HSBC Maintains Buy Rating on LG Electronics with Target Price ₹1,850 Amid Mixed Outlook 5 hrs ago Today
HSBC maintains its Buy rating on LG Electronics with a target price of ₹1,850, expecting moderate Q4 growth from early channel filling while cautioning about margin pressure from higher input costs. The brokerage anticipates potential Q1FY27 earnings impact from commodity inflation, demand delays, and sporadic rains affecting AC sales, though maintains confidence in the company's long-term prospects.
Jefferies Issues Buy Rating for LG Electronics India with Rs 1910 Target Price
Jefferies has assigned a Buy rating to LG Electronics India with a Rs 1910 target price, citing strong summer trends and effective pricing strategies. The company implemented 7-9% price hikes for 3 Star and 5 Star ACs in Q4, with further increases of 5-10% expected in April 2026 due to weak INR and rising raw material costs.
Multiple Brokerages Issue Buy Ratings for LG Electronics India with Strong Targets
Multiple leading brokerages have issued Buy ratings for LG Electronics India, with Nomura setting a target price of Rs 1,836 and HSBC at Rs 1,850. HSBC highlights India's $75-80 billion appliance and electronics market growth potential at 12% CAGR through 2029, while Nomura projects EBITDA margin expansion from 10.4% to 14.1% by FY28F, supported by demand recovery and operational efficiency improvements.