Net sales in the quarter fell 6.4 percent to Rs 4,114 crore in the October-December quarter.
“Despite lower than expected post-festive demand, LGE India has continued to maintain market leadership in key categories,” the company said in a press release.
“As summer approaches, we are poised to leverage the demand for compressor products through our two-pronged strategy of expanding both premium and ‘LG Essential’ ranges. We remain committed to scaling our high-margin AMC business and capturing the B2B infrastructure opportunities,” said Hong Ju Jeon, Managing Director and Chief Sales and Marketing Officer, LG Electronics India.
The rationalization of US tariffs will help further accelerate the company’s commitment to ‘Make India Global’ as it optimizes production to serve domestic needs as well as expand exports.
“Our third factory, which will be operational by the end of the year, will accelerate our ‘Make India Global’ plans. These developments underline our ability to deliver value to both customers and shareholders, and we remain confident in our long-term trajectory,” he added.
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