LG Electronics India (LGEL IN) – Company Update – Growth through innovation & local R&D – BUY
Published on 15 Oct 2025
We attended the post-listing event of LGEL and product launch of LG Essential Series, wherein the management outlined its vision, focus on premium mass products, and leveraging India’s growing strategic role across manufacturing, R&D and exports. The company is positioning India not just as a manufacturing base but also as a global innovation and export hub, balancing affordability and innovation. Strong local R&D, rising localization, and export focus underline India’s strategic importance in LG’s next growth phase.
We estimate revenue/EBITDA/PAT CAGR of 9.9%/10.9%/9.3% for FY25-28E. Maintain ‘BUY’.
