LUX INDUSTRIES LTD. – registers top line growth of 10.08% in Q1 2016-17

Posted by: at 8/16/2016 06:19:00 am

QUARTERLY TURNOVER OF 
RS 183.20 CRORE, UP 10.08% Q1-O-Q1
QUARTERLY EBIDTA OF RS 19.99 CRORE, UP 21.74% Q1-O-Q1
QUARTERLY PAT OF RS 10.17CRORE, UP 17.98% Q1-O-Q1

LUX INDUSTRIES LTD. – registers top line growth of 10.08% in Q1 2016-17

Chandigarh, 16th August, 2016: Lux Industries Limited (LIL) (BSE: 539542 | NSE: LUXIND) today reported its financial performance for the quarter that ended 30th June, 2016. Highlights of the un-audited financial results as compared to the previous quarter ended 30th June 2015 are:
FINANCIAL PERFORMANCE

QE June 2015
QE June 2016
Growth wrt Q1 FY 16


Rs in Crores

Rs in Crores

Rs in Crores
Turnover

166.42

183.20
10.08%
16.78
EBIDTA
9.87%
16.42
10.91%
19.99
21.74%
3.57
Profit Before Tax (PBT)
7.76%
12.92
8.56%
15.68
21.36%
2.76
PAT
5.18%
8.62
5.55%
10.17
17.98%
1.55
EPS (FV Rs 2/- per Equity Share)

3.41

4.00



·            Top line growth at 10.08% - better than 3.57% in FY 2016
·            EBITA margin up by 104bps Q1-on-Q1. At 10.91% it’s higher than 10.08% in FY 2016.
·            Profit Before Tax up 80 bps.
·            Cash Profit increased by 17.51% to http://www.finance.kar.nic.in/images/rupeesymbol.jpg11.34 Crore (from http://www.finance.kar.nic.in/images/rupeesymbol.jpg9.65 Crore)
·            Revenue Growth contributed by volume was 60% and contribution by value was 40%

Mr. Ashok Todi, Chairman, Lux Industries Ltd. Stated, “At Lux Industries Ltd. we are consistently focusing on the growing markets through new innovative product introductions. Lux Industries Ltd. have always crafted industry benchmarks and the growth in the first quarter of the current fiscal year reiterates our position as  one of the fastest growing innerwear companies in India. Our share of exports remained at 13% in spite of single digit growth that the industry has been experiencing. Our aim would be to maintain the sales growth rate achieved in this quarter and we expect better contribution from the winter products like Lux Cottswool and Lux Inferno in next two quarters.”


Further Mr Pradip Todi, Managing Director, Lux Industries Ltd. added In this quarter we have commenced the commercial production at our Dankuni Plant in West Bengal, which is by far the largest facility across the country. The new unit currently has a total capacity of 500,000 pieces per day. The company now produces 1.2 million pieces per day and expects to add another 200,000 pieces per day taking it up to 1.4million.  Our focus would remain in bringing more innovation in the products that we will offer to our consumers over the course of FY17.”

In the men’s category the company also introduced ONN Casualz, foraying into a range of casual wear with Track Pants, Shorts, T-shirts and Three-Quarter Pants. Other new products includes LUX COZI GLO collection which has innovative fabrics like cotton modal and has witnessed path breaking success in the market.

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 Bigshot, GenX Style Inners, LUX Venus, LUX Cott’swool, 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 over 900 dealer and distributor network. The brands manufacturing capacities stands at 1.2 mn garments per day across 11 manufacturing facilities.  
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