Financial Performance Highlights

Revenue from Operations: ₹246,049.12 million (FY26) vs ₹243,666.38 million (FY25), up 1.0% YoY

Other Income: ₹3,278.97 million (FY26) vs ₹2,639.90 million (FY25), up 24.21%

EBITDA: ₹24,083.05 million (FY26) vs ₹31,101.24 million (FY25)

Profit Before Tax: ₹22,995.11 million (FY26) vs ₹29,631.11 million (FY25), down 22.40%

Profit After Tax: ₹16,850.93 million (FY26) vs ₹22,033.48 million (FY25), down 23.52%

Basic EPS: ₹24.83 (FY26) vs ₹32.46 (FY25)

Cash Flow from Operating Activities: ₹17,212.48 million (FY26)

Segment Performance

Home Appliances & Air Solution (H&A): ₹181,605 million revenue (73.8% of total)

Home Entertainment: ₹64,444 million revenue (26.2% of total)

Geographic Revenue: Domestic ₹232,134 million, Export ₹13,915 million

Key Financial Ratios & Position

Current Ratio: 2.08 (FY26) vs 1.95 (FY25)

Debt-Equity Ratio: 0.06 (FY26) vs 0.07 (FY25)

Return on Capital Employed: 9.79% (FY26) vs 12.76% (FY25)

Total Assets: ₹136,362.55 million (FY26) vs ₹115,171.45 million (FY25)

Cash and Cash Equivalents: ₹44,762.65 million as of March 31, 2026

Tax Contingencies and Disputes

The company faces significant contingent liabilities relating to various tax disputes:

Income Tax Disputes: ₹23,084.63 million (after provisions: ₹21,099.51 million)

GST Disputes: ₹3,528.58 million (after provisions: ₹3,489.77 million)

Service Tax Disputes: ₹1,032.60 million

VAT/Sales Tax Disputes: ₹166.97 million

Cases pending in High Court of Delhi, Income Tax Appellate Tribunal, Joint Commissioner (Appeals), and GST Appellate Tribunal covering periods 2000-01 to 2022-23.

Corporate Actions

IPO Completion: Completed Initial Public Offering through Offer for Sale on October 14, 2025, issuing 101.82 million shares at ₹1,140 per share with 54x oversubscription. The OFS was entirely by promoter LG Electronics Inc., with no fresh issue component.

Bonus Issue: Issued 5 bonus shares for every 1 share held on November 18, 2024, increasing share capital to ₹6,787.72 million.

Dividend: No dividend declared for FY 2025-26

Manufacturing Expansion & Operations

Sri City Facility: New manufacturing unit under development in Andhra Pradesh with planned investment of ₹50.01 billion. Expected to commence compressor production in Q3 FY27 and room AC production in Q4 FY27.

Existing Facilities: Greater Noida (190,000 sq. m.) and Pune (214,000 sq. m.) units with total installed capacity of 14.51 million units annually

Localization Rate: 55.2% in FY26, targeting 1-2% annual increase

Product Leadership: #1 market share in washing machines (31.5%), refrigerators (28.8%), and microwave ovens (45%)

Distribution Network: 36,847 B2C touchpoints including 788 exclusive brand stores

Strategic Initiatives

Essential Series Launch: Affordable premium range targeting Tier 2/3 cities, now expanded to 22 countries

Solar PPAs: Signed 25-year agreements for 20.8 MWp solar capacity expected to generate 32.1 million units annually

RE100 Commitment: Targeting 100% renewable energy by 2050 (interim target: 62% by 2030)

Carbon Neutrality: Committed to carbon neutral operations by 2030

Related Party Transactions

Material RPT with LG Electronics Inc. for ₹72,500 million approved by shareholders for FY26-27. Royalty payment of ₹4,062 million made during the year.

Governance & Compliance

Board Composition: 6 directors including 3 independent directors

Key Managerial Personnel: Hong Ju Jeon (MD), Dongmyung Seo (Whole-time Director & CFO), Anuj Goyal (Company Secretary)

Auditor Transition: Price Waterhouse completing term, recommended appointment of Deloitte Haskins & Sells LLP

CSR Spending: ₹10.18 million spent in FY26 against obligation of ₹453.95 million

Forward Outlook

Company expects mid-teen revenue growth and early double-digit EBITDA margin in FY27, driven by premiumization, export expansion, and new product launches. Strategy focused on 'EXCEL' framework: Export Expansion, market leadership Expansion, new factory Capability, and Localization.