LG Electronics India Q2 net profit rises 25.7 pc to Rs 489-cr; targets mid-teen revenue growth in FY27
Revenue from operations increased 19.5 per cent to Rs 7,380 crore during the July-September quarter, against Rs 6,174 crore in the year-ago period.
EBITDA rose 28 per cent to Rs 701 crore, while the EBITDA margin improved by 63 basis points to 9.5 per cent, the company said in a release.
For the first half of FY27, the company’s net profit grew 26.5 per cent to Rs 1,142 crore, while revenue from operations increased 17.5 per cent to Rs 14,613 crore. EBITDA rose 27.9 per cent to Rs 1,616 crore, with the margin improving to 11.1 per cent.
The company attributed its growth to strong performance across volume and value segments, with both mass-market and premium products contributing to the expansion.
Its Home Appliances and Air Solution business recorded its highest growth since listing, while the Home Entertainment segment registered double-digit growth for the third consecutive quarter.
The company also achieved its highest-ever television value market share, supported by domestic demand and export growth.
Reaffirming its FY27 outlook, LG Electronics India retained its target of mid-teen revenue growth and an early double-digit EBITDA margin.
It expects demand to remain strong during the festive and wedding seasons, supported by investments in strengthening its distribution channels.
The company plans to expand its television portfolio with Mini LED models alongside its existing large-screen, QNED and OLED ranges. Energy-efficient air conditioners, French Door refrigerators and dishwashers are also expected to drive growth, while its business-to-business segment is likely to support margins.
LG Electronics India is also focusing on expanding exports, with India emerging as a preferred export hub for the parent company.
It has entered more than 20 new countries since its initial public offering, the company said.
In a major expansion initiative, the company announced its entry into the Vehicle Solutions business, marking its foray into the in-vehicle infotainment segment in India.
Automotive infotainment and telematics products will be manufactured at its third plant at Sri City in Andhra Pradesh, which is expected to commence operations in the third quarter of FY27 with compressor manufacturing.
The new facility is expected to strengthen localisation and enhance production capacity to meet domestic and export demand.
Hong Ju Jeon, Managing Director of LG Electronics India, said the company’s performance reflected the strength of the Indian consumer durables industry, driven by rising disposable incomes, increasing demand for premium products and deeper market penetration.
The company would continue to focus on its three-pillar strategy of Make-in-India, Make-for-India and Make-India-Global to drive growth across domestic and export markets.
Commodity prices and currency movements remained key monitorables, but their impact was being managed through localisation, calibrated pricing and operational efficiency. Overall industry sentiment remained positive ahead of the peak demand season, the company added.
TNT KM
