LG Electronics India Limited (LGEIL) announces its Q2FY26 results. Strengthens market leadership across key product categories.

LG Electronics India Limited (LGEIL), number one player in major home appliances and consumer electronics, today announced the results for the second quarter of FY26.

Q2-FY26 was significantly impacted by a cool summer along with geopolitical and forex challenges; however, LG Electronics India still achieved year-on-year growth in both revenue and market share. In offline channels, which remain the industry’s primary growth driver,

LG strengthened its leadership with market-share gains across key categories: TVs at 27.% (up 1.4%), Refrigerators at 29.9% (up 1%), ACs at 17.3% (up 0.5%), while Washing Machines held steady at 33.4% and Microwave Ovens remained stable at 45.%.

Additionally, LG’s leadership gap over the number two player has reached an all-time high in two critical categories, with a 6.7% lead in TVs and a 6.2% lead in Refrigerators.

Financial performance summary (figures in INR Billion):

The company delivered revenue from operations of ₹61.74 billion in Q2FY26 as compared to ₹61.14 billion in Q2FY25 with an EBITDA margin of 8.9% in Q2FY26. Despite a challenging demand environment, LGEIL recorded resilient topline growth. This performance reflects the company’s underlying strength and consumer confidence in brand. The EBITDA margin drop was a result of the combined impact of rising commodity prices and incremental investments in festive go-to-market initiatives, to support the company’s distributors during tough market conditions.

LGEIL has two business segments - the Home Appliance & Air Solutions (H&A) segment and the Home Entertainment (HE) segment. H&A includes air conditioners, refrigerators, microwave ovens, washing machines, dishwashers, compressors, HVAC, water purifiers and air purifiers. HE segment includes televisions (Flat panel, signage, projectors, monitor TV), audio visual, monitors and personal computers.

The H&A segment maintained its market leadership in Q2FY26, recording growth across key categories. While the GST revised rate announcement temporarily deferred consumer purchase, LGEIL’s strong brand equity and resilient distribution network helped strengthen its premium market share. The newly launched LG Essential Series, introduced in October, is gaining strong early traction across key markets. With this lineup, LGEIL is broadening its price range and further building stronger connections with first-time buyers in underpenetrated markets. Going forward, supported by the recent GST rate cut and seasonal demand from festive and wedding period, LGEIL remains confident about future growth across all product categories. The segment’s revenue stood at ₹39.48 billion in Q2FY26 as compared to ₹39.53 billion in Q2FY25. 

The HE segment’s revenue grew by 3% y-o-y in Q2FY26, primarily supported by increased festive season demand in the TV segment. Looking ahead, LGEIL aims to further drive innovation and enhance its market position in the premium product portfolio, including QNED and OLED ranges. The company also intends to expand its B2B footprint by leveraging opportunities arising from India’s growing infrastructure across sectors such as education, hospitality, medical, and institutional industries. The segment’s revenue stood at ₹22.26 billion in Q2FY26 as compared to ₹21.61 billion in Q2FY25. 

Highlighting the path forward, Managing Director, LG Electronics India Limited, Mr. Hong Ju Jeon, said, "H1 of 2026 presented some macroeconomic headwinds including a cool summer, geo-political challenges, tariffs, and forex fluctuations. Despite this, our team in India demonstrated resilience sales growth, gaining market share and maintaining stable profitability. This performance underscores the strength of our operational execution and the deep trust consumers place in our brand. This is a reflection of our strong fundamentals and reinforces our continued commitment to our India growth story. We are now strategically accelerating our future growth by expanding our domestic footprint followed by our focus on ramping up exports as global conditions normalize. Construction of our third plant is progressing as per schedule and our new product line, LG Essential Series is supporting our growth in Tier 2 and 3 markets. Our focus remains clear: to deliver cutting-edge technology that enriches the lives of our customers and solidifies our position as India’s most loved brand."

Through its commitment to ‘Make for India’, ‘Make in India’, and ‘Make India Global’, LGEIL continues to expand its India-focused portfolio and support its rise as a global economic leader. On the ‘Make for India’ front, the company is combining global technology with deep local insights to manufacture products best suited for Indian lifestyles. On the ‘Make in India’ front, LGEIL is on track to expand its manufacturing footprint. The construction of its third plant in Andhra Pradesh is already proceeding as per schedule. Through ‘Make India Global’, the company is looking at ways to leverage India’s productivity in hardware and software capabilities as part of its parent’s Global South strategy going forward.