LG Electronics India · forward-looking guidance across the available source record.
Guidance tracker
Management reaffirmed the historical 13.1% revenue CAGR since 2022 and double-digit AITA (EBITDA) as the benchmark to return to, though FY26 faces temporary headwinds from cooler summer and geopolitical factors.
Current localization at 55.8% with target of 70% over 3-4 years, improving ~2-3 percentage points annually. In-house compressor production (started FY23) and premium TV/refrigerator manufacturing at Siri City are key drivers.
₹5,000 crore investment over 4-5 years; room air conditioner production begins October 2026, compressor line Q4 FY27, washing machine and refrigerator in phases; full capacity by FY29. Government grant of 100% capital subsidy over 20 years.
Price increases taken for washing machine and refrigerator categories in October 2025, with new pricing already settling in the market. Post-Diwali promotional intensity being rationalized from festival levels.
Management expects double-digit revenue growth in Q4 with EBITDA margins better than last year's Q4, targeting mid-teen digits, driven by seasonal recovery and new B-norm product launches.
Full year FY26 guidance maintained at early single-digit revenue growth with double-digit EBITDA margin, despite Q3 being below internal targets.
FY27 guidance is to deliver double-digit revenue growth and sustain early digit margins in line with FY25 levels, supported by premium launches, diversified portfolio, and export expansion.
Management aims to double export sales from approximately $160 million (FY25 baseline) to $320 million in FY27, leveraging US tariff rationalization to 18% and India-EU FTA, primarily serving US and European markets.