New Delhi: LG Electronics India Limited (LGE India), India’s leading consumer electronics brand, announced the results for the third quarter of FY2026 on Wednesday. The company delivered revenue from operations of ₹41.14 billion in Q3 FY26 as compared to ₹43.96 billion in Q3 FY25 with an EBITDA margin of 4.8% in Q3 FY26.
Despite lower-than-expected post-festive demand, LGE India has continued to maintain market leadership** across key categories. This proves the company’s underlying brand strength and consumer confidence. However, EBITDA margin declined due to combined effect of subdued sales impacting operating leverage, increased input costs in copper and aluminum and currency related headwinds.
Highlighting the results, Hong Ju Jeon, Managing Director and Chief Sales and Marketing Officer, LG Electronics India, said, “LGE India has maintained # 1 position across key B2C segments, despite a subdued last quarter affected by external factors. Anchored by strong fundamentals, focus on innovation and long-term stability, we have entered Q4 with renewed strength, validated by the positive response to our new BEE-rated portfolio. As summer approaches, we are poised to capture demand for compressor products through our two-track strategy — expanding both premium and ‘LG Essential’ lineups. We remain committed to scaling our high-margin AMC business and leveraging B2B infrastructure opportunities. The rationalization of US tariffs will further help accelerate our commitment to ‘Make India Global,’ as we optimize production to serve both domestic needs and expand exports. Our third manufacturing plant, on track to being operational by end of year, will accelerate our ‘Make India
Global’ plans. These developments underscore our ability to deliver value to customers and shareholders alike, and we remain confident in our long-term trajectory.”
Category Performance
In the Home Appliance (H&A) segment there was a post-Diwali softening in demand. The segment’s revenue stood at ₹27.88 billion in Q3 FY26 as compared to ₹30.91 billion in Q3 FY25.
The segment sustained its leadership and delivered market share gains despite margin pressure from elevated raw material costs (copper and aluminium) & FX volatility. LGE India strategically avoided price cuts to protect long-term profitability while continued focus on fundamentals & premium positioning supported overall higher ASP.
LGE India further strengthened its premium portfolio during the quarter, with the launch of advanced offerings, including French-door refrigerators and AI DD 2.0 powered washing machines, reinforcing its leadership position in the segment. LGE India’s strategy is focused on capturing rising premium demand and re-entering mass segments via the Essentials series continued to drive growing momentum.
In the Home Entertainment (HE) segment, the reduction in GST rates provided an initial uplift to revenue performance in Q3 FY26, helping the segment maintain revenue levels broadly in line with the previous year. The segment recorded revenue of ₹13.26 billion in Q3 FY26 as compared to ₹13.05 billion in Q3 FY25. LGE India continued to strengthen its leadership position through gains in offline television market share.
As part of its Future Vision strategy, LGE India plans to:
Make for India
- Enhance customer access to products and technology tailored to the Indian lifestyle such as the new LG Essential Series, designed for first-time home appliance buyers
Make in India
- Expansion of manufacturing base by the operationalization of the third plant in Sri City
- Enhancing localization across LGE India’s manufacturing ecosystem
Make India Global
- As part of its Global South strategy, establish LGE India as a competitive manufacturing and export hub
- In the next financial year, the company aims to double exports, led by ‘Make in India’ premium products, including to the US & Europe
Q4 FY26 Strategy
- Focusing on a two-track strategy by expanding premium portfolio & strengthening LG Essential line-up, aided by new product launches across categories
- Expanding export footprint by capitalising global market opportunities
- Scaling up high-profit Non-Hardware (AMC) recurring business to drive service-led growth & build long-term customer relationships
- Continue strengthening B2B business by leveraging opportunities in India’s expanding infrastructure
- Expanding new production capacities to meet future domestic and overseas demand.
