Consumer Durables
Consumer Electronics
from 1,688 today
We recommend BUY at the current market price of INR 1,688, with a price target of INR 2,141, representing an upside of 26.8% over the next 24 months, driven by growth in premium and mass-premium segments, export expansion, and strong financial execution.
LGEL reported good results for Q1FY27 with a 16% YoY rise in sales and a 27% YoY rise in PAT, beating estimates due to healthy margin expansion and robust demand. We retain BUY with a revised target price of Rs1,965 based on 40x H1FY29E EPS.
We maintain our BUY rating on the stock and revise the target price upwards to Rs 1,965/share, driven by strong growth momentum, premiumisation, and multiple structural levers including localisation and exports.
LG's 1QFY27 revenue increased ~15% YoY and EBITDA grew ~26% YoY, beating estimates. Management remains positive on the demand outlook, and we increase our EPS estimates and reiterate BUY with a target price of INR2,000.
Ratings and target prices as published by each firm. Each summary condenses that firm's stated view in its own note and is attributed to it; no report text is reproduced.
