25,575 crore). No penalty has been imposed at this stage, and the company plans to contest the notice.
- Proposed recovery of customs duty amounting to Rs. 153,57,67,711/- (approx. ₹153.58 cr)
- SCN issued by Commissioner of Customs (NS-V), Nhava Sheva pursuant to a DRI investigation
- Demand constitutes ~8.4% of TTM PAT (₹1,825 cr) and ~0.6% of TTM revenue (₹25,575 cr)
- No penalty or operational restrictions imposed at this stage; company preparing response within timeline
LG Electronics India announced the launch of a new range of semi-automatic washing machines featuring 15 models with capacities between 8 kg and 12 kg. The models are manufactured at the company's Greater Noida Industry 5.0 smart facility. Furthermore, the company plans to begin exports of the AX Semi-Automatic range to over 10 countries starting in 2027. While reinforcing LG's market leadership in washing machines, the release does not disclose pricing or direct revenue expectations.
- Launched 15 new semi-automatic washing machine models
- Capacities range from 8 kg to 12 kg across the new lineup
- Exports scheduled to begin in 2027 targeting over 10 countries globally
- Production localized at the Greater Noida Industry 5.0-centric facility
LG Electronics India announced that it has received dual awards at the 25th Asia Pacific HRM Congress Awards 2026 in Bengaluru. The company was recognized among the Top Organizations with Innovative HR Practices, while Chief Human Resources Officer Jwa Nam Kim was conferred the Most Impactful HR Leader Award. This announcement is purely a corporate brand recognition and has zero financial or operational impact on the company's TTM revenue of Rs 25,575 crore.
- Honoured at the 25th Asia Pacific HRM Congress Awards 2026 held in Bengaluru
- Recognised among Top Organizations with Innovative HR Practices across leadership and culture initiatives
- CHO Jwa Nam Kim conferred with the Most Impactful HR Leader Award
- Company was previously Great Place to Work Certified for 2 consecutive years (2024 and 2025)
LG Electronics India announced its entry into the commercial chest freezer segment with the launch of six convertible models across PRO and PLUS series. The portfolio spans four gross capacities ranging from 102L to 530L, with prices starting from INR 28,990 up to INR 62,990. The product range is targeted at retail, HoReCa, dairy, pharmaceutical, and residential cold-storage use cases, offering BEE 3-star to 5-star energy ratings. This expands LG's addressable refrigeration market and supports its strategic focus on scaling commercial and B2B appliance revenue.
- Portfolio of 6 models across 4 gross capacities: 102L, 205L, 315L, and 530L
- Pricing starts at INR 28,990 (102L PRO) up to INR 62,990 (530L PRO)
- Wide operating temperature range of -31°C to +10°C on PRO models with convertible chill/freeze operation
- BEE 5-star ratings on select 315L and 530L PRO models with up to 100mm insulation
LG Electronics India Limited has announced its schedule for analyst and institutional investor interactions across the UK and Hong Kong from September 15 to September 23, 2026. The engagements include meetings hosted by HSBC in London (Sept 15-17), CITIC CLSA's 33rd Investors' Forum in Hong Kong (Sept 21-22), and Bank of America's 2026 Asia Pacific Conference in Hong Kong (Sept 23). The meetings will feature both group and one-on-one sessions, discussing only publicly available information without sharing any UPSI.
- London roadshow organized by HSBC Securities scheduled from 15.09.2026 to 17.09.2026 starting at 10:00 AM BST
- Participation in the 33rd CITIC CLSA Investors' Forum in Hong Kong on 21.09.2026 and 22.09.2026
- Attending BofA's 2026 Asia Pacific Conference in Hong Kong on 23.09.2026
- Format includes both group and one-on-one sessions across all scheduled events
LG Electronics India Limited has disclosed that Mr. Yoojae Kim ceased to be a Senior Management Personnel effective August 12, 2026. Mr. Kim served as the Media Solution Information Display (MS ID) B2B Biz Department Leader and has relocated back to Korea. The company noted that the filing on September 03, 2026, was delayed due to an inadvertent oversight.
- Cessation of Mr. Yoojae Kim as Senior Management Personnel effective August 12, 2026
- Department: Media Solution Information Display (MS ID) B2B Biz Department Leader
- Reason for cessation: Relocated / moved back to Korea
- Filing submitted on September 03, 2026, with an unintentional delay noted
LG Electronics India Limited has declared the voting results and Scrutinizer's Report for its 29th Annual General Meeting held on August 21, 2026. All five ordinary resolutions, including the adoption of FY26 financial statements and appointment of Deloitte Haskins & Sells Chartered Accountants LLP as statutory auditors, were approved with requisite majority. Total voter turnout stood at 94.94% of outstanding shares (64.44 cr votes polled out of 67.88 cr total shares). Re-appointment of Director Mr. Hong Ju Jeon was approved with 98.38% votes in favor.
- All 5 ordinary resolutions passed with requisite majority at the 29th AGM held on August 21, 2026.
- Total voter turnout reached 94.94% with 64,44,34,292 votes polled across 67,87,72,392 total outstanding shares.
- Re-appointment of Director Mr. Hong Ju Jeon approved with 98.38% assent (63,39,92,602 votes in favor vs 1,04,41,688 against).
- Appointment of Deloitte Haskins & Sells LLP as Statutory Auditors approved with 99.9997% assent (64,44,32,180 votes in favor).
LG Electronics India Limited conducted its 29th Annual General Meeting (AGM) on August 21, 2026, via video conferencing, with 161 shareholders in attendance. Key agenda items put to vote included the adoption of audited FY26 financial statements, the re-appointment of Director Mr. Hong Ju Jeon, and the appointment of M/s Deloitte Haskins & Sells Chartered Accountants LLP as statutory auditors. Remote e-voting took place from August 18 to August 20, 2026, alongside insta-poll voting during the meeting. Consolidated scrutinizer voting results will be submitted separately to exchanges.
- 29th Annual General Meeting conducted on August 21, 2026, with 161 shareholders present virtually.
- Proposed appointment of M/s Deloitte Haskins & Sells Chartered Accountants LLP as Statutory Auditors.
- Tabled re-appointment of Director Mr. Hong Ju Jeon (DIN: 10041232), who retired by rotation.
- Remote e-voting held between August 18, 2026 (09:00 AM IST) and August 20, 2026 (05:00 PM IST).
LG Electronics India reported a 15.5% YoY growth in Q1 FY27 revenue from operations to ₹7,233 crore (INR 72.33 billion), up from ₹6,263 crore in Q1 FY26. EBITDA grew 26.2% YoY to ₹904 crore with EBITDA margin expanding by 110 bps to 12.5%, driven by a premium product mix, calibrated price hikes, and operating leverage. The company reiterated its ₹5,000 crore capex plan for the Sri City plant funded fully via internal accruals, with compressor production scheduled for Q3 FY27 and room ACs in Q4 FY27. Management also highlighted that its entry-level Essential series crossed 500,000 unit sales in H1 CY2026 and exports expanded to 61 countries.
- Q1 FY27 revenue rose 15.5% YoY to ₹7,233 crore (INR 72.33 billion) with double-digit growth across all major categories
- EBITDA increased 26.2% YoY to ₹904 crore, with margin improving 110 bps YoY to 12.5%
- Reaffirmed ₹5,000 crore capex in Sri City plant (~19.5% of TTM revenue) to double capacity, funded without external debt
- Essential series achieved over 500,000 unit sales between January and June
- Sri City compressor production to commence in Q3 FY27 and room ACs in Q4 FY27
LG Electronics India announced that it received 10 product awards at the DIGIT India's Top Appliance Awards 2026 across major consumer categories. Winning categories include split air conditioners, French door and single door refrigerators, front-load washing machines, OLED TVs, dishwashers, and microwave ovens. The awards evaluated nominated products against a matrix of over 150 technical laboratory testing parameters. This disclosure is a brand and marketing update and carries no immediate material financial impact on the company's ₹25,575 crore TTM revenue base.
- Won awards across 10 product categories including ACs, refrigerators, washing machines, and OLED TVs
- Products were evaluated against a benchmark matrix of over 150 technical parameters in laboratory testing
- The awards covered 36+ appliance categories evaluated by an independent expert jury panel
- Award platform reaches an audience of over 40 million consumers monthly across digital, video, print, and social platforms
LG Electronics India Limited has submitted the web link to the audio recording of its earnings call conducted on August 14, 2026. The call discussed the un-audited financial results for the quarter ended June 30, 2026 (Q1 FY27). In Q1 FY27, the company reported a revenue of Rs 7,233.35 crore and a net profit of Rs 652.86 crore. This submission is a standard regulatory compliance under SEBI Listing Regulations.
- Earnings call held on August 14, 2026, post Q1 FY27 financial results.
- Audio recording hosted on the company's official website per SEBI LODR requirements.
- Pertains to un-audited financial results for the quarter ended June 30, 2026.
LG Electronics India reported a strong start to FY27 with revenue growing 15.5% YoY to ₹7,233 Cr, driven by premium demand and peak summer sales. Profitability significantly outpaced revenue growth, with PAT rising 27.2% to ₹653 Cr and EBITDA margins expanding 106 bps to 12.5%. The Home Entertainment segment was a standout, with revenue up 22.3% and EBIT margins expanding 336 bps to 19.0%. Management highlighted a structural shift toward premium products and noted that every category contributed to growth.
- Revenue from operations grew 15.5% YoY to ₹72.33 billion (₹7,233 Cr) in Q1 FY27
- Profit After Tax (PAT) increased 27.2% YoY to ₹6.53 billion (₹653 Cr)
- EBITDA margin expanded by 106 basis points to reach 12.5% for the quarter
- Home Entertainment segment revenue grew 22.3% to ₹16.57 billion with EBIT margins at 19.0%
- Home Appliances & Air Solution revenue grew 13.6% to ₹55.77 billion driven by summer demand
LG Electronics India delivered a strong Q1 FY27 performance with revenue from operations reaching ₹7,233 Cr, a 15.5% YoY increase. EBITDA margins expanded by 106 bps to 12.5%, driven by operating leverage and a shift toward premium products like OLED TVs and large-capacity refrigerators. Profit After Tax (PAT) grew to ₹653 Cr, up from ₹513 Cr in the year-ago period. The company maintained its FY27 guidance of mid-teen revenue growth and early double-digit EBITDA margins, supported by its 'Make in India' export strategy.
- Consolidated Revenue from Operations grew 15.5% YoY to ₹7,233 Cr in Q1 FY27.
- EBITDA margin expanded by 106 bps YoY to 12.5%, reaching an EBITDA of ₹904 Cr.
- Home Entertainment segment revenue surged 22.3% YoY to ₹1,657 Cr with EBIT margins hitting 19.0%.
- Cash and cash equivalents increased to ₹5,707 Cr as of June 30, 2026, from ₹4,476 Cr in March 2026.
- Company is on track to double manufacturing capacity by FY29 through the new Sri City facility.
LG Electronics India delivered a strong performance for the quarter ended June 30, 2026, with revenue growing 15.5% YoY to Rs 7,233.35 Cr. Net profit surged 27.2% YoY to Rs 652.86 Cr, significantly outpacing revenue growth and reflecting improved operational efficiency. The Home Appliances segment remains the primary driver, contributing 77% of total revenue, while the Home Entertainment segment saw a robust 22.3% YoY revenue increase. Despite a seasonal sequential dip in revenue compared to Q4 FY26, margins remained healthy with a Profit Before Tax of Rs 878.07 Cr.
- Revenue from operations increased 15.5% YoY to Rs 7,233.35 Cr from Rs 6,262.94 Cr.
- Net profit for the quarter rose 27.2% YoY to Rs 652.86 Cr compared to Rs 513.26 Cr in June 2025.
- Home Appliances and Air Solution segment revenue grew 13.6% YoY to Rs 5,576.69 Cr.
- Home Entertainment segment revenue grew 22.3% YoY to Rs 1,656.66 Cr.
- Earnings Per Share (EPS) for the quarter stood at Rs 9.62, up from Rs 7.56 in the year-ago period.
Financial Performance
Revenue Growth by Segment
Home Appliance & Air Solution (H&A) grew 16.5% YoY to INR 18,268 Cr in FY25, while Home Entertainment (HE) grew 7.5% YoY to INR 6,099 Cr. In Q2 FY26, HE revenue grew 3% YoY to INR 2,226 Cr, while H&A revenue was flat at INR 3,948 Cr.
Geographic Revenue Split
Domestic sales contribute approximately 94-95% of revenue, while exports to 54 countries (including Nepal, Bangladesh, Middle East, and Southeast Asia) account for 5% to 6% of total revenue as of H1 FY26.
Profitability Margins
PAT margin improved from 7.1% in FY24 to 9.0% in FY25. However, Q2 FY26 PAT margin declined to 6.2% (INR 389 Cr) from 12.4% in the previous year due to commodity price hikes and festive investments.
EBITDA Margin
EBITDA margin was 12.8% in FY25 (INR 3,110 Cr). In Q2 FY26, EBITDA margin compressed to 8.9% (INR 548 Cr) compared to 12.4% in Q2 FY25, a decline of 350 basis points due to rising input costs and promotional intensity.
Capital Expenditure
The company plans to double its total capacity by Fiscal Year 2029, funded entirely through internal accruals. This includes the establishment of a third manufacturing facility in Sri City and ongoing automation/modification of existing plants in Greater Noida and Pune.
Credit Rating & Borrowing
Maintains a 'CRISIL AA+/Stable/A1+' rating. The company operates with nil debt as of March 2025, resulting in negligible borrowing costs and a robust interest coverage ratio of 92.1 times.
Operational Drivers
Raw Materials
Key raw materials include steel, copper, aluminum, and plastics (commodities), which collectively represent over 60% of the total cost of materials consumed (INR 14,740.6 Cr in FY25).
Import Sources
Sourced through a mix of local Indian suppliers and imports from South Korea and other Global South regions to support the 55.8% localization rate achieved in Q2 FY26.
Key Suppliers
Not specifically named in documents, but procurement is managed through LG's global supply chain and local Indian vendors for side-by-side refrigerators and compressor production.
Capacity Expansion
Currently operates two plants (Greater Noida and Pune). Planned expansion includes a third facility in Sri City to double capacity by FY29 to meet both domestic and export demand.
Raw Material Costs
Cost of materials consumed was INR 7,803.8 Cr in H1 FY26, representing approximately 62.7% of revenue. Commodity price volatility recently led to a 1.5% to 2% price increase in washing machines and refrigerators.
Manufacturing Efficiency
Focusing on automation and modification of existing lines. Localization of high-value components like compressors and side-by-side refrigerator units is a key efficiency driver.
Logistics & Distribution
Distribution is supported by festive go-to-market initiatives; costs are managed through a nationwide network of distributors and retailers, though specific % of revenue is not disclosed.
Strategic Growth
Expected Growth Rate
13.1%
Growth Strategy
Growth will be driven by the 'LG Essential' lineup for mass-market penetration, scaling the B2B segment (HVAC and information displays), expanding the high-margin AMC (Annual Maintenance Contract) business, and doubling manufacturing capacity by FY29.
Products & Services
Refrigerators (Single door, Front door), Washing Machines (AI-enabled front-load), Air Conditioners (Room and Commercial), Televisions (OLED, QNED, Signage), Microwave Ovens, Water Purifiers, and Air Purifiers.
Brand Portfolio
LG, LG Essential, QNED, OLED, LG ThinQ.
New Products/Services
Launched 'LG Essential' for first-time buyers and AI-enabled front-load washing machines; new product categories are expected to optimize fixed costs through economies of scale.
Market Expansion
Targeting underpenetrated regional markets in India with the Essential series and expanding exports to 54 countries from the upcoming Sri City plant.
Market Share & Ranking
Market leader in washing machines and refrigerators; increased refrigerator market share by 1% and AC market share by 0.5% YTD September 2025.
Strategic Alliances
Operates as a wholly-owned subsidiary of LG Electronics Inc. (South Korea), leveraging global R&D and export strategies under the 'Global South' initiative.
External Factors
Industry Trends
The industry is shifting toward premiumization (OLED/Large screens) and energy efficiency. LG is positioning itself by expanding its premium portfolio and B2B HVAC solutions to capitalize on India's infrastructure growth.
Competitive Landscape
Faces intense competition from Samsung, Sony India, and domestic players like Voltas Ltd, particularly in the AC and panel TV segments.
Competitive Moat
Moat is built on brand strength, a 54x oversubscribed IPO reflecting deep trust, and a dominant market position in core categories. Sustainability is driven by a shift toward recurring revenue (AMC) and B2B segments.
Macro Economic Sensitivity
Highly sensitive to consumer sentiment and GST rate changes; Q2 FY26 demand was temporarily deferred ahead of the September 22 GST implementation.
Consumer Behavior
Shift toward larger screen sizes in TVs and smart, AI-enabled appliances; 'aspirational' first-time buyers are a growing segment targeted by the Essential series.
Geopolitical Risks
Regional tensions and global trade developments impact the export strategy and commodity pricing, though the company claims minimal impact compared to competitors.
Regulatory & Governance
Industry Regulations
Subject to Bureau of Energy Efficiency (BEE) star rating norms and E-Waste (Management) Rules. GST rate realignment in September 2025 impacted short-term revenue recognition.
Environmental Compliance
ESG and recycling costs are rising as the government-mandated recycling target increases from 60% in FY25 to 70% in FY26.
Taxation Policy Impact
Effective tax rate was approximately 25.6% in FY25 (INR 760 Cr tax on INR 2,963 Cr PBT).
Legal Contingencies
Not specifically detailed in the documents, though the company complies with SEBI and Depository (Regulation 74(5)) requirements for its listed securities.
Risk Analysis
Key Uncertainties
Volatility in commodity prices and forex rates are primary risks, with a potential impact of 200-300 basis points on operating margins if not mitigated by price hikes.
Geographic Concentration Risk
Heavy concentration in the Indian domestic market (94-95% of revenue), making it vulnerable to local regulatory and macroeconomic shifts.
Third Party Dependencies
Dependency on global parent for certain high-tech components, though localization is increasing to 55.8%.
Technology Obsolescence Risk
Risk of rapid shifts in smart home technology; mitigated by continuous launches of AI-enabled and QNED/OLED products.
Credit & Counterparty Risk
Superior liquidity with INR 4,284 Cr in cash as of September 2025; trade receivables are managed within a healthy working capital cycle of INR 220 Cr.
