JPMorgan has initiated coverage on LG Electronics India with an overweight rating and a target price of ₹1,920, calling it an attractive play on rising consumer discretionary spending in the Indian market. The brokerage said LG continues to offer best-in-class execution across categories, supported by strong brand equity and operational consistency.
According to JPMorgan, the company is well positioned to benefit from macro tailwinds that are improving the industry’s overall growth trajectory. The brokerage expects revenue and EPS to grow at a CAGR of 12% and 21% respectively over FY26–28, supported by sustained demand momentum and operational leverage. It added that LG Electronics India’s competitive positioning and execution capability make it a preferred pick within the broader consumer durables space.
Disclaimer: The views above are those of JPMorgan. Business Upturn does not endorse them. Please consult a financial advisor before making investment decisions.
