LG Electronics India Q2 revenue rises 20% to ₹7,380 crore

LG Electronics India ( LGEINDIA ) reported nearly 20% year-on-year revenue growth to ₹7,380 crore in Q2FY27, while EBITDA margin improved 63 basis points to 9.5%. The quarter was driven by premium products, strong appliance demand, and continued traction in larger-screen televisions. LG’s core business remains healthy. Revenue from home appliances and air solutions rose 21% to ₹4,772 crore, while home entertainment revenue increased 17% to ₹2,608 crore. TVs above 55 inches contributed more than half of television revenue, highlighting the company’s ongoing premiumization strategy. What stands out is that the story is no longer only about selling more refrigerators, washing machines, or televisions. LG is expanding into information displays and vehicle solutions, creating new B2B revenue opportunities alongside its consumer business. If executed well, these segments could broaden the growth base beyond traditional appliances. The headline growth, however, masks an important margin challenge. Raw material costs increased 20% year-on-year, resulting in a 52-basis-point decline in gross margin. Premium products and operating leverage helped offset this pressure, but the sequential drop in EBITDA margin from 12.5% in Q1FY27 to 9.5% in Q2FY27 suggests investors should watch profitability as closely as revenue growth. Management expects H2FY27 to outperform H1FY27 and has maintained guidance for mid-teen revenue growth and early double-digit EBITDA margins. The ramp-up of the Sri City facility and compressor localisation could further support margins over time. [$LGEL][SHARE PRICE URL] The stock is testing its all-time high of ₹1,836 after gaining 21% this year. Our view: growth remains strong, but sustaining margins amid commodity inflation and competitive pressure will be the key factor to watch next. Disclosure: This post is for informational and educational purposes only and should not be construed as investment advice