Lux Industries records 118 per cent growth in Q4 net profit

The fourth quarter net profit of innerwear and apparel maker Lux Industries jumped 118 per cent to Rs 91 crore as against a net profit of Rs 41 crore reported in corresponding quarter last year. The company’s revenue during the quarter rose 48 per cent to Rs 595 crore, as against Rs 402 crore reported in the corresponding period of the last financial year.

For the financial year 2020-21, Lux Industries’ net profit rose to Rs 269 crore while revenues grew to Rs 1,943 crore. The company witnessed healthy growth in its premium and export segments during the lockdown, says Ashok Kumar Todi, Chairman. Todi expects Q1 FY22 to be relatively weak due to the pandemic and business is expected to improve gradually from the second quarter of the year.