Leveraging its strong product portfolio, the company is actively expanding its general trade presence through robust sales and distribution strategies. Additionally, it has experienced significant growth in alternate channels such as e-commerce, quick commerce, and modern trade, achieving a 19% year-on-year volume increase in the first quarter.
Buy, Sell or Hold: Motilal Oswal maintains buy on LG Electronics; Nuvama, PG recommends buy on Electroplast
Brokerages remain bullish on select stocks despite near-term challenges. Motilal Oswal maintains a Buy on LG Electronics India citing strong demand, while Nuvama backs PG