Slides
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Q3`FY26 Earnings Release LG Electronics India Limited 11th Feb, 2026
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The particulars of this presentation contain statements related but not limited to revenues, financial results and supplemental financial information which has been compiled by the management, not to be construed as being provided under any legal or regulatory requirement and are not intended to invite any investment in the Company. The information contained in this presentation has not been subjected to review by Auditors or the Board of Directors of the Company. Commentary in the presentation describes the reporting quarter’s performance versus the same quarter of the corresponding previous year, unless specified otherwise. The figures for the previous periods in this presentation have been regrouped/ reclassified, wherever necessary. The Company assumes no responsibility and does not provide any warranty to the accuracy or comprehensiveness of the information contained in this presentation. This presentation is not intended to be a “prospectus” (as defined under the Companies Act, 2013), SEBI Regulations and relevant provisions of applicable laws. This presentation is for information purposes only and does not constitute or form part of, and should not be considered as any offer for sale or subscription of or solicitation or invitation of any offer to buy or subscription of securities in any manner. No part of this presentation and the information contained herein should form the basis of, or be relied upon, in connection with any investment decision or any contract or commitment to purchase or subscribe for any securities. Statements in this presentation describing the Company’s objectives, projections, estimates, expectations or predictions may constitute “forward looking statements”. Such statements are based on the current expectations and certain assumptions of the Company's Management, and are, therefore, subject to risks and uncertainties. Actual results may differ materially from those expressed or implied. The Company neither intends, nor assumes any obligation to amend, modify, revise or update these forward looking statements, on the basis of any subsequent developments which differ from those anticipated. Disclaimer
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Table of Contents Q3`FY26 Performance & OutlookⅠ Performance and Outlook by Segment Ⅱ FY`25 PerformanceⅢ - LG Future Vision - Recent Updates
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Future Vision Strategy in Action 1 MAKE FOR INDIA Delivering products tailored to local lifestyle • Combining global technology with deep local insights to create products tailored for Indian lifestyles • Launched LG essential series designed for aspirational and first-time buyers • Gaining strong early traction in underpenetrated regional markets • A commitment of growing together with India through technology, quality, and trust • Essential Innovation for India: expanding with 10KG Top Load WM & 0.9T AC to balance premium leadership with mass-market reach. 2 MAKE IN INDIA Strengthen localized value chain • Expanding our manufacturing footprint – Groundbreaking of Third factory in Sri City, Andhra Pradesh • Significantly boost production capacity, improve logistics, & strengthen supply chain in South India • Deepening localization by building a resilient manufacturing ecosystem • Foundation for long-term growth and operational excellence • Increasing Localization in Local Panel Procurement & Water Purifier Stainless Steel Tank 3 MAKE INDIA GLOBAL Support India’s rise on the global stage • Supporting LG’s Global South strategy by leveraging India’s productivity in hardware and growing software capabilities • Actively exploring new geographies and unlocking global market opportunities • Positioned to benefit from favorable tariff shifts, reinforcing LG India’s role as a competitive manufacturing and export hub • Amid the improved export environment, we are actively reviewing export expansion opportunities, including U.S. & Europe for exports of premium products With Make for India, Make in India, and Make India Global as our foundation, we are unlocking faster growth through organizational re-design and empowered leadership
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Recent Updates Innovation. Incentives. Expansion Advance Pricing Agreement (APA) Concluded with CBDT Deepens India Localization with Long-term Incentives Successfully signed and concluded an Advance Pricing Agreement (APA), erase ₹487.74 Cr. contingent liability. Secured a 15-year incentive package worth ₹705.74 Cr. from Maharashtra state government, lowers fixed costs in one of our most important overseas production hubs. Continue to Introduce New Premium Product Range Awarded for Sustainable Innovation in Appliances Further broaden market share in premium category — French door refrigerators and Advanced AI-enabled washing machines (AI DD 2.0). National Energy Conservation Award. Appliance of the Year in the category of Washing Machine from Government of India. Upcoming Launches LG Essential Range 0.9-ton RAC VX Washing Machine Broadening Our Portfolio with Market-Smart Chest Freezers at Market Competitive Prices ₹487.74 Cr. ₹705.74 Cr.
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Ⅰ Q3`FY26 Performance & Outlook
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Q3`FY26 Performance & Outlook Q3`FY26 Performance Revenue from operations for Q3`FY26 was ₹41.14 Bn, (YoY change -6.4%), reflecting soft demand post festive in compressor led products with EBITDA margin stood at 4.8% EBITDA margin declined due to combined effect of subdued sales impacting operating leverage, increased input costs, currency-related headwinds Despite near-term softness, underlying brand strength supported market share gains across key categories TV: 27.3%(0.7%↑) , Ref: 30.0%(0.5%↑) RAC: 17.3%(0.4%↑), WM: 33.0%(Maintaining Leadership) Demand recovery & strong fundamentals expected to drive growth momentum in the coming quarters Q4`FY26 Outlook Positive influence on consumer preferences with the new BEE rating portfolio introduction Witnessing healthy demand across categories, with compressor-based products set to pick up in summer Focusing on a two-track strategy by expanding premium portfolio & strengthening LG Essential line-up, highlighted by the launch of the 0.9-ton RAC, 2-ton 5-star ACs, & new VX Washing Machine range Ongoing focus on continuous product innovation & cost discipline to support sustainable profitable growth 1 Note: Market Share is offline value market share as of YTD Dec 25(Jan 25-Dec 25) as per syndicate agencies; Change YoY 【Make In India】 Optimizing our production footprint to meet future domestic and foreign demand 【Make for India】 Launch Essential Series for India People(Refrigerator/Washing Machine ’25.Oct., RAC ~’26.Mar.) Strengthen B2B business by leveraging opportunities in India’s expanding infrastructure Scaling-up high-profit Non-Hardware(AMC) recurring business to drive service-led growth 【Make India Global】 With the improvement in export environment, we are actively exploring opportunities to grow premium exports to the U.S., and will evaluate Europe as market conditions evolve Key Strategies
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43.96 61.74 41.14 Q3'FY25 Q2'FY26 Q3'FY26 2 Q3`FY26 Performance & Outlook Revenue from Operations / Profitability Revenue from Operations / EBITDA (Unit : INR Bn) Performance by Segment (Unit : INR Bn) Q3`FY25 Q2`FY26 Q3`FY26 YoY QoQ Consolidated Sales 43.96 61.74 41.14 -6.4% -33.4% EBIT 2.51 4.54 0.85 -1.65 -3.69 (%) 5.7% 7.4% 2.1% -3.6%p -5.3%p H&A1) Home Appliance & Air Solution Sales 30.91 39.48 27.88 -9.8% -29.4% EBIT 2.18 3.24 1.10 -1.08 -2.14 (%) 7.1% 8.2% 4.0% -3.1%p -4.3%p HE2) Home Entertainment Sales 13.05 22.26 13.26 +1.7% -40.4% EBIT 1.76 2.81 1.27 -0.49 -1.54 (%) 13.5% 12.6% 9.6% -3.9%p -3.0%p Revenue from Operations 1) Home appliances and air solution division: Air Conditioners, Refrigerators, Microwave Ovens, Washing Machines, Dishwasher, Compressors, Water Purifiers and Air Purifiers 2) Home entertainment division: Televisions (Flat panel, Signage, Projectors, Monitor TV ), Audio Visual, Monitors and Personal computers Note: The gap between total of H&A and HE and consolidated numbers are due to unallocated expenses ₹3.40 Bn ₹5.48 Bn ₹1.96 Bn EBITDA (%) EBITDA 7.7% 8.9% 4.8%
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3 Earning Trend / Cash FlowQ3`FY26 Performance & Outlook Q3`FY25 Q2`FY26 Q3`FY26 YoY QoQ EBITDA 3.40 5.48 1.96 -1.44 -3.51 Depreciation and Amortization 0.90 0.93 1.11 0.21 0.17 Finance costs 0.09 0.09 0.09 0.01 0.00 Other income 0.79 0.80 0.76 -0.03 -0.04 Profit Before Tax 3.21 5.25 1.52 -1.69 -3.73 Tax expense 0.87 1.35 0.62 -0.25 -0.73 Profit After Tax 2.33 3.89 0.90 -1.44 -3.00 Earning Trend (Unit : INR Bn) Q3`FY25 Q2`FY26 Q3`FY26 ❑ Cash at the beginning of period 35.77 45.75 42.84 • Cash flow from operating activities -1.29 0.86 3.91 Profit Before Tax 3.21 5.25 1.52 Depreciation 0.90 0.93 1.11 Other -3.45 -2.26 -2.61 Net Changes in working capital -1.95 -3.06 3.90 • Cash flow from investing activities 0.45 -3.48 -1.35 Net (Increase)/Decrease in tangible assets -0.76 -4.28 -2.17 Interest income on deposits, Govt. Grant 1.22 0.80 0.82 • Cash flow from financing activities -0.30 -0.29 -0.35 Repayment of lease obligation -0.30 -0.29 -0.35 Interim dividend - - - • Effects of exchange rate changes on cash and cash equivalents 0.01 -0.00 -0.00 ❑ Net changes in cash -1.12 -2.91 2.21 ❑ Cash at the end of period 34.65 42.84 45.05 Cash Flow (Unit : INR Bn)
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Ⅱ Performance and Outlook by Segment
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H&A (Home Appliance & Air Solution) Performance Key Products Performance and Outlook by Segment (Unit : %, INR Bn) 4 Q3`FY26 Performance ⚫ Profit : Q4`FY26 Outlook ⚫ LGEIL : ⚫ Market : 30.91 61.63 49.08 39.48 27.88 Q3'FY25 Q4'FY25 Q1'FY26 Q2'FY26 Q3'FY26 LG SBS Refrigerator LG 5 Star Split AC LG Wash Tower Home appliances and air solution division: Air Conditioners, Refrigerators, Microwave Ovens, Washing Machines, Dishwasher, Compressors, Water Purifiers and Air Purifiers Note: Market Share is offline value market share as of YTD Dec 25(Jan 25-Dec 25) as per syndicate agencies; Change YoY Note: Q4FY25 numbers are unaudited. ⚫ Revenue : EBIT 7.1% 14.4% 11.5% 8.2% 4.0% Revenue from Operations New BEE norms are boosting consumer interest in upgraded appliances, supporting demand recovery across categories. Overall industry sentiment remains positive, with consumer preference for premium energy-efficient products & low penetration continues to provide opportunities in the volume zone. Margins continue to face pressure from elevated raw material costs & FX volatility, though industry wide price adjustments are helping to partially mitigate these impacts We have launched new product lineups aligned with the latest BEE norms, expanding our volume-zone offerings through the Essential Series. A favorable summer season is expected to further support growth momentum & continue to maintain market leadership. Apart from low revenue which impacted operating leverage , Increased raw material prices(Copper & Aluminum) along with FX volatility further added pressure on margin. The segment sustained its leadership by delivering market share gains despite pressure in volume categories as we strategically avoided price cuts to protect long-term profitability. Our continued focus on fundamentals & premium positioning supported overall higher ASP. Market leadership was further strengthened through the launch of a premium portfolio, including French door refrigerators and AI-enabled washing machines, which widened the gap & further expanded our premium share.
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HE (Home Entertainment) Key Products Performance Performance and Outlook by Segment (Unit : %, INR Bn) LG SOUND BAR & XBOOM LG OLED TV AI 4Q`25 Performance ⚫ Revenue : 2025 Outlook ⚫ Market : 5 Q3`FY26 Performance ⚫ Profit : Q4`FY26 Outlook ⚫ LGE :⚫ LGEIL : ⚫ Market : 13.05 12.86 13.55 22.26 13.26 Q3'FY25 Q4'FY25 Q1'FY26 Q2'FY26 Q3'FY26 Home entertainment Division: Televisions (Flat panel, Signage, Projectors, Monitor TV ), Audio Visual, Monitors and Personal computers Note: Market Share is offline value market share as of YTD Dec 25(Jan 25-Dec 25) as per syndicate agencies; Change YoY Note: Q4FY25 numbers are unaudited. EBIT 13.5% 16.3% 15.7% 12.6% 9.6% Revenue from Operations The GST rate cut provided a positive impact at the start of the quarter, enabling revenue performance to remain in line with the previous year despite sluggish demand post festive season. Market leadership was maintained through gains in offline TV share, with OLED market share rising to 62.4%(2.7%↑). The Information Display business recorded growth, benefiting from supportive market conditions EBIT margins were impacted by lower profitability in the Information Display business; however, ongoing initiatives and anticipated demand recovery are expected to support margin improvement going forward. Following the GST rate cut, the television industry continues to see strong traction in premium models, supported by rising consumer preference for larger screen formats. The upcoming cricket World Cup is expected to further accelerate demand, providing a strong tailwind for the premium TV category. LG’s premium portfolio strength and strategic efficiency are positioning the company to deliver sustained growth and profitability. Additionally, demand for information displays is strengthening, supported by government infrastructure spending in education & fresh investments from the MNC sector
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Ⅲ FY`25 Performance
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198.65 213.52 243.67 FY`23 FY`24 FY`25 FY`25 Performance Revenue from Operations / Profitability Performance by Segment (Unit : INR Bn) FY’23 FY`24 FY`25 YoY Total Segment Sales 198.65 213.52 243.67 +14.1% EBIT 15.95 18.61 27.30 +8.72 (%) 8.0% 8.7% 11.2% +2.5%p H&A Home Appliance & Air Solution Sales 150.31 156.80 182.68 +16.5% EBIT 12.98 16.73 23.43 +6.70 (%) 8.6% 10.7% 12.8% +2.2%p HE Home Entertainment Sales 48.34 56.72 60.99 +7.5% EBIT 8.07 6.88 9.31 +2.43 (%) 16.7% 12.1% 15.3% +3.1%p 6 Note: The gap between total of H&A and HE and consolidated numbers are due to unallocated expenses Note: In FY23 considered revenue from continued operations Revenue from Operations YoY ₹30.15 Bn ↑ (14.1%) Revenue from Operations / EBITDA (Unit : INR Bn) ₹18.95 Bn ₹ 22.25 Bn ₹ 31.10 Bn EBITDA (%) EBITDA 9.5% 10.4% 12.8%
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Earning Trend / Cash FlowFY`25 Performance FY`23 FY`24 FY`25 YoY EBITDA 18.95 22.25 31.10 +39.8% Depreciation and Amortization 3.00 3.64 3.80 Finance costs 0.23 0.29 0.31 Other income 2.44 2.05 2.64 Profit Before Tax 18.20 20.37 29.63 +45.5% Tax expense 4.72 5.26 7.60 Profit After Tax 13.48 15.11 22.03 +45.8% FY’23 FY`24 FY`25 ❑ Cash at the beginning of period 37.27 27.63 22.23 • Cash flow from operating activities 18.71 16.65 16.54 Profit Before Tax 18.16 20.37 29.63 Depreciation 3.00 3.64 3.80 Other (Inc Tax) -6.27 -7.23 -9.87 Net Changes in working capital 3.81 -0.13 -7.03 • Cash flow from investing activities -2.74 -0.20 -0.28 Net (Increase)/Decrease in tangible assets -5.14 -2.40 -3.35 Interest income on bank deposits & Govt. Grant 2.40 2.20 3.07 • Cash flow from financing activities -25.61 -21.85 -1.06 Repayment of lease obligation -0.72 -0.92 -1.06 Interim dividend -24.89 -20.93 - • Effects of exchange rate changes on cash and cash equivalents -0.00 0.00 -0.01 ❑ Net changes in cash -9.64 -5.40 15.19 ❑ Cash at the end of period 27.63 22.23 37.41 Cash Flow (Unit : INR Bn) 7 Earning Trend (Unit : INR Bn) Note: The gap between total of H&A and HE and consolidated numbers are due to unallocated expenses Note: In FY23 considered revenue from continued operations
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19 16 21 Ratios / Balance Sheet FY`25 Performance Ratios (Unit: %) Balance Sheet (Unit : INR Bn) FY`23 FY`24 FY`25 Assets 89.92 84.98 115.17 Current Assets 71.64 66.58 95.41 Cash and Cash equivalents 27.63 22.23 37.41 Inventory 26.41 23.97 30.31 Other Current Assets 17.60 20.38 27.69 Non-Current Assets 18.28 18.40 19.76 ❑ Liabilities 46.36 47.26 55.47 Current Liabilities 42.00 41.87 48.98 Non-Current Liabilities 4.36 5.40 6.49 ❑ Equity 43.56 37.72 59.70 Working Capital Days ROE ROCE FY`23 FY`24 FY`25 34% 45% 43% 31% 40% 37% 8
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https://www.lg.com/in
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Appendix Summarized Financial Statements Statement of Financial Results 9 (Unit : INR Mn) Particular Q3`FY26 Q2`FY26 Q3`FY25 9M`FY26 9M`FY25 FY`2025 Revenue from operations 41,144 61,740 43,955 1,65,514 1,69,182 2,43,666 Other income 757 798 786 2,268 2,017 2,640 Total income 41,900 62,538 44,742 1,67,782 1,71,199 2,46,306 Expenses Cost of materials consumed 29,885 38,724 29,295 1,07,923 1,04,145 1,47,406 Purchases of stock-in-trade 4,158 5,782 3,459 15,485 14,648 19,729 Changes in inventories of finished goods, stock-in-trade & work-in-progress -6,305 -944 -3,323 -9,276 -4,816 -1,334 Employee benefits expense 2,606 2,480 2,371 7,622 7,124 9,628 Finance costs 93 90 85 268 220 306 Depreciation and amortization expense 1,107 935 898 2,945 2,839 3,804 Other expenses 8,838 10,224 8,749 29,131 27,510 37,136 Total expenses 40,384 57,290 41,535 1,54,097 1,51,670 2,16,675 Profit before tax 1,517 5,249 3,206 13,685 19,529 29,631 Tax expense - Current tax 343 1,427 856 3,538 5,104 7,901 - Current tax expense relating to previous year 173 - -1 173 -1 -1 - Deferred tax 104 -73 17 50 -61 -302 Total tax expense 620 1,354 872 3,761 5,041 7,598 Profit after Tax 897 3,894 2,335 9,924 14,488 22,033
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Appendix Sales / Profits by Segment 10 (Unit : INR Bn), %) Particular Q1`FY25 Q2`FY25 Q3`FY25 Q4`FY25 FY`25 Total Q1`FY26 Q2`FY26 Q3`FY26 YoY QoQ Home Appliance & Air Solution Revenue 50.61 39.53 30.91 61.63 182.68 49.08 39.48 27.88 -9.8% -29.4% EBIT 7.57 4.80 2.18 8.88 23.43 5.64 3.24 1.10 (%) 14.9% 12.1% 7.1% 14.4% 12.8% 11.5% 8.2% 4.0% Home Entertainment Revenue 13.48 21.61 13.05 12.86 60.99 13.55 22.26 13.26 +1.7% -40.4% EBIT 2.34 3.12 1.76 2.09 9.31 2.12 2.81 1.27 (%) 17.3% 14.4% 13.5% 16.3% 15.3% 15.7% 12.6% 9.6% Consolidated Revenue 64.09 61.14 43.96 74.48 243.67 62.63 61.74 41.14 -6.4% -33.4% EBIT 8.61 6.60 2.51 9.57 27.30 6.26 4.54 0.85 (%) 13.4% 10.8% 5.7% 12.8% 11.2% 10.0% 7.4% 2.1% Note: The gap between total of H&A and HE and consolidated numbers are due to unallocated expenses Note: Revenue is Revenue from operations Note: Q4FY25 are unaudited.