Now Reading: LG India posts 27% profit jump, revenue crosses Rs 7,200 crore
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LG India posts 27% profit jump, revenue crosses Rs 7,200 crore
LG Electronics India posted a 27.2% jump in net profit to Rs 653 crore for the June quarter, with revenue from operations rising 15.5% to Rs 7,233 crore. EBITDA grew 26.2% to…
The Story in Brief
LG Electronics India posted a 27.2% jump in net profit to Rs 653 crore for the June quarter, with revenue from operations rising 15.5% to Rs 7,233 crore. EBITDA grew 26.2% to Rs 904 crore, and margins expanded to 12.5% from 11.4% a year ago, the company said on Thursday.
Television sales led growth, up 22.3% to Rs 1,657 crore, driven by larger screens and premium OLED and QNED models. Home appliances grew 13.6% to Rs 5,577 crore, with strong demand for large-capacity refrigerators and washing machines. LG expects festive-season demand and new product launches to sustain momentum, and retained its FY27 guidance of mid-teen revenue growth and double-digit EBITDA margin.
The Indian Opinion
The TV and appliance maker’s double-digit margin and broad-based growth across categories is noteworthy, but the festive-season optimism deserves a cautious eye. Indian consumer demand has been patchy, with rural recovery uneven and urban wallets stretched by food inflation. A single quarter of robust numbers does not confirm a sustained upturn, especially when premium products drive sales. The real test will be the October-December quarter, when Diwali purchases and year-end discounts reveal whether volume growth matches the premium push. Will LG hit its mid-teen revenue target without heavy discounting?
Sources (2): ndtvprofit.com, economictimes.indiatimes.com
This story was synthesised by AI from the 2 sources linked above.
