Nomura: LG Electronics India may be an investment target for the high-end pricing of consumer durable goods in the Indian market.

Nomura analysts stated in a research report that LG Electronics India may be an investment target for the mid-to-high-end market in the Indian consumer durable goods market. These analysts pointed out that the consumer electronics company increased its market share in various categories including televisions and refrigerators in the second quarter of the 2026 fiscal year, and its new "Essential Series" products for first-time buyers are receiving good feedback in regional markets. The company, listed in India, is expected to expand its profit margin at the current level due to price increases, increasing localization levels, favorable product mix, and operating leverage. Nomura raised the stock's target price from 1,800.00 Indian Rupees to 1,900.00 Indian Rupees to reflect the rolling forward of the valuation model, while maintaining its buy rating unchanged. The stock rose by 0.4%, reaching 1,624.45 Indian Rupees.