Concerning the present scenario, Mr. Ashok Kumar Todi, Chairman stated, “While demand remains strong, the supply situation is likely to be adversely impacted by disruptions from COVID-19 lockdowns in India. We will remain agile to address the challenges and drive consistent, competitive, and cash accretive growth over the medium to long term. The export market is showing a strong traction and majority of requirement is coming towards India. Strategy towards expansion is in place to increase the manufacturing and supply chain capacity to tab the market share in the ladies and kids segment.”
Commenting on the Financial Results, Mr. Pradip Kumar Todi, Managing Director stated, “Revenue for the quarter is at an all-time high with a top line of around 601 Crore with a growth of 49.02%. EBITDA has shown a record growth and stands at Rs. 128.96 Crores an accelerated growth @ 95.16%, while PAT stands at Rs. 90.64 Crores with the growth of 118.46% respectively for Q4 FY 21. This is mainly attributed to the simultaneous volume and pricing growth across product segments.”
Mentioning the Results and means ahead Mr. Saurabh Bhudolia, CFO stated, “During the FY 2021, Top line stands at around 1965 Crore with a growth of 17% and PAT has grown @52% with an absolute number of around 269 Crore. Company has generated an operating cash flow of Rs. 388.54 Crore out of which around Rs. 66.11 crore has been used for Capex and around Rs. 112.04 crore to repay the borrowings. On the closing date, the company has a net cash balance of Rs. 84.69 crore, and Gross Cash and Cash Equivalents stands at 261.43 Crore. Our working capital days were reduced to 122 days as compared to 160 days for the FY ended 2020. Our prudent financial decisions have helped us reduce our debt and become a net cash company.”
Lux Industries Ltd has a single-point agenda on funding in its individuals and IT. Corporate governance is at the topmost agenda measures are being taken for sufficient Internal Controls.
Lux which is a dominant participant in the males’s innerwear phase can also be accelerating its growth driver by way of new expansions to seize the market share in the girls and children phase. With the enterprise of Genx and Lyra getting merged into Lux, the firm can have a bigger product providing that additionally presents premium innerwear below the model ONN and ONE8. Post-merger Lux Industries Ltd. can be amongst the high corporations in phrases of quantity pan India smart reaching as much as 300 million items for FY 2021.
Online sales which had greater than doubled in the previous couple of quarters and constantly exhibiting this identical growth trajectory and is predicted to succeed in to Rs. 100cr mark inside subsequent 3 to 4 years. EBOs below the identify of Cozy World are the new choices which can once more assist to speed up and obtain the imaginative and prescient.
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