Prabhudas Lilladher's research report on LG Electronics India
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.
Outlook
We estimate revenue/EBITDA/PAT CAGR of 9.9%/10.9%/9.3% for FY25-28E. Maintain ‘BUY’.
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