Lux Industries - Ended FY21 On A Good Note: Anand Rathi
Leggings are displayed for sale.  (Photographer Patrick T. Fallon/Bloomberg).

Lux Industries - Ended FY21 On A Good Note: Anand Rathi


BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.

Anand Rathi Report

With 17%/52% YoY revenue/profit after tax growth, Lux Industries Ltd. ended FY21 on a sound footing.

Driven by greater profitability and better working capital, free cash flow jumped ~135% YoY.

In the year, market-share gains continued with a ~15% market share in organised men’s innerwear.

On its profitable growth trajectory, we are upbeat on the company’s long-term growth prospects for its strong brand equity, launches and long-standing operations in innerwear.

Its merger will unlock synergies to further propel growth.

Click on the attachment to read the full report:

Anand Rathi Lux Industries Company Update.pdf


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