CLSA picks LG Electronics India as top consumer durables bet with Rs 1,830 target

CLSA initiated coverage on LG Electronics India with an Outperform rating and Rs 1,830 target, citing premiumisation, rising appliance penetration, strong distribution and local manufacturing. The brokerage forecasts 13% revenue and 24% PAT CAGR through FY26-FY29, joining 31 buy calls on the stock.

— Source publishedWed, 17 Jun, 2026, 09:30 IST·First seen Wed, 17 Jun, 2026, 10:09 IST·Source NDTV Profit

What happened

CLSA initiated coverage on LG Electronics India with Outperform rating and Rs 1,830 target, citing premiumisation, rising appliance penetration, strong

Key facts

  • Rs 1,830 target
  • Rs 1,603 high
  • 2.13% surge
  • 31 buy calls
  • 13% revenue CAGR
  • 24% PAT CAGR
  • FY26-FY29

Why this matters

Strong analyst conviction and Rs 1,830 target signal a re-rating window for premium appliance assets—scan for bolt-on distribution or category-adjacent targets while sector multiples expand.