JPMorgan has maintained its Overweight rating on LG Electronics with a target price of Rs 1,620 following management meetings. The brokerage highlighted management’s confidence in returning to low-teens revenue growth, assuming no major seasonal disruptions, along with achieving a double-digit margin in FY27.
After a subdued performance in the first nine months of FY26, the fourth quarter has begun on a positive note, with summer-centric categories gaining momentum. Near-term summer offtake for air conditioners remains a key catalyst for share price performance, according to the brokerage.
Management cited a significant increase in export revenue, with a target to double exports in FY27, and a scale-up of the entry-level Essential range of appliances as key growth priorities. The B2B segment and the annual maintenance contract portfolio were identified as additional growth levers.
JPMorgan also noted that the commercialisation of a new manufacturing unit in Andhra Pradesh, expected in late 2026, is likely to support execution. The brokerage forecasts revenue and earnings per share compound annual growth rates of 12 per cent and 24 per cent respectively over FY26–28.
Disclaimer: The views and investment tips expressed above are those of the brokerage and do not represent the views of this publication. This article is for informational purposes only and does not constitute investment advice.