LG Electronics jumps after Q2 PAT climbs 26% YoY to Rs 489 cr
Profit before tax (PBT) rose 24.73% YoY to Rs 654.66 crore in Q2 FY27.
EBITDA increased 28% to Rs 701 crore in Q2 FY27 compared with Rs 548 crore recorded in Q2 FY26. EBITDA margin improved 63 bps to 9.5% in Q2 FY27 as against 8.9% in Q2 FY26.
The company said it achieved higher profitability despite elevated commodity prices, rupee depreciation and go-to-market investments aimed at capturing demand during the upcoming festive season.
The Home Appliances and Air Solution (H&A) segment recorded its highest quarterly growth since listing, with revenue increasing 20.9% YoY to Rs 4,772 crore. Strong double-digit growth across major categories was led by washing machines, refrigerators and room air conditioners, while dishwashers also delivered significant growth.
Home Entertainment (HE) delivered revenue of Rs 2,608 crore, up 17.2% YoY on a high base, marking the segment's third consecutive quarter of double-digit growth.
For the first half of FY27, LG Electronics India's standalone net profit increased 26.54% YoY to Rs 1,142.21 crore from Rs 902.68 crore in H1 FY26. Revenue from operations climbed 17.5% YoY to Rs 14,613.39 crore.
Backed by a strong H1 FY27 performance, the company reaffirms its FY27 targets of mid-teen revenue growth and an early double-digit EBITDA margin. While commodity and currency trends remain key monitorables, these are being actively managed through localisation, calibrated pricing and operational efficiency, and overall industry sentiment remains positive heading into the peak demand season.
Meanwhile, the company also announced its entry into a new business-to-business (B2B) Vehicle Solutions segment, focusing on in-vehicle infotainment (IVI). The initiative will bring LG Korea's global automotive B2B business, including automotive infotainment and telematics solutions, to India. These products will be manufactured and supplied from the company's third manufacturing facility at Sri City, Andhra Pradesh.
Hong Ju Jeon, managing director, LG Electronics India, said, ?We are proud to announce our second consecutive strong quarter results, culminating in a robust H1FY27. This performance reflects the broader strength of India?s consumer durables industry, which continues to benefit from rising disposable incomes, growing aspiration for premium products and deepening penetration across metro and emerging markets.
As LGE India completes its first year as a listed company, this performance reflects the trust our shareholders have placed in us and our commitment to creating long-term value for them. Moving beyond consumer electronics, we are expanding our footprint in the rapidly evolving B2B sector, by entering a new B2B vertical, Vehicle Solutions. Our foundational three-pillar strategy?Make-in-India, Make-for-India, and Make-India-Global?will continue driving our ambitious growth trajectory across domestic and export markets.?
LG Electronics India is focused on various consumer electronics and B2B businesses, from home appliances and media entertainment to HVAC and commercial displays. The company's manufacturing units at Greater Noida and Ranjangaon, Pune has the capacity to manufacture LED TVs, air conditioners, commercial air conditioning systems, washing machines, refrigerators, and monitors.
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