Lyra 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...

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...

Retail

Lyra to add lingerie to its product basket

Lyra will venture into the lingerie and loungewear segments. Lyra is a women's legging brand. Lyra branded lingerie and loungewear will be positioned as an affordable fashion collection. The target will be the independent, New Age woman looking to own a good product at a decent and affordable price. Lyra enjoys a high level of consumer awareness...