LG Electronics India sees bigger screens, premium appliances powering FY27 growth

LG Electronics India said on Thursday it expects bigger television screens, premium appliances and festive-season demand to keep growth momentum strong, while retaining the revenue growth and double-digit EBITDA margin goal for the fiscal year 2027.

By the numbers: The outlook follows a strong June quarter in which LG India’s revenue from operations rose 15.5% year-on-year to Rs 7,233 crore, while profit after tax jumped 27.2% to Rs 653 crore. EBITDA grew 26.2% to Rs 904 crore, with the margin expanding to 12.5% from 11.4% a year earlier.

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LG said growth during the quarter was broad-based, with all categories contributing, while a stronger product mix and higher volumes helped profitability outpace revenue growth.

Bigger screens drive television growth

Televisions emerged as a key growth driver, with consumers showing a stronger preference for larger screens and premium technologies such as OLED and QNED.

LG’s Home Entertainment business recorded a 22.3% increase in sales to Rs 1,657 crore in Q1 FY27.

A sports event also helped accelerate television upgrades during the quarter, the company said.

LG now expects the festive season to provide another boost, with early channel stocking already underway ahead of Onam, Durga Puja and Diwali. The company expects the shift towards larger screens to continue and plans new launches across its OLED and QNED ranges.

Premium appliances add to momentum

LG’s Home Appliances & Air Solutions business grew 13.6% in sales to Rs 5,577 crore during the quarter.

The company saw strong demand for premium, large-capacity products, including French Door and side-by-side refrigerators, 8kg-plus washing machines and dishwashers.

Washing machines also recorded robust growth despite being outside their traditional peak season, helped by monsoon-driven consumption. The LG Essential range continued to expand across volume markets, including Tier 2 and Tier 3 cities.

LG expects large-capacity Essential Series products and new launches to drive the next leg of growth, while premium refrigerators and AI Direct Drive washing machines are expected to remain key contributors.

Festive demand, exports to support FY27

With the festive season approaching, LG expects demand to remain favourable across categories. The company said pricing has remained resilient as the industry absorbed higher input costs through calibrated price increases.

Its Information Display business recorded its highest-ever quarterly performance, supported by government and institutional orders.

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LG expects new launches, including electronic blackboards and second-generation Micro LED (MAGNIT), to support the business, while its higher-margin AMC and non-hardware services business continues to scale.

LG keeps FY27 outlook intact

LG India Managing Director Hong Ju Jeon said the quarter showed that the company's growth was not dependent on a single category or season.

The company remains focused on its Make-in-India, Make-for-India and Make-India-Global strategy, while using pricing discipline, operational efficiencies and localisation to protect margins.

With bigger screens, premium appliances, exports and B2B operations providing multiple avenues for growth, LG retained its FY27 guidance of mid-teen revenue growth and an early double-digit EBITDA margin.