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Lux Industries Ltd Q3FY24; 12% rise in Profits

Lux Industries Limited was incorporated in 1995 and has emerged as one of the largest players in the hosiery business having a market share of 14% of the organised industry. It is the largest mid-segment hosiery enterprise in India. The Company has more than 100 products across 16 brands to address the growing need of customers. Company’s products are available in ~4,50,000 retail points spread across India.

Financial Results:

Lux Industries Ltd reported Revenues for Q3FY24 of ₹447.00 Crores down from ₹459.00 Crore year on year, a fall of 2.61%.

Total Expenses for Q3FY24 of ₹424.00 Crores down from ₹439.00 Crores year on year, a fall of 3.42%.

Consolidated Net Profit of ₹19.00 Crores up 11.76% from ₹17.00 Crores in the same quarter of the previous year.

The Earnings per Share is ₹6.72, up 11.81% from ₹6.01 in the same quarter of the previous year.

*It is important to note that the way the results have been accounted for are slightly different than the ones the companies may choose to publish.

*The presented data is automatically generated. It may occasionally generate incorrect information.

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