Whalesbook
ICICI Securities has maintained a BUY rating on LG Electronics India, increasing its target price to INR 1,875. The firm noted LG's steady Q2FY26 performance, market share gains in washing machines, RACs, refrigerators, and TVs. Margins were impacted by elevated advertising and go-to-market investments, expected to normalize in H2FY26. Strategic increases in localization and the commencement of the Sri City plant are anticipated to improve margins and operational control.