LG Electronics India shares climbed 3% following the announcement of its new convertible chest freezer range launch. According to market data, the stock was trading 2.12% higher at ₹1,662.70 per equity share around 2:22 PM on September 17, 2026. The scrip has demonstrated strong momentum with a 1% gain in the past week and 12% increase on a year-to-date basis. The stock has traded within a range of ₹1,304.10 (year's low on April 2, 2026) to ₹1,755 (52-week high on August 17, 2025).
In a regulatory filing, LG Electronics India announced the launch of its convertible chest freezer range, marking a significant expansion to its refrigeration portfolio. The company stated it brings its expertise in cooling technology to the evolving cold-storage requirements of businesses across retail, HoReCa, dairy, ice cream, pharma and food storage sectors. The new range allows users to switch between chilling and deep-freezing modes across a wide temperature range of -31°C to +10°C, providing business owners flexibility without investing in multiple appliances.
The LG Convertible Chest Freezer portfolio comprises six models across 102L, 205L, 315L and 530L gross capacities, available across PRO and PLUS series variants. According to the company announcement, the range will be available in capacities and configurations designed to meet different business needs, with prices ranging from ₹28,990 to ₹62,990. This pricing structure positions the product competitively across various commercial and residential applications.
Young Min Hwang, Home Appliances Solution Sales Division Leader at LG Electronics India, commented on the development, stating that commercial refrigeration represents an important and evolving opportunity in India. He emphasized that businesses across retail, HoReCa, dairy, ice cream, pharma and food storage sectors are seeking reliable and flexible solutions for their growing cooling and storage needs. Hwang noted that the new range brings together LG Electronics' focus on technology, energy efficiency, durability and ease of operation to deliver solutions designed around practical business requirements.
The chest freezer launch comes alongside strong financial performance from LG Electronics India. According to recent results, the household appliances manufacturing firm reported a net profit of ₹652 crore for Q1 FY27, marking a 27% jump from ₹513 crore in the same period last year. The company's revenue from operations grew 15% to ₹7,233 crore in the April-June quarter compared to ₹6,263 crore in the corresponding quarter of the previous fiscal year, driven by volume- and value-led growth. As of September 17, 2026, LG Electronics India has a total market capitalisation of ₹1.13 lakh crore according to NSE data.
