LG India eyes 2 million AC sales in CY26 as summer demand absorbs 10-12% price hikes

LG Electronics India crossed 1 million AC units in Q1 CY2026 and is guiding to over 2 million for the full year, betting on low 11% category penetration and resilient demand despite price increases. Exports, now 6% of business, are targeted to near double digits by FY27, supporting mid-teen revenue growth.

— Source publishedMon, 22 Jun, 2026, 13:06 IST·First seen Mon, 22 Jun, 2026, 13:08 IST·Source CNBC-TV18 · Retail

What happened

LG Electronics India crossed 1 million AC sales in Q1 CY2026 and targets over 2 million units for the full year, citing strong summer demand, low 11%

Key facts

  • 1 million AC units Q1 CY2026
  • 2 million units FY target
  • 11% AC penetration
  • 10-12% price hike
  • exports 6% of business, target near double digits FY27
  • side-by-side fridge share >40%
  • OLED TV share >60%
  • market cap ₹1.1 lakh crore
  • mid-teen revenue growth guidance

Why this matters

LG's aggressive volume and export ramp raises the bar for any India consumer durables M&A or JV play, particularly in cooling categories where local capacity and distribution moats are compounding fast.

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