• Event Type: Q4 and Full Year FY 2026 Earnings Conference Call held on May 22, 2026, hosted by ICICI Securities.
  • Date and Time: The call was held on May 22, 2026 (specific time not mentioned in the transcript).
  • Purpose: To discuss the financial results for the quarter and financial year ended March 31, 2026, and provide strategic updates.
  • Management Participants:
  • Mr. Dongmyung Seo – Whole Time Director & CFO
  • Mr. Sanjay Chitkara – Co-Chief Sales & Marketing Officer
  • Mr. Atul Khanna – Chief Accounting Officer
  • Mr. Gurpinderjeet Singh – Head, Financial Planning
  • Mr. Gaganjeet Singh – Chief Manufacturing Officer
  • Mr. Soonjoo Seo – Investor Relations Officer
  • Mr. Aditya Bhasin – Head, Investor Relations
  • Availability of Materials: The audio recording and transcript were submitted to stock exchanges and are available on the company's website at https://www.lg.com/in/investorrelations/quarterly-reports/.
  • Financial Period Discussed: Q4 FY26 (quarter ended March 31, 2026) and Full Year FY26 (year ended March 31, 2026).
  • Forward-Looking Statements: Management provided FY27 guidance targeting mid-teen revenue growth and early double-digit EBITDA margins. The EXCEL strategy was outlined focusing on Export expansion, Capability of new factory production, Expansion of market leadership, and Localization.
  • Compliance Statement: The call included safe harbor language regarding forward-looking statements, but no specific statement about unpublished price sensitive information was mentioned.

Financial Highlights

Q4 FY26 Performance:

  • Revenue: INR80.54 billion (8.1% YoY growth from INR74.48 billion in Q4 FY25)
  • EBITDA: INR9.45 billion (11.7% margin)
  • Net Profit: INR6.93 billion (8.5% PAT margin)
  • EBITDA margin improved by 7% sequentially but declined YoY due to currency depreciation and commodity prices

Full Year FY26 Performance:

  • Revenue: INR246.05 billion (1.0% YoY growth)
  • EBITDA: INR24.08 billion (9.8% margin)
  • Net Profit: INR16.85 billion (6.8% PAT margin)
  • Working capital: INR22.73 billion
  • Cash and bank balance: INR44.76 billion
  • Capex: INR5.51 billion (2-2.5% of revenue)

Segmental Performance Q4 FY26:

  • Home Appliance & Air Solution: INR65.16 billion (5.7% YoY growth, 133.7% sequential growth)
  • Home Entertainment: INR15.37 billion (19.6% YoY growth, 15.9% sequential growth)
  • EBIT margins: H&A 11.9%, HE 13.4%

Strategic Updates:

  • EXCEL growth strategy launched (Export expansion, Capability enhancement, Expansion of leadership, Localization)
  • Localization rate reached 55.2% (improvement of 1.4% points YoY)
  • Sri City plant investment: INR50 billion total commitment, INR6.57 billion already deployed
  • Production timelines: Compressors (Q3 FY27), Room ACs (Q4 FY27)
  • Exports: Started exports of large capacity refrigerators to advanced markets and Essential Series to neighboring countries
  • Essential Series performance: 100,000 washing machines, 80,000 refrigerators, 20,000 ACs (0.8 ton) sold in Q4
  • Market leadership maintained across all major categories with 60% OLED TV market share

Additional Notes

  • The document is a transcript of the earnings call submitted as an enclosure to the stock exchanges.
  • No unpublished financial data was disclosed beyond what was already reported in the official results.
  • The transcript includes detailed Q&A session with analysts from Nomura, Jefferies, HSBC, and Motilal Oswal covering topics like margin drivers, inventory levels, price hikes, export guidance, and new product categories.