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Lux Industries Q4FY16 turnover up 3.51% to Rs 940.86 crore

India Blooms News Service | | 30 May 2016, 07:52 pm
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.