NSE listed Libas Consumer Products has launched inner ware segment Brand - KNG. The company is diversifying into men's innerwear, women's intimate wear (organic fabrics), nightwear, casual wear, etc. which will move the company forward as it looks to be placed as a peer competitor to leading brands.
The company is present on e-commerce platforms Amazon, Flipkart, etc. It expects to generate revenues of Rs.300 crore in the next three years.
Earlier, the company had announced excellent Q1FY22 results (Unaudited) with total revenue jumping from Rs. 3.19 crore in Q1FY21 to Rs. 12.08 crore in Q1FY22 and PAT turned positive from a loss of Rs. 5.65 crore in Q1FY21 to profit of Rs. 1.74 crore in Q1FY22. Earlier this year, the company had also completed a bonus issue of shares.
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