LG Electronics India Limited submitted an investor presentation detailing its un-audited financial results for Q2 FY27 (quarter ended September 30, 2026) and H1 FY27, pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Q2 FY27 Performance Highlights

  • Revenue from operations: ₹73.80 billion, representing a 19.5% year-over-year (YoY) growth and a 2.0% quarter-over-quarter (QoQ) increase. This marks the company's highest YoY growth since listing and the second consecutive quarter of double-digit growth.
  • EBITDA: ₹7.01 billion, with a margin of 9.5% (expanding 63 basis points YoY from 8.9% in Q2 FY26).
  • Profit Before Tax (PBT): ₹6.55 billion, up ₹1.30 billion YoY.
  • Profit After Tax (PAT): ₹4.89 billion, up ₹1.00 billion YoY.
  • Performance was balanced across volume and value growth, driven by both Home Appliances & Air Solution (H&A) and Home Entertainment (HE) segments. A fast-scaling export business complemented healthy domestic demand.
  • EBITDA margin expansion was achieved despite headwinds from elevated commodity prices (particularly copper, aluminum, and plastic), rupee depreciation, and increased Go-to-Market investments for the festive season.
  • The company reported record-high TV market share and launched a new Chest Freezer range.

Segment Performance (Q2 FY27 vs. Q2 FY26)

Home Appliances & Air Solution (H&A):

  • Sales: ₹47.72 billion (+20.9% YoY, -14.4% QoQ)
  • EBIT: ₹4.16 billion (+28.4% YoY)
  • EBIT Margin: 8.7% (+0.5 percentage points YoY)
  • Growth was led by Washing Machines, Refrigerators, and Room Air Conditioners (RAC). Dishwashers delivered breakout growth.

Home Entertainment (HE):

  • Sales: ₹26.08 billion (+17.2% YoY, +57.4% QoQ)
  • EBIT: ₹3.37 billion (+19.9% YoY)
  • EBIT Margin: 12.9% (+0.3 percentage points YoY)
  • Growth was led by Televisions, with value growth outpacing volume growth due to consumer upgrades to larger screens. The B2B (Information Display) business also delivered strong growth.

H1 FY27 Performance

  • Revenue from operations: ₹146.13 billion (compared to ₹124.37 billion in H1 FY26)
  • Profit After Tax: ₹11.42 billion (compared to ₹9.03 billion in H1 FY26)

Financial Position (as of H1 FY27 end)

  • Total Assets: ₹160.45 billion
  • Current Assets: ₹117.43 billion (including Inventories of ₹34.04 billion, Trade Receivables of ₹26.59 billion, and Cash & Cash Equivalents of ₹50.51 billion)
  • Non-Current Assets: ₹43.02 billion (including Property, Plant & Equipment of ₹15.75 billion and Capital Work-in-Progress of ₹17.86 billion)
  • Total Liabilities: ₹72.36 billion
  • Current Liabilities: ₹62.12 billion
  • Non-Current Liabilities: ₹10.24 billion
  • Total Equity: ₹88.09 billion

Cash Flow (Q2 FY27)

  • Cash at period beginning: ₹57.07 billion
  • Cash from operating activities: -₹1.64 billion (primarily due to a net change in working capital of -₹6.72 billion)
  • Cash from investing activities: -₹4.61 billion (primarily due to a net increase in tangible assets of -₹5.44 billion)
  • Cash from financing activities: -₹0.32 billion (due to repayment of lease obligation)
  • Cash at period end: ₹50.51 billion

Future Outlook & Strategy

  • The company reaffirmed its FY27 targets of achieving mid-teen revenue growth and an early double-digit EBITDA margin.
  • Sri City Plant: The new manufacturing facility is expected to commence operations in Q3 FY27, starting with compressor manufacturing. It is anticipated to double existing capacity.
  • Growth Strategies are centered on three pillars:
  • Make In India: Enhancing localized manufacturing capacity at existing facilities in Noida and Pune and the new Sri City plant.
  • Make For India: Expanding the product portfolio, including the LG Essential series, premium French Door Refrigerators, and Chest Freezers. Scaling B2B and high-profit Non-Hardware (AMC) businesses.
  • Make India Global: Positioning India as an export hub; the company has entered over 20 new countries since its IPO.
  • Q3 FY27 Outlook: The company expects the festive and wedding season to drive strong consumption. It is well-positioned with channel readiness and an expanded premium portfolio. Commodity and currency trends remain key monitorables.