India's LG Electronics to see weak December quarter, ICICI Securities says

LG Electronics India

18/12/2025 07:06

** ICICI Securities expects weak Q3 for consumer appliances maker LG Electronics India LGEL.NS

** Shares of LGEL fall nearly 1% to 1,537 rupees, on track for third straight session of losses

** Qtr to be weak due to weak primary and secondary sales across ACs, TVs and appliances - brokerage

** Adds, demand has slowed down post festive season; near-term outlook likely to be soft

** However, says co continues to gain market share in room air conditioner market, channel inventory better placed than peers

** Brokerage has a "buy" rating on LGEL, PT at 1,875 rupees

** LGEL rated "strong buy" by 15 analysts on avg; median PT at 1,890 rupees - data compiled by LSEG

** Shares down 9% since trading debut on October 14

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 (Reporting by Komal Salecha)

 ((Komal@thomsonreuters.com;))