Lux Industries (LUXIND) Q4 14/15 earnings summary

Executive summary

• FY15 revenue from operations rose 4.40% YoY to ₹908.96 crore; net profit increased 44.15% to ₹45.23 crore.

• Export presence expanded to 45+ countries; exports accounted for 12.52% of revenue, and reported market share reached 20% of the organised hosiery and innerwear market.

Financial highlights

• Revenue from operations was ₹90,896.44 lakh versus ₹87,063.37 lakh in FY14; gross income was ₹90,913.50 lakh versus ₹87,113.95 lakh.

• PBT rose to ₹6,799.24 lakh from ₹4,688.13 lakh; PAT reached ₹4,522.91 lakh versus ₹3,137.72 lakh.

• EBITDA was ₹81.41 crore, up 16.25% YoY; cash profit was ₹63.78 crore, up 21.25%.

• EPS increased 44.13% to ₹89.55 from ₹62.13; operating cash flow rose 93.37% to ₹18.98 crore.

Outlook and guidance

• FY16 turnover target was ₹1,200 crore, with an export target of ₹150 crore.

• A new manufacturing unit at Dankuni, West Bengal, was expected to begin production in the coming year.

• Plans included adding 50,000 premium ONN retail stores over five years, building on 20,000 outlets in FY15.