Highlights

• LG Electronics India reported Q2FY26 revenue of ₹61.74 billion, up 1% YoY, with an EBITDA margin of 8.9%.
• The Home Appliances segment sustained leadership, while the Home Entertainment segment grew 3% driven by festive demand.
• The company has received buy ratings from multiple analysts with an average target price of ₹1,898.78.
• Profit after tax stood at ₹3.89 billion for the quarter.

LG Electronics India Limited (NSE:LGEINDIA), a leading player in the home appliances and consumer electronics sector, has garnered buy ratings from top market analysts. As per Refinitiv data, the stock currently holds a buy consensus, with an average price target of ₹1,898.78.

Q2FY26 Financial Performance

In the second quarter of fiscal year 2026, LG Electronics India demonstrated resilience in a challenging market environment. The company reported revenue from operations of ₹61.74 billion, marking a 1.0% increase compared to ₹61.14 billion in the same quarter last year.

Earnings before interest, taxes, depreciation, and amortization (EBITDA) stood at ₹5.48 billion, delivering an EBITDA margin of 8.9% for the quarter. While the margin contracted slightly due to rising commodity costs and heightened investments in marketing and distribution during the festive season, the company’s overall profitability remained robust. Profit after tax (PAT) reached ₹3.89 billion, reinforcing LGEIL’s bottom-line performance.

Market Leadership and Segment Growth

LGEIL operates through two primary business segments: Home Appliances & Air Solutions (H&A) and Home Entertainment (HE). The H&A segment, which includes products such as air conditioners, refrigerators, and water purifiers, sustained its market leadership despite temporary demand disruptions caused by revised GST rates. Revenue for this segment was ₹39.48 billion, comparable to ₹39.53 billion in Q2FY25.

A key highlight in this segment was the early traction gained by the recently launched LG Essential Series, a range of premium yet affordable products designed to appeal to a broader consumer base, particularly first-time buyers in underpenetrated markets. The company’s ‘Make for India’, ‘Make in India’, and ‘Make India Global’ initiatives continue to drive innovation and localization efforts.

The HE segment, which covers televisions, audio-visual equipment, and monitors, experienced a 3% year-on-year revenue growth, reaching ₹22.26 billion, up from ₹21.61 billion in the previous year. This increase was driven primarily by demand during the festive season. LGEIL plans to further strengthen its premium product portfolio, including QNED and OLED technologies, while expanding its business-to-business footprint by tapping into sectors such as education, hospitality, and healthcare.

Analyst Ratings and Outlook

Analysts from reputed firms, including Emkay Global Financial Services, Jefferies, and AMSEC, have all issued strong buy recommendations on LGEIL, with target prices ranging between ₹1,875 and ₹2,050.

With upcoming GST rate benefits and seasonal demand cycles, LGEIL is well-positioned for continued revenue growth and margin improvement.

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