Now Reading: LG India Q1 profit up 27%, bets on big TVs and premium fridges
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LG India Q1 profit up 27%, bets on big TVs and premium fridges
LG Electronics India reported a 27.2% jump in net profit to Rs 653 crore for the June quarter, with revenue rising 15.5% to Rs 7,233 crore. EBITDA grew 26.2% to Rs 904…
The Story in Brief
LG Electronics India reported a 27.2% jump in net profit to Rs 653 crore for the June quarter, with revenue rising 15.5% to Rs 7,233 crore. EBITDA grew 26.2% to Rs 904 crore and margin improved to 12.5% from 11.4% a year ago. The company said growth was broad-based across all categories, with a stronger product mix and higher volumes driving profitability.
Television sales surged 22.3% to Rs 1,657 crore, driven by larger screens and premium OLED and QNED models. Home Appliances and Air Solutions revenue rose 13.6% to Rs 5,577 crore on demand for premium large-capacity refrigerators, washing machines and dishwashers. LG India retained its FY27 guidance of mid-teen revenue growth and double-digit EBITDA margin, citing festive season demand, exports and B2B operations.
The Indian Opinion
The stock narrative that consumer durables growth has peaked in urban India takes a hit with LG’s broad-based quarter. Yet the real test is not a single quarter but whether premiumisation can sustain double-digit margins when rural demand finally picks up and competition from Chinese and local brands intensifies. LG’s FY27 guidance of mid-teen revenue growth will be decided by one number: how many units of Rs 50,000-plus TVs and French door fridges actually sell during Diwali.
Sources (3): ndtvprofit.com, economictimes.indiatimes.com, retail.economictimes.indiatimes.com
This story was synthesised by AI from the 3 sources linked above.
Updated: this story now draws on 3 sources.
