Lux Industries reported strong Q3 earnings, which had exceeded expectations.
Detailing the numbers, Saket Todi, Senior VP at Lux Industries said, “The revenue growth is 7.5 percent whereas the volume growth is around 17 percent. We are gaining more market share and would continue this in the coming quarters as well.”
“Our basic items have grown a lot. In our winter segment, the majority of sales happened in Q2. So in Q3, the winter sales have been flat. But, overall, the nine-month growth in winter sales is 23 percent. The basic items, vests and inner wears, have grown a lot,” he added.