LG Electronics India’s stock slid 1.34% to ₹1,715.05 on Wednesday, even as Citi projected 15% YoY revenue growth and 20% EBITA growth for FY26‑27, setting a ₹2,025 target—an 18% upside.
Citi praised the company’s dual‑track strategy: premium models and essential appliances, which have maintained margins while expanding sales. The firm also announced a 5‑7% increase in AC prices from Oct 1 to counter rising commodity and logistics costs.
Of the 36 analysts covering the stock, 30 recommend Buy, while three each advise Hold and Sell, reflecting a largely bullish sentiment despite the recent dip.
Citi’s outlook sits above the sector average of 12% revenue growth, and it expects export momentum and wider adoption of Essential series to drive further margin expansion.
With the stock already up over 15% YTD, the 18% upside target could attract new buyers if the company meets its earnings forecast, which is due on Oct 15.