Street View-Summer demand, stable supplies to support LG Electronics India's growth

LG Electronics India

18/03/2026 07:55

** LG Electronics India LGEL.NS rises as much as 2.1% to one-week high of 1,596.90 rupees

DEMAND RECOVERY UNDERWAY, OUTLOOK POSITIVE

** Centrum ("buy"; PT:1,850 rupees) optimistic on co's growth, market leadership; says India plants can switch to PNG and acetylene, limiting production risks from tight LPG supplies

** ICICI Securities ("buy"; PT:1,820 rupees) says co could capitalise on strong room AC-led upcycle due to hotter summer conditions, premiumisation, capacity expansion

** Emkay ("buy"; PT:1,900 rupees) sees sustained domestic market-share gains, improving summer demand, gradual export traction in FY27

** HDFC Securities ("add"; PT:1,545 rupees) sees steady segment-wide growth, softer FY26 on muted demand, 8% revenue CAGR over FY25-FY28

** Nomura ("buy"; PT:1,836 rupees) sees gains from consumption recovery, expects 10%-12% revenue growth and 3%-5% CAGR over FY26-FY27; tags co as its top durables pick

 (Reporting by Brijesh Patel in Bengaluru)

 ((Brijesh.Patel1@thomsonreuters.com; Ph no. +91 9590227221;))