Lux Industries news and archive

Lux Industries’ Q3 net profits rise 40 per cent

For the third quarter Lux Industries’ net profit increased 40 per cent. The company’s revenue for the quarter grew seven per cent driven by a better product mix of products and increased share of value-added products. Lux has also been working on improving cost efficiencies. PAT for the quarter grew by 40 per cent. Lux has delivered strong...

Retail

Virat Kohli to launch men’s innerwear range one8

Indian cricket captain Virat Kohli will launch a new men’s innerwear range under his 'one8' brand in association with Artimas Fashions, a subsidiary of Lux Industries. One of the highest-paid sports celebrity in the country, Kohli has a Rs 110-crore deal with German sports and athleisure brand Puma for one8-branded appaewl, footwear and...

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Business

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...

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Business

Lux Industries sees a seven per cent rise in Q1 revenue

Lux Industries’ Q1 revenues grew seven per cent. Ebitda margins grew 150 basis points to 14.6 per cent. There was a strong improvement in pat margins by 70 basis points to 7.1 per cent. Lux Industries is one of India's largest hosiery producers and exporters. The company is continuously reducing its working capital cycle and improving cash...

Fashion

Lux Industries to launch premium active wear and lounge wear

Kolkata-based hosiery maker Lux Industries will strengthen its brand in India through its premium product line and by entering newer markets. The company will launch premium active wear and lounge wear for men next month under its brand GenX, and premium women lingerie, priced at Rs 170 to Rs 400, under the brand Lyra will hit the market in four...

Retail

Virat Kohli launches premium innerwear, sleepwear line under One8

Indian cricket captain Virat Kohli is ready to launch a collection of premium men’s innerwear and sleepwear under his brand ‘One8’. Kohli has entered into an exclusive brand licensing agreement with Kolkata-based Lux Industries for designing, manufacturing and marketing the range. Kohli plans to launch his private line of innerwear including...

Retail

Lux Industries looking for global licensing agreements to pep up range

Hosiery major Lux Industries is scouting opportunities in production and marketing licensing for global brands for inorganic growth. Recently another hosiery company Dollar Industries inked a partnership with Pepe Jeans for producing and marketing innerwear in India. Lux Industries senior vice president Saket Todi says the company is in advanced...

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Business

Lux rejigs growth strategy aiming for Rs 2,000-cr sales by 2020

Kolkata-based hosiery maker Lux Group has reworked its growth aimed at touching Rs 2,000 crore in sales by 2020. The focus is now more on youth and the brand is also premiumisation its innerwear brands and portfolio extensions. Our focus is on creating an enduring institution that represents an attractive investment opportunity for both existing...

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Business

Lux Industries sees bottomline growth of 13.51 percent in Q4

Lux Industries has registered 3.51 percent growth in topline reaching a turnover of Rs 940.86 crores in 2015-16 against Rs 908.96 crores in 2014-15. The bottomline grew by 13.51 percent touching Rs 51.34 crores in the year under review against Rs 45.22 crores in 2014-15. The company also recorded growth in earnings per share (EPS) with an...

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Business

Shares of hosiery player Lux to get listed on NSE

Leading India hosiery player Lux Industries' shares will soon get listed on the National Stock Exchange. Currently, the company's shares are listed on the Calcutta and Ahmedabad stock exchanges but as per the company's annual report for 2014-15, shares were not traded on both these stock exchanges. But brokers are of the opinion that the company...

Apparel

Lux to invest Rs 1 bn on expansion

Lux Industries, a major player in Indian innerwear market is planning to infuse Rs one billion for expansion. Eyeing the growth potential in premium innerwear and undergarments segment, the company wants to utilise the funds for machineries, marketing and to introduce new products. “We plan to have additional investment of Rs 100 crores on...

Apparel

Lux Innerwear looking for BSE listing

After the successful launch of Lux innerwear in the Indian market, Lux Industries is looking at venturing into the BSE stock exchange and trading its stocks under the Lux Innerwear brand name. Its competitors are already listed on the BSE and are performing well. For example, despite bad market scenario, Lovable Lingerie doubled its profits...