Lux Industries Ltd
NSE:LUXIND

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Lux Industries Ltd Logo
Lux Industries Ltd
NSE:LUXIND
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Price: 1 077 INR -3.05% Market Closed
Market Cap: 32.4B INR

Lux Industries Ltd
Investor Relations

Lux Industries Ltd. engages in the manufacture and sale of knitted apparel. The company is headquartered in Kolkata, West Bengal. The company went IPO on 2015-11-30. The firm's products include men's, women's and kids' innerwear, winterwear, socks and slacks for women in varied colors and designs. Its products for men include vests, gym vests, briefs, boxers, shorts, hoodies and sweatshirts, tracks, capri and t-shirts, among others. Its products for women include t-shirt, round neck t-shirt, leggings, indo-western bottoms, lounger and pyjamas, track pants, shorts, bra and panties, among others. Its products for kids include vests, drawers and trunks, printed t-shirt, high neck t-shirt and round neck t-shirt, among others. Its brands include Lux Cozi, ONN, GenX, Lyra, Lux Infero, Lux Venus, Lux Cott's Wool, One 8, Lux Cozi Big Shot, Lux Venus Classic, Lux Cozi Glo, Lux Nitro, Lux Cozi Her, Lux Touch, Lux Karishma and Lux Mozze. The firm has operations in India and caters to both domestic and international markets.

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Last Earnings Call
Fiscal Period
Q1 2023
Call Date
Aug 10, 2022
AI Summary
Q1 2023

Revenue Growth: Lux Industries reported revenue of INR 572 crores in Q1 FY23, up 36% year-on-year, driven by strong demand across key brands and segments.

Brand Performance: The ONN brand saw sales grow over 94% YoY to INR 30 crores, and womenswear brand Lyra grew 136% YoY to INR 97 crores, now contributing 17% of total revenue.

Margins Impacted: EBITDA margin dropped to 13.6% from 21.6% last year, mainly due to high-cost inventory and raw material price volatility.

PAT Decline: Profit after tax fell to INR 50 crores from INR 64 crores YoY, with PAT margin at 9%.

Raw Material Relief Ahead: Management noted that raw material (cotton/yarn) prices have started to decline, which should support margin recovery in coming quarters.

Working Capital: The working capital cycle increased to 209 days due to inventory buildup but is expected to normalize by the end of Q3.

CapEx and Expansion: CapEx of INR 50 crores approved for Ludhiana; prior INR 110 crores investment in the East is near completion and expected to generate INR 400 crores in annual revenue over 2-3 years.

Distribution Focus: The company has 1,170 distributors and aims to increase penetration in under-represented regions, especially South India.

Key Financials
Revenue
INR 572 crores
ONN Brand Net Sales
INR 30 crores
Lyra Brand Net Sales
INR 97 crores
Lyra Contribution to Revenue
17%
ONN Contribution to Revenue
5%
Exports Share of Revenue
6%
EBITDA
INR 78 crores
EBITDA Margin
13.6%
PAT
INR 50 crores
PAT Margin
9%
Working Capital Cycle
209 days
Inventory Days
143 days
Cash and Cash Equivalents
INR 110 crores
Ad Spend
INR 42 crores in Q1 FY23
Brand Investment (last 6 years)
INR 836 crores
Number of Distributors
1,170
Other Earnings Calls

Management

Mr. Ashok Kumar Todi
Executive Non-Independent Chairman
No Bio Available
Mr. Pradip Kumar Todi M.D.
MD & Executive Non-Independent Director
No Bio Available
Mr. Ajay Nagar
Chief Financial Officer
No Bio Available
Mr. Bibekananda Maity
Chief Information Officer
No Bio Available
Ms. Smita Mishra
Company Secretary & Compliance Officer
No Bio Available
Mr. Saket Todi
President of Marketing & Executive Non-Independent Director
No Bio Available
Mr. Udit Todi
President of Strategy & Executive Non-Independent Director
No Bio Available
Mr. Rahul Kumar Todi
Executive Non-Independent Director
No Bio Available
Mr. Rajendra Kumar Bhutoria
Vice President of HR & Admin
No Bio Available

Contacts

Address
WEST BENGAL
Kolkata
P.S. Srijan Tech Park, DN 52,, Sector V, 10th Floor Salt Lake City,
Contacts