Synopsis: Consumer durable stock slumped 8% after a sharp 77% QoQ earnings decline and 61% YoY drop. Margins faced pressure amid weak demand and input cost volatility. Appliance sales moderated post-Diwali, and a ₹487.74 crore tax agreement remained a key highlight during the quarter.
The shares of the consumer durable product manufacturer plummeted up to 8 percent in today’s trading session after the company reported its week Q3FY26 earning followed by a decline in segment revenue.
With a market capitalisation of Rs 99,711.66 crore, the shares of LG Electronics India Ltd were trading at Rs 1,469.00 per share, decreasing around 3.24 percent as compared to the previous closing price of Rs 1,518.15 apiece.
Q3FY26 Highlights
The shares of LG Electronics India Ltd have seen significant movement after announcing its financial performance in Q3FY26, in which revenue decreased by 6 percent on a year-on-year basis from Rs 4,396 crore in Q3FY25 to Rs 4,114 crore in Q3FY26. However, on a Quarter-on-Quarter basis, revenue decreased by 33 percent from Rs 6,174 crore in Q2FY26 to Rs 4,114 crore in Q3FY26.
Moreover, net profit decreased by 61 percent on a yearly basis from Rs 233 crore in Q3FY25 to Rs 90 crore in Q3FY26, meanwhile, on a quarter-on-quarter basis, net profit decreased by 77 percent from Rs 389 crore in Q2FY26 to Rs 90 crore in Q3FY26.
LGE India’s Home Appliance segment saw post-Diwali demand moderation, with Q3 FY26 revenue declining to Rs 27.88 billion from Rs 30.91 billion last year. Despite pressure from higher copper, aluminium costs and forex volatility, the company protected margins by avoiding price cuts. Premium launches like French-door refrigerators and AI DD 2.0 washing machines supported higher realisations and market share gains.
In Home Entertainment, revenue remained stable at Rs 13.26 billion compared to Rs 13.05 billion YoY, aided by GST rate cuts. The company strengthened its offline television market share and maintained leadership despite a competitive environment. Strategic focus on premium products and steady demand helped offset broader market softness, ensuring consistent performance during the quarter.
Even after reporting weak quarterly results, LGE India remains focused on its strategy, which centres on “Make for India, Make in India, and Make India Global.” The company is expanding access to localised products like the LG Essential Series, operationalising its third Sri City plant, and increasing localisation. It also aims to double exports next year, positioning India as a key premium manufacturing and global export hub.
For Q4 FY26, LGE India is focusing on premium portfolio expansion while strengthening its affordable lineup, alongside scaling recurring AMC services and B2B opportunities. With new 2026 BEE-rated products and healthy demand across segments, the company remains committed to innovation, cost discipline, and capacity expansion to drive sustainable, profitable growth.
Moreover, the company reported key strategic milestones, including concluding a ₹487.74 crore Advance Pricing Agreement, eliminating contingent liabilities, and securing ₹705.74 crore in long-term incentives to boost localisation. It continues expanding its premium portfolio while preparing new launches like the LG Essential 0.9-ton RAC and VX washing machine, alongside competitively priced chest freezers to widen market reach.
LG Electronics India is one of India’s leading consumer durable companies, offering a wide range of home appliances and electronics. A subsidiary of South Korea’s LG Electronics, it is known for innovation, premium product positioning, and strong distribution reach, serving millions of households across urban and rural markets.
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