HT Bureau
GUWAHATI, Feb 12: LG Electronics India Limited (LGE India) on Thursday announced its financial results for the third quarter of FY2026, reporting revenue from operations of ₹41.14 billion, compared to ₹43.96 billion in the corresponding quarter of the previous fiscal.
The company posted an EBITDA of ₹1.96 billion in Q3 FY26, with an EBITDA margin of 4.8 per cent.
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Profit after tax stood at ₹0.90 billion, compared to ₹2.33 billion in Q3 FY25.
Sequentially, revenue declined from ₹61.74 billion in Q2 FY26, reflecting softer post-festive demand.
Despite lower-than-expected demand after the festive season, LGE India said it retained its market leadership across key business-to-consumer segments, including home appliances and home entertainment categories, underscoring sustained brand strength and consumer confidence.
Commenting on the results, Hong Ju Jeon, managing director and chief sales and marketing officer of LG Electronics India, said the company has maintained its number-one position across major B2C segments despite a subdued quarter impacted by external factors.
He said the company has entered Q4 with renewed momentum, supported by a positive response to its new BEE-rated product portfolio.
As the summer season approaches, the company plans to capitalise on rising demand for compressor-based products through a two-track strategy—expanding its premium offerings while strengthening the ‘LG Essential’ lineup targeted at first-time home appliance buyers.
LGE India also intends to scale its high-margin annual maintenance contract (AMC) business and leverage business-to-business infrastructure opportunities.
On the export front, the company indicated that the rationalisation of US tariffs and progress on trade agreements are expected to create new opportunities.
LGE India aims to double exports in the next financial year, driven by “Make in India” premium products targeting markets such as the US and Europe.
The company also plans to operationalise its third manufacturing plant in Sri City and further enhance localisation within its manufacturing ecosystem.
For Q4 FY26, strategic priorities include expanding export presence, scaling non-hardware recurring businesses such as AMC, and strengthening its B2B vertical in line with India’s growing infrastructure sector.
LGE India said these initiatives reflect its long-term focus on sustainable growth, export expansion and value creation for customers and shareholders.
