Lux Industries Q4 net profits rise 18 per cent

Lux Industries, one of the largest players in the hosiery business has its net profit for the fourth quarter ended March 2019 increase by 18 per cent to reach Rs 38 crore as against Rs 32 crore it in March 2018. Net sales were up 8 per cent from Rs 355 crore it had posted in the corresponding quarter last fiscal.

The company’s total revenue for the fiscal year 2019 stood at Rs 1,218 crore as against Rs 1,079 crore in FY18 reporting a growth of 13 percent. EBITDA and PAT were at Rs 190 crore and Rs 101 crore respectively. The company plans to reduce its working capital requirements, and, for the year FY19, it has been able to improve its operating cash flow to Rs 185 crore. It plans to reduce the working capital cycle further.

Lux Industires has been continuously working on improving financial and operational efficiencies. Its growth in profitability can be attributed to its changing product mix, optimum capacity utilisation and focused marketing and brand building initiatives.