LG Electronics India wins GST relief as ₹117 crore tax and penalty demand is dropped
GST authorities dropped a ₹116.72 crore demand (₹58.36 crore principal tax plus ₹58.36 crore penalty) against LG Electronics India for FY22, ruling in the company's favour. Alongside, LG reports strong AC sales, normalised channel inventory, and retail partners prepping for festival season, holding mid-teen revenue growth guidance for 2026.
GST authorities dropped a ₹116.72 crore tax and penalty demand against LG Electronics India for FY22, ruling in its favour. Company reports strong AC sales, normalised channel inventory, and retail partners prepping for festival season, maintaining mid-teen revenue growth guidance for 2026.
Why this matters
The GST relief lands as LG India eyes 2 million AC sales in CY26 and draws bullish analyst calls, with CLSA naming it a top consumer durables bet at a Rs 1,830 target.
Retail-company signals accelerating at +505800% QoQ.