Lux Industries Q4 net jumps to Rs 90.6cr, Retail News, ET Retail

Kolkata: Innerwear maker Lux Industries has witnessed a 118% bounce in net profit to Rs 90.6 crore in the fourth quarter of 2020-21. The revenue for the quarter was up by 49% to Rs 601 crore.

Commenting on the industry developments, Lux Industries chairman Ashok Kumar Todi reported, “We are delighted to report a resilient general performance for the quarter long gone by. The general performance has been driven by progressive improvement in need and use throughout the innerwear industry.”

He pointed out that inspite of the local lockdown due to the Covid-19 pandemic and the resulting problems through the quarter, it witnessed healthier traction for financial system and mid-high quality groups and noticed a gradual pickup in our high quality and export segment.