LG Electronics India Limited Delivers Highest Growth Post Listing in Q2 FY27 (NSE: LGEINDIA, BSE: 544576)

LG Electronics India Limited has submitted a regulatory filing to the National Stock Exchange of India Limited (NSE Symbol: LGEINDIA) and BSE Limited (Scrip Code: 544576) regarding its financial performance for the second quarter and half-year ended FY27. The company delivered its highest year-on-year growth post-listing and marked its second consecutive quarter of double-digit growth, led by balanced volume and value gains across both mass and premium segments.

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Financial Performance Summary

For Q2 FY27, LG Electronics India reported a revenue from operations of ₹73.80 billion, representing a 19.5% increase year-on-year. EBITDA rose 28.0% YoY to ₹7.01 billion, with margins expanding 63 bps to 9.5% despite currency headwinds, elevated commodity prices, and seasonal go-to-market investments. Profit after tax (PAT) rose 25.7% YoY to ₹4.89 billion.

Key Financial Metrics (figures in INR billion)

Particulars	Q2 FY27	Q2 FY26	YoY Growth	H1 FY27	H1 FY26	YoY Growth
Revenue from operations	73.80	61.74	+19.5%	146.13	124.37	+17.5%
EBITDA	7.01	5.48	+28.0%	16.16	12.64	+27.9%
EBITDA margin (%)	9.5%	8.9%	+63 bps	11.1%	10.2%	+90 bps
Profit after tax (PAT)	4.89	3.89	+25.7%	11.42	9.03	+26.5%

For the first half of the fiscal year (H1 FY27), total revenue reached ₹146.13 billion, up 17.5% YoY, while PAT advanced 26.5% YoY to ₹11.42 billion. EBITDA for H1 FY27 stood at ₹16.16 billion with an EBITDA margin of 11.1% (up 0.9% YoY or +90 bps).

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Segment Performance

1. Home Appliances & Air Solution (H&A)

• Revenue: ₹47.72 billion, up 20.9% YoY, marking the segment's highest quarterly growth since listing.
• Profitability: Segment EBIT increased 28.4% YoY to ₹4.16 billion, with EBIT margin expanding from 8.2% in Q2 FY26 to 8.7%.
• Drivers: Broad double-digit momentum was recorded across major categories, with washing machines, refrigerators, and room air conditioners leading. Dishwashers achieved breakout growth. A two-track strategy catering to mass and premium tiers was supported by expansions in the LG Essential Series and the introduction of Chest Freezers and French Door Refrigerators. Operating leverage offset elevated commodity costs and currency depreciation on imports.

2. Home Entertainment (HE)

• Revenue: ₹26.08 billion, up 17.2% YoY on a high base, marking the third consecutive quarter of double-digit expansion.
• Profitability: Segment EBIT rose 19.9% YoY to ₹3.37 billion, with EBIT margin strengthening to 12.9% compared to 12.6% in Q2 FY26.
• Drivers: Growth was anchored by consumers upgrading to larger screens, propelling offline television market share to a record high. The B2B Information Display business also grew strongly, establishing itself as a second profit engine alongside televisions to absorb panel cost inflation and foreign exchange pressures.

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Strategic Business Developments

• Entry into Vehicle Solutions (B2B): LG Electronics India announced its entry into the automotive In-Vehicle Infotainment (IVI) space. The company will introduce LG Korea's global automotive infotainment and telematics solutions to India. Products will be produced and supplied from its third manufacturing facility located at Sri City, Andhra Pradesh.
• Manufacturing Expansion: The Sri City plant is scheduled to commence operations in Q3 FY27, starting with compressor manufacturing to boost localization and capacity for both domestic and overseas markets.
• Export Expansion: The company has entered 20 new export countries since its initial public offering (IPO), expanding India's role as an export hub.

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Management Commentary and Outlook

Mr. Hong Ju Jeon, Managing Director of LG Electronics India Limited, highlighted that the results reflect consumer durable industry tailwinds such as rising disposable incomes and premiumization, guided by the company's "Make-in-India, Make-for-India, and Make-India-Global" framework.

FY27 Outlook

• Guidance Reaffirmed: The company reaffirmed its FY27 guidance targeting mid-teen revenue growth and an early double-digit EBITDA margin.
• Key Growth Drivers: Go-to-market investments made in Q2 are set to support festive and wedding season demand; expansion of the TV line-up (Mini LED TVs joining OLED and QNED ranges); continued demand for energy-efficient ACs, French Door refrigerators, and dishwashers.
• Risk Factors: Commodity and currency movements remain key monitorables, which management intends to address via localization, calibrated pricing, and operating efficiencies.