Date: August 13, 2026
Financial Performance Summary
LG Electronics India Limited reported strong financial results for Q1 FY27 with revenue growth of 15.5% year-over-year to ₹72.33 billion from ₹62.63 billion in Q1 FY26. EBITDA increased 26.2% to ₹9.04 billion from ₹7.16 billion, with EBITDA margin expanding 106 basis points to 12.5% from 11.4%. Profit after tax (PAT) grew 27.2% to ₹6.53 billion from ₹5.13 billion in the same quarter last year.
Performance Drivers
The growth was driven by premium demand across all categories with televisions and washing machines leading alongside strong summer demand in air conditioners and refrigerators. Profitability outpaced revenue growth due to richer premium product mix, better operating leverage on higher volumes, and continued cost discipline. Every category contributed to growth, indicating fundamental portfolio-led growth rather than seasonal dependence.
Segment Performance
Home Appliances & Air Solution (H&A) Segment
Revenue: ₹55.77 billion, up 13.6% YoY
EBIT: ₹6.42 billion, up 13.8% YoY
EBIT margin: 11.5% (held firm)
Growth came from across the portfolio with air conditioners and refrigerators benefiting from peak summer demand, and washing machines delivering strong growth ahead of their seasonal peak. Premium formats led the way including French Door and Side-by-Side refrigerators, large-capacity washing machines, and dishwashers. The LG Essential range continued to scale across volume markets.
Home Entertainment (HE) Segment
Revenue: ₹16.57 billion, up 22.3% YoY
EBIT: ₹3.15 billion, up 48.5% YoY
EBIT margin: 19.0% (expanded 336 bps from 15.7%)
Televisions were the highlight, driven by shift towards larger screen sizes with premium OLED and QNED technologies strengthening the mix. Sporting-season viewership accelerated upgrade demand. The Information Display business maintained strong momentum on government and institutional orders, providing a second engine alongside the core television business.
Strategic Initiatives
The company continued executing its three-pillar strategy: Make-in-India, Make-for-India, and Make-India-Global. The LG Essential Series deepened penetration across Tier 2 and Tier 3 markets. Exports grew during the quarter, widening the company's international footprint. The Information Display business delivered its highest-ever quarterly performance, supported by government and institutional order inflows, while high-margin non-hardware AMC revenues continued to scale.
Management Commentary
Mr. Hong Ju Jeon, Managing Director, stated: "India's consumer durables market is undergoing a structural shift towards premium, technology-led & energy-efficient products and this quarter demonstrates that our portfolio is built for precisely that shift. Profit grew at nearly twice the pace of revenue, and every category contributed, which tells us the growth is durable rather than seasonal. Our export business to key global markets continues to grow, and with new capacity coming on stream at Sri City, that momentum will only strengthen further."
FY27 Outlook
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 and continued momentum in washing machines and refrigerators. The two-track strategy continues: expanding the premium portfolio while strengthening the LG Essential line-up, supported by new product launches across categories. B2B expansion will leverage opportunities across India's expanding infrastructure and institutional investment cycle. Export scale-up continues with large capacity refrigerators to key global markets and Essential Series widening footprint across Asia, Middle East and Africa. New production capacity at Sri City is progressing to plan, serving future domestic and overseas demand.
The company remains confident of staying ahead of its FY27 target and continues to monitor geopolitical developments and their bearing on commodities, currency and supply chains, managing these pressures through localisation, calibrated pricing and operational efficiency.