CEO Weekly
No Result
View All Result
  • Business
  • News
    Europe aims for clean energy, says might have to use coal a little longer

    Europe aims for clean energy, says might have to use coal a little longer

    Life-threatening consequences as world’s ocean reach most acidic levels

    Life-threatening consequences as world’s ocean reach most acidic levels

    Gas prices in the U.S. to increase amid warmer weather

    Gas prices in the U.S. to increase amid warmer weather

    Mastercard

    Mastercard launches program that lets buyers pay through biometrics

    Japan

    Test initiatives done as Japan plans to reopen borders to tourists

  • Politics
    Deportation Plan for Asylum Seekers Delayed

    UK’s Deportation Plan for Asylum Seekers Delayed

    Threatening the Lives of Election Officials, a Texan Man is Charged

    Threatening the Lives of Election Officials, a Texan Man is Charged

    Biden’s Vaccine Mandate for Federal Employees is Rejected by a Federal Court

    Biden’s Vaccine Mandate for Federal Employees is Rejected by a Federal Court

    Biden Grilled Trump on Migrant Family Separation and Other Issues on the Last Presidential Debate

    Biden Grilled Trump on Migrant Family Separation and Other Issues on the Last Presidential Debate

    Texas Leads the Nation in the Early Rise of Votes

    Texas Leads the Nation in the Early Rise of Votes

  • Leadership
    H&R Training Professionals: Helping Single Fathers Re-Organize Their Lives

    H&R Training Professionals: Helping Single Fathers Re-Organize Their Lives

    Long-Serving Southwest Airline CEO Gary Kelly to Step Down Early 2022

    Long-Serving Southwest Airline CEO Gary Kelly to Step Down Early 2022

    Team Made Real Estate Proves that Teamwork Does Make the Dream Work

    Team Made Real Estate Proves that Teamwork Does Make the Dream Work

    NBA Champion Horace Grant & City Council Candidate Prince Rav Yisrael Pledge  $10,000 to Sparta Charities

    NBA Champion Horace Grant & City Council Candidate Prince Rav Yisrael Pledge $10,000 to Sparta Charities

    How Security Leadership Must Have and Their Roles During the COVID-19 Pandemic

    How Security Leadership Must Have and Their Roles During the COVID-19 Pandemic

  • Entertainment
    Taylor Swift delivers speech at the NYU graduation ceremony

    Taylor Swift delivers speech at the NYU graduation ceremony

    The Umbrella Academy Season 3

    First Look: The Umbrella Academy Season 3

    Razor Ramon’s Scott Hall

    Razor Ramon’s Scott Hall Dies at 63

    Star Wars Hotel

    Disney World Calendar Shows Vacancies for 100-Room, $5,000 ‘Star Wars’ Hotel

    Sandra Bullock

    Sandra Bullock Reveals Embarrassment over ‘Speed 2’

  • Lifestyle
    Japan’s Anti-Procrastination Cafe

    Japan’s Anti-Procrastination Cafe Wants to Help Writers Catch Deadlines

    Astro Home Robot

    Amazon Blazes Trail in Technology with the Announcement of Its Astro Home Robot

    How the Pandemic Triggers The Insomnia

    How the Pandemic Triggers The Insomnia

    How Diet Can Manage Overactive Bladder

    How Diet Can Manage Overactive Bladder

    At-Home Covid Tests: What is it and How to Use it?

    At-Home Covid Tests: What is it and How to Use it?

  • Contact Us
No Result
View All Result
CEO Weekly
No Result
View All Result
Home Leadership

Lux Industries Ltd Continues the Growth Streak with a 49% Rise in Revenues for Q4

Michelle Hopkins by Michelle Hopkins
June 1, 2021
in Leadership
Lux Industries Ltd Continues the Growth Streak with a 49% Rise in Revenues for Q4
Share on Facebook

With the emergence of the COVID-19 pandemic, industries from across the globe have been adversely impacted by the current economic conditions and trends. As a matter of fact, businesses worldwide have resorted to various means and have taken crucial courses of action to keep themselves afloat. In the case of Lux Industries Ltd, it is shown that resilience in the face of adversities can allow businesses to grow and flourish despite the difficulty of the times. 

Standing at the helm of Lux Industries Ltd, Mr. Ashok Kumar Tod, the chairman shed light on the current situation. “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 chairman said. “The export market is showing strong traction, and the majority of requirements are 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,” he added. 

In the same interview, Mr. Pradip Kumar Todi, the managing director of Lux Industries Ltd, commented on the company’s rather impressive financial results. “Revenue for the quarter is at an all-time high with a top line of around 601crore with a growth of 49.02%. EBITDA has shown a record growth and stands at Rs. 128.96 crores, an accelerated growth at 95.16%, while PAT stands at Rs. 90.64 crores with a growth of 118.46%, respectively, for Q4 FY 21. This is mainly attributed to the simultaneous volume and pricing growth across product segments,” he explained. 

To further enlighten the public on how Lux Industries Ltd is doing during the pandemic, Mr. Saurabh Bhudolia, the chief financial officer, went deeper into the financial results. “During the FY 2021, the top line stands at around 1965 crore with a growth of 17%, and PAT has grown at 52% with an absolute number of around 269 Crore. The 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 crores and gross cash and cash equivalents stand at 261.43 crores,” he shared. “Our working capital days were reduced to 122 days as compared to 160 days for the financial ending 2020. Our prudent financial decisions have helped us reduce our debt and become a net cash company,” he concluded. 

Widely acknowledged for being a beacon of excellence and integrity, Lux Industries Ltd has a single-point agenda on investment in its people and IT. With corporate government at the forefront of its goals and targets, extreme measures are being taken for adequate internal controls. 

As it continues to move to the summits of the industry, Lux Industries Ltd. is now considered a dominant player in the men’s innerwear segment and is also accelerating its growth driver via new expansions to capture the market share in the ladies and kids segment. With the business of Genx and Lyra getting merged with Lux, the company will have a larger and wider product offering that also offers premium innerwear under the brand ONN and ONE8. 

After the anticipated merger, Lux Industries Ltd. would be among the top companies in terms of volume in PAN India while reaching up to 300 million pieces for the financial year in 2021. On top of that, online sales, which had more than doubled in the last few quarters and continuously showing this same growth trajectory, is expected to reach the Rs. 100 crores mark within the next three to four years. Under the name of Cozy World, EBOs are expected to accelerate and achieve this vision. 

Previous Post

Anthony DeMello’s Legacy Continues on through Stop Fixing Yourself, Wake Up, All Is Well

Next Post

Vanessa Shaw Building a Business Growth Revolution

Michelle Hopkins

Michelle Hopkins

Michelle is a pro-life and anti-fake news advocate. She campaigns her advocacy on social media and on her website. She writes about the importance of authentic news writing, politics and leadership.

Next Post
Vanessa Shaw Building a Business Growth Revolution

Vanessa Shaw Building a Business Growth Revolution

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Recent News

Europe aims for clean energy, says might have to use coal a little longer

Europe aims for clean energy, says might have to use coal a little longer

May 21, 2022
Cleaning Bee Pro Keeping Charlotte, North Carolina, Clean One Property at a Time

Cleaning Bee Pro Keeping Charlotte, North Carolina, Clean One Property at a Time

May 20, 2022
Taylor Swift delivers speech at the NYU graduation ceremony

Taylor Swift delivers speech at the NYU graduation ceremony

May 19, 2022
Incoming months hard for business owners, CEOs concur in survey

Incoming months hard for business owners, CEOs concur in survey

May 19, 2022
Life-threatening consequences as world’s ocean reach most acidic levels

Life-threatening consequences as world’s ocean reach most acidic levels

May 19, 2022
Gas prices in the U.S. to increase amid warmer weather

Gas prices in the U.S. to increase amid warmer weather

May 18, 2022
Russia

Russian-Ukraine war and intense heat prompt countries to impose export restrictions

May 18, 2022
Netflix

Netflix lays off 150 staff following drop in number of subscribers

May 18, 2022
nnn Properties: 7 ways to spot a good deal on them

nnn Properties: 7 ways to spot a good deal on them

May 17, 2022
Mastercard

Mastercard launches program that lets buyers pay through biometrics

May 17, 2022
Stina Aleah Instills Hope with Her Breathtaking Oil Paintings

Stina Aleah Instills Hope with Her Breathtaking Oil Paintings

May 17, 2022

With the emergence of the COVID-19 pandemic, industries from across the globe have been adversely impacted by the current economic conditions and trends. As a matter of fact, businesses worldwide have resorted to various means and have taken crucial courses of action to keep themselves afloat. In the case of Lux Industries Ltd, it is shown that resilience in the face of adversities can allow businesses to grow and flourish despite the difficulty of the times. 

Standing at the helm of Lux Industries Ltd, Mr. Ashok Kumar Tod, the chairman shed light on the current situation. “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 chairman said. “The export market is showing strong traction, and the majority of requirements are 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,” he added. 

In the same interview, Mr. Pradip Kumar Todi, the managing director of Lux Industries Ltd, commented on the company’s rather impressive financial results. “Revenue for the quarter is at an all-time high with a top line of around 601crore with a growth of 49.02%. EBITDA has shown a record growth and stands at Rs. 128.96 crores, an accelerated growth at 95.16%, while PAT stands at Rs. 90.64 crores with a growth of 118.46%, respectively, for Q4 FY 21. This is mainly attributed to the simultaneous volume and pricing growth across product segments,” he explained. 

To further enlighten the public on how Lux Industries Ltd is doing during the pandemic, Mr. Saurabh Bhudolia, the chief financial officer, went deeper into the financial results. “During the FY 2021, the top line stands at around 1965 crore with a growth of 17%, and PAT has grown at 52% with an absolute number of around 269 Crore. The 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 crores and gross cash and cash equivalents stand at 261.43 crores,” he shared. “Our working capital days were reduced to 122 days as compared to 160 days for the financial ending 2020. Our prudent financial decisions have helped us reduce our debt and become a net cash company,” he concluded. 

Widely acknowledged for being a beacon of excellence and integrity, Lux Industries Ltd has a single-point agenda on investment in its people and IT. With corporate government at the forefront of its goals and targets, extreme measures are being taken for adequate internal controls. 

As it continues to move to the summits of the industry, Lux Industries Ltd. is now considered a dominant player in the men’s innerwear segment and is also accelerating its growth driver via new expansions to capture the market share in the ladies and kids segment. With the business of Genx and Lyra getting merged with Lux, the company will have a larger and wider product offering that also offers premium innerwear under the brand ONN and ONE8. 

After the anticipated merger, Lux Industries Ltd. would be among the top companies in terms of volume in PAN India while reaching up to 300 million pieces for the financial year in 2021. On top of that, online sales, which had more than doubled in the last few quarters and continuously showing this same growth trajectory, is expected to reach the Rs. 100 crores mark within the next three to four years. Under the name of Cozy World, EBOs are expected to accelerate and achieve this vision. 

No Result
View All Result
  • Business
  • News
  • Politics
  • Leadership
  • Entertainment
  • Lifestyle
  • Contact Us

© 2022 CEO Weekly. All Rights Reserved

CEO Weekly

Follow us

© 2022 CEO Weekly. All Rights Reserved

A News Anchored Network Publication

Terms and Conditions
Privacy Policy
CEO Weekly

© 2021 CEO Weekly. All Rights Reserved

A News Anchored Network Publication

Terms and Conditions
Privacy Policy