Web revenue for the corporate (with a market capitalisation of over ₹1.07 lakh crore, or $11.2 billion) rose 27.2% year-on-year to ₹652.8 crore from ₹513.2 crore, whereas income elevated 15.5% to ₹7,233.3 crore from ₹6,262.9 crore.
Earnings earlier than curiosity, tax, depreciation, and amortisation (EBITDA) grew 26.2% (YoY) to ₹904.2 crore, in contrast with ₹716.2 crore a 12 months earlier. The EBITDA margin expanded to 12.5% from 11.4%, additionally coming in forward of the 12% estimate.
Income development of round 15% was forward of the Avenue’s 13% expectation, pushed by premium demand throughout segments. The corporate mentioned revenue development outpaced income development, supported by a beneficial product combine, working leverage from greater volumes and continued price self-discipline.
Gross margin remained steady at round 31%.
Section efficiency
The House Leisure section was the standout performer, with income rising 22%, forward of the 18% estimate. Its margin expanded by round 330 foundation factors to 19%.
Demand for premium and larger-screen televisions was sturdy in the course of the quarter, with IPL and FIFA-related demand probably supporting the class.
Income in House Home equipment & Air Options grew 14%, broadly in step with estimates. Section margin improved marginally to 11.6% from 11.5%.
The corporate attributed development to sturdy summer time demand for air conditioners and premium upgrades throughout home equipment.
Administration mentioned all classes contributed to development in the course of the quarter. Tv demand benefited from customers transferring in direction of bigger screens, whereas fridges noticed development in premium-capacity merchandise. Air conditioners benefited from an prolonged summer time season, whereas washing machines maintained momentum regardless of being outdoors their peak season.
FY27 outlook
LG Electronics India stays assured of outperforming its FY27 targets of mid-teen income development and an early double-digit EBITDA margin.
The corporate expects momentum to proceed into the festive season, with Onam, Durga Puja and Diwali prone to assist demand. It plans to concentrate on its premium portfolio whereas additionally increasing the LG Important vary via new product launches.
The corporate can also be scaling up exports, together with large-capacity fridges for international markets, whereas increasing the Important Sequence throughout Asia, the Center East and Africa.
In the meantime, the brand new manufacturing capability at Sri Metropolis is progressing as deliberate and is anticipated to assist each home and abroad demand.
Brokerages view
Jefferies, which has a ‘Purchase’ score on LG Electronics, and a worth goal of ₹1,815, mentioned Q1 revenue beat estimates, led by stronger margins. EBITDA margin expanded 110 bps YoY to 12.5%, led by premium combine, working leverage, calibrated worth hikes, price management and better localisation.
CLSA has an ‘Outperform’ score, and a worth goal of ₹1,885. The brokerage mentioned the Q1 beat was pushed primarily by stronger margins within the TV section, whereas development remained broad-based throughout merchandise and worth factors.
The corporate retained its FY27 steering of mid-teen income development and early double-digit EBITDA margin.
Nuvama Institutional Equities has retained its ‘Purchase’ score on LG Electronics India and raised its worth goal to ₹1,910 from ₹1,820.
The brokerage has additionally elevated its FY27E EPS estimate by 2%, factoring within the Q1 earnings beat.
Nuvama mentioned LG Electronics India’s Q1 efficiency was stronger than most of its friends, reflecting the corporate’s diversified portfolio, market dominance and execution. The brokerage has retained the inventory as its high choose within the client durables house.
LG Electronics India shares ended 0.02% greater at ₹1,577.70 on Thursday. The inventory has gained greater than 6% to date in 2026.
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