From The Economic Times · Siddhartha Khemka · · 1m 10s
LG Electronics, Polycab among picks for growth
Premiumisation and infrastructure demand boost LG Electronics and Polycab stocks.
In brief
Premiumisation and infrastructure demand boost LG Electronics and Polycab stocks. LG Electronics and Polycab are expected to grow at 20% and 24% annually due to premiumisation and infrastructure demand. Originally reported by The Economic Times.
Festive sales rebound
India’s consumer durables market shows uneven festive recovery with premium products and weather-led demand supporting sales.
TV sales growth
Television sales hold up with premium categories growing 60-100% year-on-year despite panel shortages.
Smartphone market shift
Smartphone volumes declined 10-15% but average selling prices rose 35-40% due to higher-value devices.
Refrigerator demand weak
Refrigerators and washing machines face subdued demand as consumers defer repairs and replacements.
LG Electronics outlook
LG Electronics targets ~20% growth with diversified portfolio, strong export momentum, and Sri City facility expansion.
Polycab financials
Polycab delivered strong 2QFY27 results with revenue/EBITDA growing 53%/44% year-on-year.
Polycab growth targets
Polycab aims for 1.5x industry growth and 8-10% EBITDA margin by FY30 with data centres and EHV plant.
Stock growth projections
LG Electronics and Polycab expected to grow 13%/30%/32% revenue/EBITDA/PAT CAGR over FY26-28.
Market outlook
Sustained recovery requires improved replacement demand and consumer affordability beyond weather-led sales.
What it means
LG Electronics and Polycab are expected to grow at 20% and 24% annually due to premiumisation and infrastructure demand.
