MUMBAI: Lux Industries may be in the business of keeping India snug, but its June quarter performance proved it can hold its own even when topline shrinks. The Kolkata-headquartered innerwear giant reported a standalone net profit of Rs 3.92 crore for the quarter ended 30 June 2025, down from Rs 48.17 crore in the March quarter but only moderately lower than the Rs 34.56 crore booked a year earlier.
Revenue from operations stood at Rs 604.49 crore (including Rs 3.34 crore in other operating income), a drop from Rs 819.14 crore in the preceding quarter but up from Rs 535.3 crore in Q1 FY25. Total income came in at Rs 613.55 crore.
The quarter saw cost of materials consumed jump to Rs 423.09 crore, while subcontracting and jobbing expenses held high at Rs 188.52 crore. A sharp Rs 199.44 crore reduction in inventories helped cushion the impact on margins. Other expenses fell sequentially to Rs 106.28 crore from Rs 139.38 crore, with employee costs at Rs 42.20 crore.
Finance costs edged up to Rs 6.23 crore, while depreciation stood at Rs 7.09 crore. The company’s total expenses were Rs 582.40 crore, leading to a profit before tax of Rs 31.15 crore.
Tax outgo for the quarter was Rs 7.23 crore, translating to an earnings per share (EPS) of Rs 7.95 well below March’s Rs 16.02 but reflecting stability given the seasonality in the hosiery and innerwear business.
With a paid-up equity capital of Rs 6.26 crore and reserves of Rs 1,740.36 crore, Lux remains comfortably capitalised. For the full year ended March 2025, the company had clocked Rs 2,565.69 crore in revenue and Rs 166.09 crore in net profit.
Lux’s Q1 may not have been a blockbuster, but in an industry often pulled and stretched by raw material prices, seasonality, and consumer sentiment, the numbers suggest a company keeping its fit just right.
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