LG Electronics Share Price Target 2026: As India heads into the summer season, rising temperatures are expected to drive strong demand for air conditioners, positioning home appliance companies for potential growth. Brokerage firms Emkay Global and Centrum Equity have expressed a positive outlook on LG Electronics India, citing seasonal demand tailwinds and pricing actions as key growth drivers.
Emkay Global reiterates ‘BUY’ rating
Emkay Global has reiterated a “BUY” rating on LG Electronics India, assigning a target price of Rs 1,900. This implies an upside of 21.5 per cent from the current market price of Rs 1,564.
The brokerage noted that the company is expected to deliver steady performance despite near-term challenges. LG Electronics India has indicated that ongoing LPG supply concerns are unlikely to impact production, as it has sufficient coverage until March 2026. The company is also transitioning towards alternative fuels such as PNG and diesel, although some vendors continue to face supply constraints.
In the room air conditioner (RAC) segment, the company has entered the summer season with normalised inventory levels following earlier destocking. Management highlighted that demand remains highly sensitive to temperature trends, with even short periods of intense heat capable of significantly reducing channel inventory.
Additionally, recent price hikes across RACs and other appliances are expected to support margins, which are projected to remain in double digits.
Centrum Equity maintains positive outlook
Centrum Equity has also maintained a “BUY” rating, with a revised target price of Rs 1,850 based on 40x FY28E EPS. This represents an upside of 18.2 per cent from the current market price.
The brokerage highlights that the company has implemented price hikes across segments, including 7–9 per cent increases in air conditioners and around 2 per cent in washing machines and refrigerators. Television prices, however, remain unchanged ahead of new product launches scheduled for April 2026.
Centrum further noted that air conditioner sales have remained strong despite a high base, while washing machines and televisions recorded double-digit growth in early 2026.
As of 10:05 am, shares of LG Electronics were trading at Rs 1,588.10, up 2 per cent or Rs 24. The stock touched an intraday high of Rs 1,596.90, marking a gain of 2.1 per cent during the session.
Outlook on LG Electronics
With summer demand acting as a key catalyst, coupled with strategic price hikes and stable margins, brokerages remain optimistic about LG Electronics India’s performance trajectory despite near-term growth moderation.
(Disclaimer: The above article is meant for informational purposes only, and should not be considered as any investment advice. ET NOW DIGITAL suggests its readers/audience to consult their financial advisors before making any money-related decisions.)
