ECONOMY

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

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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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