JM Financial has initiated coverage on lg electronics India with a 'Buy' rating and a price target of ₹1,630.00, citing the company's market leadership, strong margins, and robust fundamentals. The brokerage highlighted several key factors supporting its positive outlook on the home appliances manufacturer.

Market Leadership and Financial Performance

LG Electronics India demonstrates strong market positioning across its product portfolio. The company's financial and market metrics showcase its competitive advantages:

The company has retained its leadership position in the offline channel across key categories including refrigerators, air conditioners, washing machines, and televisions. JM Financial attributes this dominance to strong brand recall, technological and innovation leadership, solid parentage, and an extensive distribution network.

Manufacturing Excellence and Expansion Plans

LG Electronics India's manufacturing capabilities provide significant competitive advantages. The company manufactures 95% of its products at existing Noida and Pune facilities, enabling greater supply chain control and scale benefits.

The company has announced ambitious expansion plans with a third manufacturing facility:

Strategic Initiatives and Growth Drivers

JM Financial highlighted several factors supporting sustained growth prospects. The company benefits from its parent's global scale and strong technology focus, with annual R&D spending of $2.00 billion. These investments are considered critical for maintaining category leadership amid intense competition and evolving consumer preferences.

The brokerage noted LG Electronics India's strategic initiatives including:

• Launch of LG Essential series targeting the mass-premium segment
• Focus on higher-margin businesses including B2B products, service contracts, and exports
• Exposure to premium segment leadership
• Extensive in-house manufacturing capabilities

Analyst Sentiment and Stock Performance

Currently, 20 analysts track LG Electronics India's stock performance. The analyst community shows predominantly positive sentiment:

Shares of LG Electronics India were trading 1.35% lower at ₹1,352.50. The stock has declined 23% from its post-listing high of ₹1,749.00, presenting what JM Financial views as an attractive entry point given the company's strong fundamentals and growth prospects.

JM Financial expects the scaling up of strategic initiatives, combined with favorable macro tailwinds, to support sustained revenue and profit after tax growth for the home appliances manufacturer.

LG Electronics India Limited has issued an important clarification regarding a customs order disclosure, stating that no differential duty demand has been raised against the company. The clarification was submitted to the National Stock Exchange of India Limited and BSE Limited on January 20, 2026.

Clarification Details

The company clarified its position following a detailed examination of an Order-in-Original (OIO) passed by the Office of Commissioner of Customs (NS-V), Jawaharlal Nehru Custom House, Nhava Sheva, Maharashtra. The key clarification parameters are outlined below:

Regulatory Compliance

The clarification was issued pursuant to Regulation 30 read with Schedule III of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company referenced its earlier disclosure dated January 17, 2026, which had intimated the receipt of the customs order.

Key Clarification Statement

Following detailed examination and interpretation of the Order-in-Original, LG Electronics India Limited explicitly stated that no demand of differential duty amounting to ₹119.15 crores has been raised or confirmed against the company. The clarification was signed by Anuj Goyal, Company Secretary and Compliance Officer.

Stakeholder Communication

The company emphasized that this clarification was issued to ensure accurate information is available to stakeholders and the stock exchanges. The communication was addressed to both major Indian stock exchanges where the company's shares are listed - NSE (Symbol: LGEINDIA) and BSE (Scrip Code: 544576).