LG Electronics India already exports Made-in-India products to over 50 countries and has invested Rs 5,000 crore in its Sri City factory, which will also serve as an export hub
In the past three months, the Nifty Consumer Durable index surged 15 per cent, against a 2.7 per cent rise in the Nifty 50.
LG Electronics India saw its net profit rise 27.2 per cent in Q1 FY27 to ₹653 crore on the back of revenue growth and margin expansion.
Physicswallah, Bharat Dynamics, 3M India, Ashok Leyland and NMDC are among the companies announcing their Q1FY27 results today.
Aditya Birla Real Estate, Brigade Enterprises, LG Electronics, Page Industries, Solar Industries India, and Tata Motors Passenger are among the companies reporting Q1FY27 results.
In 2025 alone, 113 issues raised around ₹1.7 trillion, of which October was the biggest month, with 10 IPOs raising ₹45,188 crore, including a massive ₹35,441 crore through OFS.
Retail investors, said G Chokkalingam, founder and head of research at Equinomics Research, must look at company's valuation relative to listed peers, outlook for the sector before investing.
Shares of air-conditioner makers jumped up to 5 per cent on Wednesday as a delayed monsoon and persistent heatwave boosted demand expectations.
In the March quarter, LG Electronics reported net profit at ₹692.7 crore, as compared to ₹754.5 crore a year ago, down 8 per cent year-on-year (Y-o-Y)
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LG Electronics India reported an 8.2 per cent decline in fourth-quarter net profit as rupee depreciation and elevated commodity prices weighed on margins
Shares of jewellery companies like Titan and Kalyan Jewellers were dragging the overall index down after Prime Minister Narendra Modi's speech at a public event in Hyderabad over the weekend
Analyst said that demand and consumption of electricity may further rise due to more intense heatwaves, with more frequent use of air conditioners, air coolers, and other appliances.
Data showed that in FY25, the extended heatwave drove room AC volumes up by 20-25 per cent Y-o-Y to around 12.5 million units, creating a high base that FY26 has struggled to match.
Following the announcement, the Nifty Consumer Durables index surged 4.48 per cent to hit 35,678 levels during intraday trading on Wednesday
LG Electronics India crosses one million AC sales in Q1 2026, marking its fastest summer start, driven by early product launches, strong demand and supply chain efficiency