loader2
Login Open ICICI 3-in-1 Account

Open ICICI
3-in-1 Account

Manage your Savings, Demat and Trading Account conveniently at one place

+91

BLOG

LG Electronics: Muted quarter as expected while premiumisation outlook remains strong…

ICICIdirect Research 14 Nov 2025 DISCLAIMER

LG Electronics’, a market leader on consumer appliances side, reported muted quarterly performance as expected which was largely due to demand deferment on GST rate cut announcement and prolonged monsoon impacting key product categories.
For the quarter, revenue came in at ₹6174 crore which was largely flattish. Segmentally, Home appliances and Air solutions segment (refrigerators, washing machines, dishwashers, air conditioners, smaller kitchen appliances, etc) reported flattish revenue at closer to ₹4000 crore and Home entertainment segment (televisions, audio systems, etc) reported revenue of ₹2200 crore+ (up by 3% YoY).
EBITDA margin was recorded at 8.9% which declined by 256 bps QoQ owing to high commodity price and incremental festive Go-to-Market investments which shall be temporary. PAT reported at ₹389 crore which declined by 27% YoY and 24% QoQ.
GST rate cut led demand uptick is expected esp. on premiumisation side shall be witnessed from Q3 onwards. LG holds strong market share across premium products and is expected to be key beneficiary of this trend.

Download ICICI Direct app

Invest, Track, and Manage your Portfolio Anytime, Anywhere

Download ICICI Direct app

Invest, Track, and Manage your Portfolio Anytime, Anywhere