Lux Industries Ltd(LUXIND)

NSE: LUXINDBSE: 539542

₹ 1,008-5.94%refreshed 23 Oct, 03:30 pm ISTMarket cap: ₹ 3,031 crNext results: 3 Nov 2026Website: www.luxinnerwear.comUpdated: 24 Oct 2026

About

Lux Industries is India's largest domestic hosiery enterprise, manufacturing and marketing men's, women's and children's innerwear, thermals, athleisure and outerwear under 10+ brands. The company reported Revenue from Operations of ₹2,928.74 crore in FY26 and holds an estimated ~15% share of the organised men's innerwear market. It operates nine manufacturing facilities across four states with a combined annual capacity of over 44+ crore garment pieces, distributing through 2 lakh+ retail outlets in 46+ countries.^[1][2]

Business segments

Vertical A (Lux Cozi, ONN, Lux Parker, Pynk, Lux Cozi Heatek) contributed 46.6% of consolidated revenue at ₹1,365.22 crore in FY26.^[3][1]
Vertical B (Lux Venus, Lyra, Lux Nitro, Lux Inferno, Lux Venus Rainwear, Lux Venus Her) contributed 42.2% of consolidated revenue at ₹1,235.65 crore in FY26.^[3][1]
Vertical C (Lux Classic, Lux Champion, GenX, Lux Amore, Lux Karishma) contributed 11.2% of consolidated revenue at ₹327.87 crore in FY26.^[3][1]

Brands and products

Portfolio spans 10+ brands and 100+ products (5,000+ SKUs) covering men, women and children across multiple price points, seasons and categories including innerwear, thermals, athleisure, rainwear and socks.^[1]
Lux Cozi, the flagship brand, delivered approximately ₹700 crore in gross sales in FY26 and was recognised as 'Brand of the Year 2025'.^[1]
Lux Parker, the economy innerwear brand launched in FY26, surpassed ₹250 crore in revenue within its inaugural year.^[1][4]
Lux Nitro, repositioned as a mid-premium men's brand in FY26, achieved approximately ₹175 crore in revenues in its first year of re-launch.^[1][5]
Vertical B acquired exclusive licensing rights to design, manufacture and sell REEBOK-branded men's and women's innerwear and thermal wear in India.^[1][4]
Pynk, the women's brand launched with Shraddha Kapoor, was honoured with the 'Best Brand for Women 2025' award by the Times Group within a year of its launch.^[1]
Lux Inferno, the thermal brand, delivered 15% volume growth in FY26 and was extended into higher-value categories Lux Inferno Premium and Lux Inferno Hotcots.^[1]

Manufacturing and operations

Nine manufacturing facilities across West Bengal, Punjab, Tamil Nadu and Uttar Pradesh with combined annual capacity of over 44+ crore garment pieces as of FY26.^[1]
Vertical A's West Bengal Hosiery Park facility in Kolkata spans 4.50 lakh sq ft across five acres; approximately 30% is manufacturing space, the balance warehousing and finishing.^[1]
A backward-integrated facility in Dankuni, West Bengal, manages yarn procurement; yarn constitutes nearly 50% of product cost.^[1]
Solar power capacity expanded from 1 MW to 1.7 MW through 300 KW at Avinashi and 400 KW at Tiruppur, aimed at reducing electricity costs.^[4][6]
ISO 9001:2015 certified for Quality Management System; recognised by the Government of India as a Star Export House.^[1]

Key operating numbers

Vertical A shipped 18.74 crore pieces in FY26, up 28% YoY; Q1 FY27 volume showed continued growth with revenue up 8% YoY to ₹291 crore.^[5][4]
Working capital days stood at 232 days in Q1 FY27, up from 206 days in Q1 FY26; debtor days rose from 122 to 147 days over the same period.^[4]
Inventory days were 154 days in Q1 FY27 versus 153 days in Q1 FY26; creditor days were flat at 69 days.^[4]
Advertisement spend has run at approximately 8% of turnover across the portfolio in FY26.^[1][5]
Lux Venus Rainwear volumes grew +50% YoY in Q1 FY27.^[4]
Average daily online orders exceeded 4,000 in Q1 FY27.^[4]

Distribution and customers

Domestic distribution covers 3,000+ dealers, 15 Exclusive Brand Outlets (EBOs), and 2 lakh+ retail outlets spanning 28 states and 8 Union Territories as of FY26.^[1]
ONN EBOs are live at Chennai, Srinagar and Patna airports, operated on a FOFO (franchise-owned franchise-operated) model.^[4][5]
Omni-channel presence spans Amazon, Flipkart, Tata Cliq, Myntra, AJIO, Zepto and Blinkit alongside traditional trade.^[5]
Exports contribute nearly 8% of turnover in FY26, with presence across the Middle East, Africa and South Asia, covering 46+ countries; Vertical B export value grew +10% YoY in Q1 FY27.^[1][4]

Expansion and capex

Foundation stone laid for a ₹600 crore expansion of the Dankuni manufacturing facility in West Bengal, expected to add approximately 12 lakh sq ft and bring total space to approximately 20 lakh sq ft, creating around 9,000 jobs.^[4]
A 4.50 lakh sq ft state-of-the-art facility at Jagadishpur Hosiery Park was commissioned in FY26, spread across 5 acres.^[4][7]
Near-term investment of ₹70+ crore planned to augment production capacity through internal accruals.^[4][5]
Capacity enhancement planned across West Bengal, Punjab, Tamil Nadu and Uttar Pradesh.^[1]
E-commerce revenue target of ₹200 crore over the next three years (by FY29); export country presence targeted to expand to 60 countries by 2030.^[4][5]

Recent developments

Vertical B signed an exclusive licensing agreement with Reebok to manufacture and sell innerwear and thermal wear under the Reebok brand in India, supporting premiumisation strategy (announced Q1 FY27).^[4][1]
Long-term credit rating reaffirmed at ACUITE AA (Stable) and short-term rating at ACUITE A1+ (Stable) in FY26.^[1]
Technology spend in FY26 was ₹7.82 crore, covering automated warehouse scanning, AI-enabled ad tracking, ERP improvements and AWS cloud consolidation.^[1]
Company is transitioning from a men's innerwear pureplay to a multi-category player covering athleisure, outerwear, women's innerwear/outerwear, kidswear, rainwear and thermals.^[4][5]

Market Cap

₹3,031 Cr

High / Low

₹1,838 / 805

Stock P/E

29.6

Price / Book

1.6

Book Value

₹610

EPS

₹34.5

No. of Shares

3.01 Cr

ROCE

8.2%

ROE

5.8%

OPM

6.1%

Debt / Equity

0.32

Sales

₹2,929 Cr

Net Profit

₹106 Cr

Promoter holding

74.2%

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Lux Industries Ltd(LUXIND)

About

Business segments

Brands and products

Manufacturing and operations

Key operating numbers

Distribution and customers

Expansion and capex

Recent developments

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