Lux Industries (LUXIND) Q1 24/25 earnings summary

Executive summary

• Achieved 36% year-over-year revenue growth in Q1 FY23, reaching ₹572 crore, with strong volume growth in premium and mid-premium segments.

• Board approved unaudited standalone and consolidated financial results for the quarter ended June 30, 2024.

• Reappointment of Mr. Pradip Kumar Todi as Managing Director for five years, subject to shareholder approval.

• Approved alteration of Articles of Association to allow shareholders to irrevocably waive their right to receive dividends.

• Continued focus on premiumization, digitalization, and multi-channel expansion, including forays into new markets and product categories.

Financial highlights

• Q1 FY25 consolidated revenue was ₹533.13 crore, up from ₹520.51 crore in Q1 FY24; Q1 FY23 revenue was ₹572 crore, up 36% year-over-year.

• Q1 FY25 consolidated net profit was ₹33.43 crore, up from ₹15.12 crore in Q1 FY24; Q1 FY23 PAT was ₹50 crore, down 22% year-over-year.

• Standalone revenue for Q1 FY25 was ₹533.14 crore; standalone net profit was ₹34.56 crore.

• EBITDA margin declined to 13.6% in Q1 FY23 from 21.6% due to higher raw material costs; Q1 FY25 standalone profit before tax was ₹46.05 crore.

• Basic and diluted EPS (consolidated) for Q1 FY25 was ₹11.30, up from ₹5.55 in Q1 FY24.

Outlook and guidance

• Targeting 60% export revenue growth over five years and expansion to 60 countries by 2025.

• Premium segment expected to reach ₹500 crore by FY25, with significant growth in One8 and women's wear.

• Online sales targeted at ₹100 crore in three years, leveraging e-commerce partnerships.

• Continued investment in automation, digitalization, and branding to drive future growth.