Poging GOUD - Vrij
TINA factor driving LG multiples
Mint Kolkata
|November 19, 2025
The maiden quarterly result of LG Electronics India Ltd after it listed in October was nothing close to electrifying. Ebitda fell 27.7% year-on-year to ₹548 crore in the September quarter (Q2FY26) and the margin contracted 350 basis points (bps) to 8.9%.
Profitability was marred by commodity cost inflation. Raw material costs increased to 70.6% of sales from 68.2% year-on-year and sales promotion expenses were higher. This led to steep earnings per share cuts by brokerages.
Revenue grew 1% year-on-year to ₹6,174 crore. Even so, this was better than peers that reported revenue declining in Q2. LG also gained market share, said Centrum Broking.
The implementation timeline of GST 2.0 weighed on LG's Q2 result. LG raised prices by 1.5%-2% for refrigerators and washing machines, which together accounted for 48% of its sales in FY25. This should ensure that LG returns to a double-digit
uation of 40x P/E, based on Bloomberg consensus estimates for FY27.
Dit verhaal komt uit de November 19, 2025-editie van Mint Kolkata.
Abonneer u op Magzter GOLD voor toegang tot duizenden zorgvuldig samengestelde premiumverhalen en meer dan 9000 tijdschriften en kranten.
Bent u al abonnee? Aanmelden
MEER VERHALEN VAN Mint Kolkata
Mint Kolkata
India must act before the coming AI-pocalypse kicks in
AI enables the state to surveil citizens at a massive scale. This raises serious questions of privacy, freedom and dissidence
3 mins
March 12, 2026
Mint Kolkata
Qualcomm arm eyes India startups to build low-cost AI
Chipmaker Qualcomm’s venture capital arm is looking to back local startups building artificial intelligence (AI) technologies affordable enough to scale globally through its $150 million India-focused fund, according to a top executive at the firm.
2 mins
March 12, 2026
Mint Kolkata
Young savers, retirees prop deposits
Higher than classic fixed deposits.
2 mins
March 12, 2026
Mint Kolkata
Rahejas sell flat in Worli for ₹121 crore
Ravi Raheja, group president of real estate firm K Raheja Corp., and his wife Sumati Raheja, have sold a 6,772 sq. ft apartment at Raheja Artesia, a super-luxury tower in Mumbai's Worli for 121 crore.
1 min
March 12, 2026
Mint Kolkata
IEA proposes largest ever oil release from strategic reserves
The International Energy Agency has proposed the largest release of oil reserves in its history to bring down crude prices that have soared during the U.S.-Israel war with Iran, officials familiar with the matter said.
2 mins
March 12, 2026
Mint Kolkata
VinFast hires veteran auto execs to scale India EV push
The firm recruited over half a dozen leaders from global automakers such as Hyundai, BMW
2 mins
March 12, 2026
Mint Kolkata
Young savers drift away as retirees prop up deposits
Younger savers are no longer reliant on banks to grow their money.
1 min
March 12, 2026
Mint Kolkata
SBI, MUFG Bank tie up to finance deals
State Bank of India (SBI) has entered a strategic partnership with Japan’s MUFG Bank to collaborate on financing mergers and acquisitions (M&As), and aviation and real estate projects to support Indian and global clients, the lenders said in a joint statement on Wednesday.
1 min
March 12, 2026
Mint Kolkata
Iran continues attacks amid global energy supply worry
Iran's military plans to start targeting banks and financial institutions in West Asia
2 mins
March 12, 2026
Mint Kolkata
Wars and their market impact: What the historical record says
The history of conflicts would suggest that shaken stock markets don't take long to regain normalcy
4 mins
March 12, 2026
Listen
Translate
Change font size