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LG Electronics India held an earnings conference call to discuss the financial results for the quarter ended June 30, 2026. The discussion focused on the company's performance, strategic pillars, and outlook.
**Financial Performance:**
Revenue grew 15.5% YoY to INR72.33 billion. EBITDA increased by 26.2% YoY to INR9.04 billion, with margins expanding to 12.5% from 11.4% in Q1 FY26. PAT grew 27.2% YoY to INR6.53 billion, resulting in an 8.9% PAT margin. This growth was driven by strong performance across all key categories, a favorable product mix, and calibrated price increases.
**Management Commentary & Outlook:**
The company highlighted its "Make for India, Make in India, Make India Global" strategy. Premium products and the Essential series are performing well, indicating success in both high-end and entry-level segments. The Sri City manufacturing plant is on track, and export business is gaining momentum, supplying 61 countries. Management expressed confidence in sustained market leadership and delivering long-term value.
**Order Book & Operational Updates:**
The third manufacturing plant at Sri City, Andhra Pradesh, is proceeding with compressor production planned for Q3 FY27 and room air conditioner production in Q4 FY27. This facility aims to expand capacity, deepen the supply chain, and serve as a domestic and export hub.
**Analyst Q&A Highlights:**
Analysts inquired about the sustainability of TV segment growth, export performance (including US and Europe contributions), and FY27 export growth targets. Management confirmed a 30% growth in exports for Q1, with a focus on premium products and the Essential series for export markets. The impact of new government import policies on compressor imports was discussed, with management indicating a positive impact due to local production capabilities. Discussions also covered the B2B segment's strong growth, particularly in Information Display and HVAC, and strategies for margin protection amidst rising raw material costs. The performance and potential of the Essential Series, including its contribution to revenue and margins, were elaborated. Updates on localization efforts and readiness for the data center cooling opportunity were also provided.
**Strategic Themes & Sentiment:**
Management emphasized a disciplined approach to growth, focusing on quality, premiumization, and expanding market reach through both premium and Essential product lines. The company is building a robust export business and strengthening its manufacturing base. The overall sentiment conveyed was confident and optimistic about future growth prospects and value creation.