Lux Industries Reports a Consolidated Ebidta of Rs 82.26 Crore

KOLKATA:
Lux Industries Limited (LIL) (BSE: 539542 | NSE: LUXIND) today reported its financial performance for the quarter that ended 31st December, 2016. Highlights of the un-audited financial results as compared to the previous quarter and nine months ended 31st December 2015 are:
EBIDTA margin up from 9.82% to 11.97% for Nine months ended.
Profit Before Tax up from 8.16% to 9.65% for Nine months ended.
Cash Profit at 71.33 Cr increased by 23.99% Year on Year basis.
Ashok Todi, Chairman, Lux Industries Ltd. Stated, “Our consistent quarterly improvement in profitability has been due to several reasons- reduced cost, increased production capacity owing to the installation of high technology driven Dankuni plant. Despite the slowdown due to sudden announcement of demonetisation, we have not seen major impact on our business. Since we are operating in this basic and essential product segment the impact has been minimal in terms of sales.”
Further Pradip Todi, Managing Director, Lux Industries Ltd. added “The focused movement towards premium category is a conscious step that we have taken to tap the brand conscious and quality-driven consumers. In a market which is comprised of 50% unorganised player the trend is slowly moving towards being organized. With the implementation of GST we
see further growth of the organised sector with less price difference thus adding to the top line revenue of the organised players.”
The company’s aggregate manufacturing capacity has increased to 1.4 million from 1.2 million pieces 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.