- Shares of LG Electronics India surged 10% to a record high of ₹1,736.40 on the NSE after announcing its June 2026 quarter (Q1FY27) earnings.
- Other consumer durable stocks also rallied: Voltas and Bata India gained 4% each, while Havells India, Amber Enterprises, Dixon Technologies and Titan Company traded up to 2% higher.
- The Nifty Consumer Durable index hit a 52-week high of 40,749.25, surpassing its previous high of 40,631.15 touched on August 3, 2026.
- LG Electronics reported strong results, with revenue growing 15.5% year-on-year (YoY) to ₹7,234 crore, while it was down 10.2% quarter-on-quarter (QoQ) due to seasonality.
- Segmentally, the home appliances segment (washing machine, fridge and AC) grew by 13.6% YoY to ₹5,577 crore, while the Home entertainment segment (TV) grew 22.3% YoY to ₹1,657 crore.
- Despite volatility in commodities and currencies, gross margins remained fairly stable, declining 19 bps YoY and expanding 286 bps QoQ, indicating the company's ability to pass on the rising cost.
- EBITDA came in at ₹905 crore with margins at 12.5%, expanding 108 bps YoY and 77 bps QoQ owing to improvement in product mix and premiumisation.
- Profit after tax increased 27% YoY at ₹654 crore.
- This was a quarter where profitability outpaced revenue, driven by a richer premium mix, better operating leverage on higher volume and continued cost discipline.
- The ₹5,000 crore Sri City expansions are expected to nearly double LG’s existing capacity and create a larger export opportunity.
- LG Electronics said the company is well positioned for the festive season ahead of Onam, Durga Puja and Diwali, with an expanded large-screen and premium television portfolio.
LG Electronics India reported a robust Q1FY27 with a 15.5% year-on-year revenue growth to ₹7,234 crore, despite a 10.2% quarter-on-quarter decline due to seasonality. The home appliances segment grew by 13.6% YoY to ₹5,577 crore, while the home entertainment segment saw a 22.3% YoY increase to ₹1,657 crore.145
Profit after tax rose 27% YoY to ₹654 crore, with EBITDA margins expanding by 108 bps YoY to 12.5%. The company attributed this growth to a richer premium mix and improved operating leverage.78
The consumer durable index surged 15% over the past three months, outperforming the benchmark index's 2.7% rise. LG's stock performance reflects a broader rally in consumer durable stocks, with Voltas and Bata India also seeing gains of 4% each.2
The Nifty index reached a 52-week high of 40,749.25, up 1.1% in intra-day trading, surpassing its previous high of 40,631.15 from August 3, 2026. The company is optimistic about the upcoming festive season, with plans for expansion and a focus on premium products.3
“This combination reflects growth that is fundamental and portfolio-led,” said management, highlighting the diverse contributions from various product categories.
“The company's revenue grew 15.5% year-on-year to ₹7,234 crore, with profit after tax up 27% to ₹654 crore. Management attributed growth to a richer premium mix and cost discipline, and expects the ₹5,000 crore Sri City expansions to nearly double capacity.”
