New Delhi – LG Electronics India said its quarterly profit slipped sharply. For Q2 FY26, the company posted a profit after tax of ₹389 crore, down 27.3 % from ₹536 crore a year earlier.
Revenue from operations rose just 1 % to ₹6 174 crore, up from ₹6 113.8 crore last year. But earnings before interest, taxes, depreciation, and amortisation (EBITDA) fell 28 % to ₹547 crore, and operating margins dropped 350 basis points to 8.9 %.
The home‑appliances and air‑solutions unit saw a slight dip, bringing in ₹3 948 crore, while the home‑entertainment segment grew to ₹2 226 crore. Electronics and consumer‑goods firms across India struggled with weaker demand, as buyers held off buying until late September. In September, a GST rate cut on several electronics categories lifted sales.
Hong Ju Jeon, managing director of LG Electronics India, explained. “The first half of 2026 had macro‑economic headwinds – a cool summer, geopolitical pressure, tariffs and currency swings. Despite that, our India team kept sales growing, earned market share and kept profitability stable.”
Jeon said the results show “strong operational execution and the deep trust consumers place in our brand.” He added that they remain committed to their India growth plans.
This report marked LG Electronics India’s first quarterly results after its successful IPO on 14 October 2025. The shares launched at a 50 % premium on the National Stock Exchange, debuting at ₹1 710 per share against the ₹1 140 offering price. By the close, the stock was up 48 % at ₹1 682.8.
The IPO, which closed on 9 October, was oversubscribed 54 times, signalling strong investor interest.
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