Economy
LG Electronics India Q1 FY27 Profit After Tax Rises 27.2% to Rs 653 Crore on Strong TV and Appliance Demand in France
LG Electronics India reported a 27.2% year-on-year rise in profit after tax to Rs 653 crore for the first quarter of FY27, up from Rs 513 crore in the year-ago period. Revenue from operations stood at Rs 7,233 crore, a 15.5% increase from Rs 6,262 crore in Q1FY26.
EBITDA rose 26.2% year-on-year to Rs 904 crore, from Rs 716 crore in the year-ago quarter. EBITDA margin expanded by 106 basis points to 12.5%, up from 11.4% in Q1FY26, driven by operating leverage at higher volumes, a premium mix, and strong Home Entertainment demand. Televisions were the highlight of the quarter, fueled by a shift toward larger screens and premium technologies such as OLED and QNED.
A sports event accelerated upgrade demand, and the company said proactive launches helped maximize the opportunity. The ID business also maintained strong momentum, supported by government and institutional orders. Growth was broad-based across categories, with washing machines delivering robust growth alongside strong compressor-based demand. including French Door and SBS refrigerators, 8kg+ washing machines, and dishwashers—recorded standout growth, while the LG Essential range scaled across volume markets.
Exports also grew, complementing domestic demand and supported by a consumer shift toward feature-rich, higher-value, and energy-efficient products.
Source: The Economic Times
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