LG Electronics India Ltd Share Price – NSE  / BSE

Consumer Durables, Mid Cap

LG Electronics India will hold a meeting of the Board of Directors of the Company on 21 May 2026.

 LG Electronics India (LGE India) today announced the sale of 1 million+ air conditioners in the first quarter of 2026. This landmark achievement marks the fastest and strongest start to a summer season in the company's history in India. This milestone not only underscores LGE India's exceptional execution capabilities and supply chain agility, but also cements its position as the decisive leader in India's fast-growing and highly competitive air conditioner market.

A key driver of this achievement was LGE India's first-mover advantage with regards to launching its new BEE star-rated compliant AC line-up well ahead of the season, ensuring that retail partners and consumers could seamlessly transition to superior, energy-efficient products without disruption. Complementing this, LGE India's marketing campaign during the ICC World Cup also delivered great reach and consumer engagement at scale, driving unprecedented brand salience and purchase intent.

As part of its commitment to expand clean energy adoption across its manufacturing operations,  LG Electronics India (LGE India) has signed long-term solar Power Purchase Agreements (PPAs) with Hinduja Renewables Energy (HREPL) and Sunsure Energy.

LGE India will source solar power for its Greater Noida and Pune manufacturing facilities, thereby reducing its carbon footprint while strengthening its transition towards sustainable manufacturing.

As part of these tie-ups, LGE India has signed a 9.80 megawatt peak (MWp) solar PPA with HREPL for its Pune manufacturing facility and an 11 MWp solar PPA with Sunsure Energy for its Greater Noida facility.

LGE India will source approximately 3.21 crore units of renewable energy annually for both facilities, collectively offsetting around 0.61 million metric tonnes of CO2e over the project lifetime.

HREPL will supply 1.61 crore units of clean power annually from its 27.7 MWp solar plant in Nanded, Maharashtra, helping meet 40% of the Pune facility's energy needs and offset 0.31 million metric tonnes of CO2e over the project lifetime.

Similarly, Sunsure Energy will supply approximately 1.6 crore units of renewable electricity annually from its 82.5 MWp solar plant in Erach, Uttar Pradesh, enabling LGE India to meet around 30% of its Greater Noida facility's energy requirement and increase total renewable energy consumption at the plant to approximately 50%, while offsetting 0.30 million metric tonnes of CO2e over the project lifetime.

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EBITDA declined by 42.4% to Rs 196 crore in Q3 FY26 from Rs 340 crore in Q3 FY25.

Profit before tax in Q3 FY26 stood at Rs 151.69 crore, down by 52.7% from Rs 320.65 crore recorded in Q3 FY25.

Despite lower-than-expected post-festive demand, LGE India stated that it has managed to maintain market leadership across key categories.

EBITDA margin declined due to combined effect of subdued sales impacting operating leverage, increased input costs in copper and aluminum and currency related headwinds.

Hong Ju Jeon, managing director and chief sales and marketing officer, LG Electronics India, said: LGE India has maintained #1 position across key B2C segments, despite a subdued last quarter affected by external factors.

Anchored by strong fundamentals, focus on innovation and long-term stability, we have entered Q4 with renewed strength, validated by the positive response to our new BEE-rated portfolio. As summer approaches, we are poised to capture demand for compressor products through our two-track strategy ? expanding both premium and ?LG Essential? lineups.

We remain committed to scaling our high-margin AMC business and leveraging B2B infrastructure opportunities. The rationalization of US tariffs will further help accelerate our commitment to 'Make India Global,? as we optimize production to serve both domestic needs and expand exports.

Our third manufacturing plant, on track to being operational by end of year, will accelerate our 'Make India Global? plans.?

LG Electronics India, a subsidiary of South Korea-based LG Electronics, is one of India's leading consumer durables companies. It manufactures and sells a wide range of products, including TVs, refrigerators, washing machines, and air conditioners, serving both retail and institutional customers.

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