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01-01-1970 12:00 AM | Source: Angel Broking Ltd
Quote on Lux Industries Ltd 1QFY22 Result Update By Mr. Amarjeet Maurya, Angel Broking Ltd
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Below is quote on Lux Industries Ltd 1QFY22 Result Update by Mr. Amarjeet Maurya, AVP - Mid Caps, Angel Broking Ltd

During the 1QFY22, Lux Industries Ltd (LIL) reported consolidated revenue of ~Rs417cr (up ~32% YoY) mainly due to healthy volume growth and improvement in realisation. Further we saw strong growth across the segment like Premium, Mid- Premium. EBITDA increased by ~59% YoY to Rs87cr, while EBITDA margin improved by 364bps YoY to 20.9% due improvement in gross profit. On the bottom-line front, the company has reported consolidated net profit of Rs64cr (up ~73%) due to strong sales growth and better operating performance. Going forward, we expect that the company will report a healthy on top-line & bottom-line growth on back of the strong brand & wide distribution network, new product launches and industry shift from unorganised to organised. Hence we are positive on stock.

 

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