Lux Industries Limited was established in 1995 and has since grown to become one of the industry’s major players, with a market share of 14% of the organised sector. It is India’s largest mid-segment hosiery company. In order to meet the expanding needs of clients, the company offers more than 100 goods under 16 different trademarks. Products from the company are offered in 4,50,000 retail locations all throughout India.
Financial Results:
- Lux Industries Ltd. reported Total Income for Q4FY23 of ₹ 725 Crores up from ₹ 593 Crore year on year, a rise of 22%.
- Total Expenses for Q4FY23 of ₹ 684 Crores up from ₹ 492 Crores year on year, rise of 39%.
- Consolidated Net Profit of ₹ 30 Crores, down 59% from ₹ 73 Crores in the same quarter of the previous year.
- The Earnings per Share is ₹ 10.38, down 58% from ₹ 24.53 in the same quarter of the previous year.