Citi maintained a Buy rating on LG Electronics India with a target price of Rs 2,025. The brokerage expects 15 per cent revenue growth in Q2 FY27. It said the company’s two-track strategy helped it deliver strong growth. Shares traded at Rs 1,710.60 on the BSE on Thursday afternoon.

Citi has maintained its Buy rating on LG Electronics India with a target price of Rs 2,025, putting the stock on a 90-day positive catalyst watch.

The brokerage expects the consumer electronics maker's growth momentum to remain strong in the second quarter of FY27, following a strong performance in the June quarter.

Citi expects 15 per cent year-on-year revenue growth and 20 per cent EBITDA growth in Q2 FY27. It said LG Electronics India's two-track strategy, focused on premium and essential products, has helped the company deliver strong growth without margin dilution.

The brokerage expects premiumisation and price hikes to offset headwinds from raw material costs and currency movements.

Citi sees further growth opportunities for LG Electronics India over the medium term from an acceleration in exports and higher adoption of its Essential series.

According to the brokerage, these factors could support both revenue growth and margin improvement.

LG Electronics India reported its financial results for the quarter ended 30 June 2026 on 13 August.

For Q1 FY27, consolidated profit after tax rose 27.2 per cent year-on-year to Rs 652.9 crore from Rs 513.3 crore in the year-ago quarter. Revenue from operations increased 15.5 per cent to Rs 7,233.4 crore from Rs 6,262.9 crore.

EBITDA rose 26.2 per cent year-on-year to Rs 904.3 crore from Rs 716.5 crore. The EBITDA margin expanded to 12.5 per cent from 11.4 per cent a year earlier, an improvement of 106 basis points.

The company said the June quarter marked its strongest quarterly performance since listing.

Growth was broad-based, with all categories contributing to the performance. Demand for larger television screens, premium-capacity refrigerators and air conditioners supported growth during the quarter.

The home appliances and air solution segment reported a 13.6 per cent rise in revenue to Rs 5,577 crore. Segment EBIT increased 13.8 per cent to Rs 642 crore.

The company has also highlighted premiumisation, exports and the expansion of its Essential product range as key growth drivers for the current financial year.

Shares of LG Electronics India were trading at Rs 1,710.60 on the BSE at around 1:30 pm on Thursday, down Rs 10.20, or 0.59 per cent, from the previous close of Rs 1,720.80.

The stock opened at Rs 1,720 and touched an intraday high of Rs 1,743.55 and a low of Rs 1,700. Its 52-week high stands at Rs 1,755.55, while the 52-week low is Rs 1,300.40.

Citi's Rs 2,025 target is around 17 per cent above Wednesday's closing price of Rs 1,723.50.