May 30 2016, 17.45 PM IST || Pocket News Alert
PAT up 13.51% to Rs 51.34 crore, Turnover up 3.51% to Rs 940.86 crore, EPS up by 13.51%
Chandigarh, 30th May, 2016: Lux Industries Ltd. (BSE: 539542 | NSE: LUXIND) announced that it has registered growth in topline by 3.51% reaching a turnover of Rs. 940.86 crore in 2015-16 against Rs. 908.96 crore in 2014-15. The bottomline grew by 13.51% touching Rs. 51.34 crore in the year under review, against Rs. 45.22 crore in 2014-15 and has also recorded growth in Earning per share (EPS) with an increase by 13.51% reaching at Rs. 101.65 in the year under review against Rs. 89.55 in 2014-15.
Mr. Pradip Todi, Managing Director, Lux Industries Ltd. “At Lux Industries Ltd. we are consistently focusing on the growing markets through new innovative product introductions. This year we have outperformed our success by registering a turnover of INR 940.86 crore which ensured a topline growth by 3.51%. We are one of the fastest growing innerwear companies in India, reporting a compounded annual revenue growth rate (CAGR) of 12.56% over a period of five years leading to 2015-16 as against the textile industry's single-digit percentage growth. We plan to focus on further expansion and bring in more innovation in the products that we will offer to our consumers.”
Lux Industries Ltd. has recently launched LUX COZI GLO collection which has innovative fabrics like cotton modal and has witnessed path breaking success in the market. The company has recently launched TVC with Bollywood star Sushant Singh Rajput and is aiming aggressive growth in the coming quarters. The company’s aggregate manufacturing capacity is at 1.2 million garments per day across more than 11 manufacturing facilities in India. Lux Industries Ltd. has more than doubled its revenue in the past 5 years and is constantly pushing its boundaries to increase its turnovers while maintaining its uncompromising stance on quality. Lux as a brand continues to strengthen its leadership in the innerwear category by unlocking comfort and style.
About LUX INDUSTRIES LTD.
Lux Industries Ltd. (BSE: 539542 | NSE: LUXIND) manufactures more than 100 products across 12 major brands comprising a complete range of innerwear for men, women, and children. Lux produces vests, T-shirts, briefs, boxers, spaghettis, thermals, panties, and leggings represented by some of the most prominent brands. These brands comprise category leaders such as LUX Cozi Innerwear, ONN Premium Wear, LUX Lyra, LUX Bigshot, GenX Style Inners, LUX Venus, LUX Cottswool, LUX Inferno, LUX Classic, LUX Mozze and LUX Karishma. Lux is present in more than 45+ countries and has reiterated its leadership position in the domestic market with 900 dealer and distributor network. The brands manufacturing capacities stands at 1.2 mn garments per day across 11 manufacturing facilities.