Motilal Oswal's research report on LG Electronics India
We visited the LG Electronics India (LGEL) Pune plant and interacted with the management. Our interaction revolves around demand trends, LPG availability, margins, and growth outlook, along with insights on capacity utilization and summer preparedness. Management indicated that LPG availability remains largely secure, with alternate fuels ensuring minimal disruption, while demand trends remain strong with healthy Jan–Mar’26 growth and a positive summer outlook, supported by a pickup in secondary sales from Apr’26.
Outlook
We reiterate a BUY rating on the stock and value it at 45x FY28E EPS to arrive at our TP of INR1,860.
For all recommendations report, click here
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