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Citi Places LG Electronics India on 'Positive Catalyst Watch' with 18% Upside Target
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CNBC TV18•01-10-2026, 08:10
Citi Places LG Electronics India on 'Positive Catalyst Watch' with 18% Upside Target
- •Citi retained a 'Buy' recommendation on LG Electronics India with a price target of ₹2,025, implying an 18% upside from its closing price of ₹1,715.05.
- •The brokerage expects LG Electronics India's strong growth without margin dilution to continue, projecting 15% year-on-year revenue growth and 20% EBITDA growth in Q2 FY26-27.
- •Premiumisation and price hikes are anticipated to offset headwinds from raw material costs and currency movements, according to Citi.
- •LG Electronics India announced a 5-7% increase in air-conditioner prices from October 1, citing higher input costs ahead of the festive season.
- •The company has not yet decided on price revisions for other products like televisions, refrigerators, and washing machines.
Key Questions Answered
Brokerage firm Citi retained a 'Buy' recommendation on LG Electronics India with a price target of ₹2,025 per share, representing an 18% upside from its previous closing price.
LG Electronics India announced a 5-7% increase in air-conditioner prices starting October 1 due to elevated commodity prices, higher logistics and energy costs, and foreign exchange movements ahead of the festive season.
As of October 1, LG Electronics India has not taken any decision to revise prices for other products such as televisions, refrigerators, and washing machines.
