LG Electronics India: Citi sees 15% Q2 revenue growth; maintains Buy, check target
Executive Brief • Key Highlights
Fast factual intelligence distilled for busy investors, executives, and answer bots:
- ✓Citi maintained a Buy rating on LG Electronics India with a target price of Rs 2,025.
- ✓The brokerage expects 15 per cent revenue growth in Q2 FY27.
- ✓It said the company’s two-track strategy helped it deliver strong growth.
Story at a Glance
- Category
- MARKET
- Reported By
- Zee Business
- Reading Speed
- 3 Minute(s)
- Market Focus
- India Economy
Citi has maintained its Buy rating on LG Electronics India with a target price of Rs 2,025, putting the stock on a 90-day positive catalyst watch.
The brokerage expects the consumer electronics maker's growth momentum to remain strong in the second quarter of FY27, following a strong performance in the June quarter.
Citi expects 15 per cent year-on-year revenue growth and 20 per cent EBITDA growth in Q2 FY27. It said LG Electronics India's two-track strategy, focused on premium and essential products, has helped the company deliver strong growth without margin dilution.
The brokerage expects premiumisation and price hikes to offset headwinds from raw material costs and currency movements.
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