LG Electronics India Posts Record Quarterly Revenue, Eyes Global Expansion

LG Electronics India Limited has unveiled its fourth-quarter financial results for FY2026, marking a significant milestone with record quarterly revenue performance.

The consumer electronics manufacturer reported revenue from operations of ₹80.54 billion in Q4 FY26, representing growth from ₹74.48 billion in the corresponding quarter of the previous year. The company achieved an EBITDA margin of 11.7%, with EBITDA reaching ₹9.45 billion and profit after tax standing at ₹6.93 billion.

The robust quarterly showing reflects broad-based recovery in consumer demand across product categories. The company's performance was particularly bolstered by the premiumization trend, with large-panel televisions, French-door refrigerators, fully automatic washing machines, and five-star-rated air conditioners leading the charge. LG Electronics India maintained its competitive edge across key product segments while executing its strategic framework centred on domestic manufacturing, products tailored for Indian consumers, and global exports.

However, the company acknowledged headwinds from currency fluctuations and commodity price pressures that impacted year-on-year EBIT margins. Despite these challenges, management expressed confidence in achieving margin improvement through cost discipline, increased localization, and operational efficiency gains.

On the business-to-business front, the Information Display division recorded impressive growth during the quarter. The company is also strategically broadening its heating, ventilation, and air conditioning offerings, particularly in Variable Refrigerant Flow and Cassette AC segments. The company's advanced HVAC solutions have been installed at Seva Teerth, the recently inaugurated Prime Minister's office complex.

Managing Director Hong Ju Jeon commented on the results: "LG Electronics India has delivered its highest ever quarterly revenue in Q4 FY26, a testament to the strength of our brand and the resilience of our business model. Despite a complex global environment, LGE India has remained customer-focused, agile, and growth-oriented. We are navigating these macro challenges with calibrated actions and continued investment in premiumization to ensure that LGE India is well-positioned to lead this transition. Our three strategic pillars — Make-in-India, Make-for- India, and Make-India-Global are actively shaping our business. Our new Essential Series range is not only driving growth in India but will also now be exported to 22 countries in FY27. India's structural growth story remains intact, and we are both, confident and well positioned to capture the opportunities ahead."

The Home Appliances and Home Entertainment segments demonstrated distinct performance trajectories. The Home Appliances division generated ₹65.16 billion in revenue during the quarter, up 5.7% year-on-year. Premium product categories showed particularly strong momentum, with higher average selling prices across the portfolio. Dishwashers emerged as an additional growth contributor. The segment recorded an EBIT of ₹7.75 billion with an EBIT margin of 11.9%, though this declined from ₹8.88 billion in the prior year quarter due to commodity costs, currency headwinds, and channel investments supporting new product launches. Following mid-April rainfall disruptions, the market rebounded strongly as heatwave conditions stimulated demand for compressor-based products. Industry-wide price adjustments are underway to absorb commodity pressures and support margin recovery.

The Home Entertainment segment delivered significantly stronger results, with revenue climbing 19.6% year-on-year to ₹15.37 billion. Large-screen television demand benefited from Cricket World Cup viewership momentum and the continuing consumer shift toward 55-inch and larger displays. The Information Display business contributed meaningfully through robust commercial television and signage orders. LG Electronics India sustained its leadership position in premium televisions, commanding 60.0% market share in the OLED category as of March 2026. The segment achieved an EBIT of ₹2.06 billion with a 13.4% EBIT margin, compared to ₹2.09 billion previously, with margin impacts from currency depreciation and elevated marketing investments partially offset by disciplined cost management and solid B2B contributions.

Looking ahead to FY27, the company plans to pursue a dual-track approach combining premium portfolio expansion with reinforcement of its Essential Series lineup through new product introductions. The Essential Series is expected to reach 22 countries across Asia, the Middle East, and Africa during the fiscal year. The company also aims to strengthen its business-to-business operations by capitalizing on India's infrastructure expansion opportunities, while simultaneously scaling production capacity to serve both domestic and international markets.