ONN 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...

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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...

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Retail

ONN: Woos young India with trendy styles, fits and comfort

Aiming to be the best youth innerwear, sportswear and leisure wear brand in India, ONN premium wear launched two new ranges: ONN Active and ONN Stretch comprising of casual and innerwear with the clear intent of capturing the A and A+ retailers. As Saket Todi, Senior Vice President, Lux explains, “With new ONN Stretch, the brand has introduced a...

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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...

Fashion

Lux to foray into large format stores for bigger reach

Lux, the popular brand of inner and thermal wear has unveiled its new winter range and is ready with its Spring/Summer 2014 collection. It has come up with three popular varieties of thermals for winter under the brand: Lux Charger, Lux Cottswool and Lux Inferno. It’s also looking at expanding its retail presence throughout the globe and India....