Net profit rose 27.2% year-on-year to ₹652.8 crore from ₹513.2 crore, while revenue increased 15.5% to ₹7,233.3 crore from ₹6,262.9 crore.
EBITDA grew 26.2% YoY to ₹904.2 crore, compared with ₹716.2 crore a year earlier. The EBITDA margin expanded to 12.5% from 11.4%, also coming in ahead of the 12% estimate.
Revenue growth of around 15% was ahead of the Street’s 13% expectation, driven by premium demand across segments. The company said profit growth outpaced revenue growth, supported by a favourable product mix, operating leverage from higher volumes and continued cost discipline.
Gross margin remained stable at around 31%.
Segment performance
The Home Entertainment segment was the standout performer, with revenue growing 22%, ahead of the 18% estimate. Its margin expanded by around 330 basis points to 19%.
Demand for premium and larger-screen televisions was strong during the quarter, with IPL and FIFA-related demand likely supporting the category.
Revenue in Home Appliances & Air Solutions grew 14%, broadly in line with estimates. Segment margin improved marginally to 11.6% from 11.5%.
The company attributed growth to strong summer demand for air conditioners and premium upgrades across appliances.
Management said all categories contributed to growth during the quarter. Television demand benefited from consumers moving towards larger screens, while refrigerators saw growth in premium-capacity products. Air conditioners benefited from an extended summer season, while washing machines maintained momentum despite being outside their peak season.
FY27 outlook
LG Electronics India remains confident of outperforming its FY27 targets of mid-teen revenue growth and an early double-digit EBITDA margin.
The company expects momentum to continue into the festive season, with Onam, Durga Puja and Diwali likely to support demand. It plans to focus on its premium portfolio while also expanding the LG Essential range through new product launches.
The company is also scaling up exports, including large-capacity refrigerators for global markets, while expanding the Essential Series across Asia, the Middle East and Africa.
Meanwhile, the new manufacturing capacity at Sri City is progressing as planned and is expected to support both domestic and overseas demand.
Nuvama view
Brokerage firm Nuvama Institutional Equities has retained its ‘Buy’ rating on LG Electronics India and raised its price target to ₹1,910 from ₹1,820.
The brokerage has also increased its FY27E EPS estimate by 2%, factoring in the Q1 earnings beat.
Nuvama said LG Electronics India’s Q1 performance was stronger than most of its peers, reflecting the company’s diversified portfolio, market dominance and execution. The brokerage has retained the stock as its top pick in the consumer durables space.
LG Electronics India shares ended 0.02% higher at ₹1,577.70 on Thursday. The stock has gained more than 6% so far in 2026.