Lux Industries Looking for global licencing
Lux Industries Looking for global licencing

Hosiery major Lux industries is scouting for opportunities in production and marketing licensing for global brands for inorganic growth.  

Lux Industries senior vice president Saket Todi said “Company is at an advanced stage of negotiation and looking at finalising licensing agreements with foreign brands very shortly. We are looking at more export orders from brands. The integrated facilities at Dankuni will be leveraged to meet both domestic and export demand. New plant here helped the company in consolidating its disintegrated operations in and around Kolkata and it helped to improve margin by 100 basis points. Nearly 65 per cent of exports are under the Lux brand while the remaining is job work for other brands like the UK's Byfors and Polo of South Africa. Apart from Dankuni in West Bengal, the other facilities are spread across Tirupur, Ludhiana, Ghaziabad and Roorkee”.

Exports account for around Rs 110 crore (or 11 per cent) of its Rs 972 crore topline. Rs 105 crore Dankuni facilities went on stream last year and is among the 11 manufacturing units of the company that is into inner wear, T-shirts, joggers, women s knitwear and winter wear (thermals).

 
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