LG Electronics IPO: Here’s how the company stacks up against Havells India and other listed peers

Incorporated in 1997, LG Electronics India offers the widest product portfolio and maintains leadership across multiple categories such as washing machines, refrigerators, panel televisions, inverter air conditioners, and microwaves. The company sell products to B2C and B2B consumers in India and outside India. It also offers installation services, repairs and maintenance services for all products. The company has a strong parentage of the “LG” brand, which gives it access to innovative technologies and a commitment to quality.

LG Electronics India has established itself as the number one player in major home appliances and consumer electronics (excluding mobile phones), maintaining leadership across multiple categories such as washing machines, refrigerators, panel televisions, inverter air conditioners, and microwaves. In the offline channel, LG has had the leading market share position for the last three calendar years.

The company operates through two major business segments: Home appliances & air solutions, accounting for 78.37% of June 2025 revenue and home entertainment, accounting for 21.63%. Under home appliances, refrigerators accounted for 34.59% of revenue, followed by air conditioners with 20.40% and washing machines with 18.48% in Q1FY26. In-home entertainment, televisions accounted for 16.71% of revenue in Q1FY26. This diversified portfolio puts the company in a position to tap demand in both mass and premium product segments.

In the domestic market, LG Electronics competes with Indian, Chinese and global players in the consumer electronics and home appliances industry. Some of its listed peers are Havells India, Voltas, Whirlpool of India and Blue Star.

FY25 financial overview

LG Electronics India outperforms other listed companies in terms of FY25 revenue and net profit. Havells India follows as close second-best performer with revenue of ₹21,778 crore and net profit of ₹1,470.2 crore, but has a market capitalisation of ₹94,231 crore, which is higher compared to LG Electronics' market cap.

Distribution network and manufacturing units

In terms of the distribution network, Blue Star and Havells India have broader coverage with a higher number of brand shops. Meanwhile, LG Electronics India has 800 brand shops and two manufacturing facilities with aggregate capacity utilisation of 76.80% in FY25. It third manufacturing unit is under development in Andhra Pradesh with an investment outlay of ₹5,001 crore, expected to be operational by FY27.

LG Electronics India has nearly three decades of operations experience in India. The company is the market leader across multiple categories, such as washing machines, refrigerators, panel televisions, inverter air conditioners, and microwaves. The company aims to deliver products that meet the core needs of Indian consumers across various price points and build strong brand loyalty through enhanced service experience.

Now, the company is launching its initial public offering (IPO), which consists of an offer for sale of ₹11,607.01 crore. Its shares will be listed on the NSE and BSE. Since the IPO is a complete offer-for-sale. The net IPO proceeds will go to selling shareholders, while the company will achieve the benefits of listing its shares on the stock exchanges.