Source: CNBCTV18
Lux Industries Ltd on Friday reported a 13.5% year-on-year decline in net profit for the fourth quarter ended March to â¹48 crore, down from â¹55.5 crore a year earlier.
Revenue rose 15.6% to â¹814 crore from â¹704 crore in the same period last year, the company said in a regulatory filing.
Earnings before interest, tax, depreciation and amortisation (EBITDA) grew marginally by 1.4% to â¹72.8 crore, compared with â¹71.8 crore a year ago. Operating margin narrowed to 8.9% from 10.2% year-on-year.
The Board of Directors has recommended a dividend of 100%, or â¹2 per equity share of face value â¹2 each, for the financial year ended March 31, 2025. The dividend is subject to shareholder approval at the upcoming Annual General Meeting. The company said its promoters and promoter group have voluntarily waived their right to receive the dividend for FY 2024-25.
Founded in 1995 and headquartered in Kolkata, Lux Industries is one of Indiaâs leading innerwear and hosiery manufacturers, best known for brands such as Lux Cozi, ONN, GenX, and Lyra. The company operates a wide distribution network across India and exports to over 45 countries. Lux has a strong presence in the mass, premium, and women's segments, and competes with players like Rupa & Co., Page Industries, and Dollar Industries in the highly competitive apparel market.
Shares of Lux Industries ended 1% higher at â¹1,583.00 on the BSE.
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