Bigger TVs, premium fridges power LG India's FY27

LG Electronics India anticipates continued growth momentum for the fiscal year 2027, driven by larger television screens, premium appliances, and increased demand during the festive season. In the latest quarter, the company's revenue from operations grew by 15.5% year-on-year to Rs 7,233 crore, with profit after tax rising 27.2% to Rs 653 crore. EBITDA expanded by 26.2% to Rs 904 crore, and the margin improved to 12.5% from 11.4% a year earlier.

The strong performance was primarily fueled by televisions, with consumers increasingly opting for larger screens and premium technologies such as OLED and QNED. LG's Home Entertainment business saw a 22.3% sales increase to Rs 1,657 crore in Q1 FY27, with a sports event further propelling television upgrades during the quarter. The company anticipates the festive season to provide additional growth, with early channel stocking already underway in anticipation of Onam, Durga Puja, and Diwali.

LG's Home Appliances & Air Solutions business also contributed to the growth, with sales expanding by 13.6% to Rs 5,577 crore during the quarter. Demand was robust for premium, large-capacity products, including French Door and side-by-side refrigerators, 8kg-plus washing machines, and dishwashers. Washing machines, despite being outside their peak season, saw strong growth driven by monsoon-driven consumption. The LG Essential range continued to expand in volume markets, including Tier 2 and Tier 3 cities.

LG plans to capitalize on the upcoming festive season, expecting demand to remain favorable across categories. The company remains committed to its Make-in-India, Make-for-India, and Make-India-Global strategy, leveraging pricing discipline, operational efficiencies, and localisation to protect margins. With new launches, including electronic blackboards and second-generation Micro LED (MAGNIT), and a scaling higher-margin AMC and non-hardware services business, LG retains its FY27 outlook of mid-teen revenue growth and an early double-digit EBITDA margin.