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.

— Filed Mon, 22 Jun, 2026, 13:10 IST · Source CNBC-TV18 · Retail · Updated

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% penetration, and resilient consumer acceptance despite 10-12% price hikes. Exports targeted to near double digits.

Why this matters

Reinforces bullish broker thesis on LG India after CLSA's Rs 1,830 target and Citi/UBS/Jefferies upgrades, while extending the AI Home premiumization narrative into volume-led AC growth.

Retail-company signals steady at 3,417 over the last 90 days.

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