April 27, 2024 01:34 (IST)
Lux Industries Q4FY16 turnover up 3.51% to Rs 940.86 crore
Kolkata, May 30 (IBNS): Lux Industries Ltd. announced that it has registered growth in topline by 3.51% reaching a turnover of Rs. 940.86 crore in 2015-16 against Rs. 908.96 crore in 2014-15.
The bottomline grew by 13.51% touching Rs. 51.34 crore in the year under review, against Rs. 45.22 crore in 2014-15 and has also recorded growth in Earning per share (EPS) with an increase by 13.51% reaching at Rs. 101.65 in the year under review against Rs. 89.55 in 2014-15.
Pradip Todi, Managing Director, Lux Industries Ltd. “At Lux Industries Ltd. we are consistently focusing on the growing markets through new innovative product introductions. This year we have outperformed our success by registering a turnover of INR 940.86 crore which ensured a topline growth by 3.51%. We are one of the fastest growing innerwear companies in India, reporting a compounded annual revenue growth rate (CAGR) of 12.56% over a period of five years leading to 2015-16 as against the textile industry's single-digit percentage growth. We plan to focus on further expansion and bring in more innovation in the products that we will offer to our consumers.”
Lux Industries Ltd. has recently launched LUX COZI GLO collection which has innovative fabrics like cotton modal and has witnessed path breaking success in the market. The company has recently launched TVC with Bollywood star Sushant Singh Rajput and is aiming aggressive growth in the coming quarters.
Support Our Journalism
We cannot do without you.. your contribution supports unbiased journalism
IBNS is not driven by any ism- not wokeism, not racism, not skewed secularism, not hyper right-wing or left liberal ideals, nor by any hardline religious beliefs or hyper nationalism. We want to serve you good old objective news, as they are. We do not judge or preach. We let people decide for themselves. We only try to present factual and well-sourced news.
Support objective journalism for a small contribution.
Latest Headlines
India’s export of premium-quality basmati rice up 22% till Feb 2024 Sat, Apr 27 2024
Small Finance Banks can now apply to become universal banks under the on-tap licesning norms: RBI Sat, Apr 27 2024
Difference Between Demat and Trading Account Fri, Apr 26 2024
SBI Cards Q4FY24 net profit grows 11% YoY to Rs 662.37 cr Fri, Apr 26 2024
Stock market opens in green with Nifty near 22,600 Fri, Apr 26 2024
Vedanta Ltd Q4FY24 net profit drops 27% YoY to Rs 1,369 cr Thu, Apr 25 2024
Swiggy gets shareholders' nod for $ 1.2 billion IPO Thu, Apr 25 2024
HUL Q4FY24 profit drops 6% YoY to Rs 2,406 cr Thu, Apr 25 2024