Lux Industries Ltd

Dividend details

• Final dividend proposed: Rs 2.00 per equity share for FY2025-26.
• Dividend payable if approved at the 31st AGM.
• Record date for entitlement: 18 September 2026.
• AGM date: 25 September 2026 at 11:00 IST.

Tax and regulatory framework

• Dividend taxed in shareholders' hands under ITA 2025; TDS deducted at applicable rates.
• Tax year for the dividend: TY 2026-27.
• Company reserves right to apply DTAA and request additional documents; outcome not guaranteed.

Shareholder data updates

• Shareholders must update PAN, KYC, and bank details by 18 September 2026.
• Documents to RIS portal or KFin RIS by 18 September 2026; no physical dividend warrants.

Key update

• Subject: press conference to clarify approvals and status of Lux Cozi expansion at Dankuni.
• Project cost approximately Rs 600 crore including land, building, plant, and machinery.
• Expansion envisages about 12 lakh square feet of additional manufacturing capacity.
• Bhoomi-pujan held July 11, 2026; event attended by WB Chief Minister and ministers.
• Company asserts land conversion to factory in 2024 with valid conversion certificates.
• Defamation notice issued to Kunal Ghosh; seeking removal of posts and apology.

AGM and record date

• 31st AGM scheduled for 25 September 2026 at 11:00 AM via Video Conferencing.
• Record Date for final dividend: 18 September 2026; payment subject to AGM approval.

Business overview

• Leading Indian innerwear firm with Lux Cozi, Lux Venus, and ONN brands.
• Domestic market ~92%; exports ~8%; 3,000+ dealers; 18 warehouses; 2 lakh+ retailers.
• 9 manufacturing plants; 4,800+ employees; 46+ countries in export reach.
• Omni-channel focus; exclusive Reebok licensing; launches of Lux Nitro, Lux Parker, Heatek.

Operational highlights

• Q1 FY'27 revenue up 1% YoY to ₹609 crore.
• Solar capacity expanded to 1.7 MW from 1 MW.
• Dankuni expansion: Rs 600 crore capex; total facility ~20 lakh sq ft.
• West Bengal Hosiery Park commissioned; 4.50 lakh sq ft facility.
• Lux Nitro and Lux Parker launched; Rainwear and Heatek expansions.

Financial performance

• Consolidated revenue ₹609.03 crore in Q1 FY'27; 0.78% YoY growth.
• Vertical A revenue ₹290.77 cr; EBITDA ₹27.6 cr; margin 9.4%.
• Vertical A PBT ₹30.27 cr; PBT margin 5.1%.
• Vertical B revenue ₹249.22 cr; EBITDA ₹18.10 cr; margin 7.2%.
• Vertical C revenue ₹69.04 cr; EBITDA ₹5.15 cr; margin 7.5%.
• Gross cash ₹259 cr; D/E 0.28; Interest cover 3.6x.
• Working capital 232 days; inventory 154 days; creditor 69 days.

Capital structure & liquidity

• Debt-equity ratio: 0.28; interest coverage: 3.6x.
• Gross cash balance of ₹259 crore enhances liquidity.
• Working capital days: 232; inventory 154 days; creditor 69 days.

Strategic priorities & outlook

• Omni-channel expansion; accelerating online and e-commerce footprint.
• Brand investments totaling ₹1,304 crore over eight years; branding ~7% of revenue.
• Exclusive REEBOK licensing supports premiumisation; entry into premium/branded innerwear.
• Aim to achieve ₹200 crore online revenue in next 3 years.

Risks & mitigation

• Yarn price volatility and freight volatility pose margin pressures.
• Mitigation: focus on omni-channel sales, premium brands, and digitalization.

Governance & leadership

• Experienced board; 50% independent directors; 25% women independent directors.
• CFO: Ajay Nagar; Company Secretary & Compliance Officer: Smita Mishra.
• IT/digital initiatives: Venus Connect, Lyra Connect, ONNline platform.

Financial results

• Unaudited standalone and consolidated results for quarter ended June 30, 2026 approved.
• Limited Review Report of statutory auditor attached.

Independent directors re-appointments

• Sadhu Ram Bansal re-appointed as Independent Director for 2027-2032, subject to shareholder approval.
• Shashi Sharma re-appointed as Independent Director for 2027-2032, subject to shareholder approval.
• Kumud Chandra Paricha Patnaik re-appointed as Independent Director for 2027-2032, subject to shareholder approval.

Internal audit and SMP

• Astral Business Consulting LLP appointed internal auditor for Vertical C, 2026-2027.
• EY continues as internal auditor for Vertical A, 2026-2027.
• Deloitte continues as internal auditor for Vertical B, 2026-2027.
• Anand Poddar designated as Senior Management Personnel for Vertical A, effective Aug 14, 2026.

Demerger & other actions

• In-principle approval for demerger of Vertical A and C into Lux and Cozi Limited and Lux Global Limited.
• Shareholders' approval anticipated at the 31st AGM.

Meeting Details

• Date: 14 Aug 2026; Time: not disclosed; Venue: Head Office, Kolkata.

Key Agenda Items

• Approve unaudited standalone and consolidated financial results for quarter ended 30 June 2026.

Other Notes

• Trading window closure details omitted per style guidance.