Lux Industries Q2 FY27 Results: Consolidated Net Profit ₹23.95 Crore on Total Income of ₹724 Crore
- Earnings
- Innerwear and apparel
Reviewed byKeshav SehgalBlacklitt Research
Lux Industries (NSE: LUXIND) reported consolidated total income of ₹723.68 crore and net profit of ₹23.95 crore for the quarter ended 30 Sep 2026, it said in a filing on 03 Nov 2026. Standalone total income was ₹724.66 crore and net profit ₹23.93 crore for the same quarter.
Key highlights
Consolidated
Including its subsidiaries
- Total income: ₹723.68 crore, down 7.7% YoY and up 17.4% QoQ
- Net profit and EPS: ₹23.95 crore, up 3.9% YoY; basic EPS ₹7.94
- Finance costs: ₹11.47 crore, up 11.7% YoY
- Net profit margin: 3.31%, against 2.94% a year earlier
Standalone
The company on its own, without its subsidiaries
- Total income: ₹724.66 crore, down 7.6% YoY and up 16.4% QoQ
- Net profit and EPS: ₹23.93 crore, up 0.4% YoY; basic EPS ₹7.96
- Finance costs: ₹11.03 crore, up 12.9% YoY
- Profit before tax: ₹31.59 crore, down 2.0% YoY
Summary
| Particulars | Q2 FY27 | Q2 FY26 | YoY | Q1 FY27 | QoQ |
|---|---|---|---|---|---|
| 723.68 | 784.00 | -7.7% | 616.50 | +17.4% | |
| Revenue from operations | 718.47 | 778.76 | -7.7% | 609.03 | +18.0% |
| Other income | 5.21 | 5.24 | -0.6% | 7.47 | -30.3% |
| 23.95 | 23.06 | +3.9% | 23.10 | +3.7% | |
| Profit before tax | 31.61 | 31.47 | +0.4% | 30.27 | +4.4% |
| Finance costs | 11.47 | 10.27 | +11.7% | 11.58 | -0.9% |
| Depreciation | 8.29 | 7.40 | +12.0% | 8.38 | -1.1% |
| Tax expense | 7.66 | 8.41 | -8.9% | 7.17 | +6.8% |
| Net profit margin | 3.31% | 2.94% | +0.37 pp | 3.75% | -0.44 pp |
| EPS, basic (₹) | 7.94 | 7.80 | +1.8% | 7.36 | +7.9% |
Figures are in ₹ crore; YoY compares with Q2 FY26 and QoQ with Q1 FY27. Click Total income or Net profit to see the rows behind them.
Net profit rose while income fell. Consolidated total income dropped 7.7% year on year to ₹723.68 crore, but net profit rose 3.9% to ₹23.95 crore. Profit before tax was up 0.4%, and tax expense fell 8.9% to ₹7.66 crore, so the year-on-year gain in net profit is larger than the gain before tax.
Other income is small. At ₹5.21 crore it is 0.7% of total income and 16.5% of profit before tax of ₹31.61 crore.
Net profit attributable to shareholders of the company was ₹23.89 crore, against ₹23.45 crore a year earlier, with non-controlling interest contributing ₹0.06 crore. The auditor's review of the consolidated results carried an unmodified conclusion, and it notes three subsidiaries reviewed by other auditors with total revenue of ₹4.61 crore for the quarter, which it says is not material to the group.
| Particulars | Q2 FY27 | Q2 FY26 | YoY | Q1 FY27 | QoQ |
|---|---|---|---|---|---|
| 724.66 | 784.08 | -7.6% | 622.72 | +16.4% | |
| Revenue from operations | 719.52 | 778.84 | -7.6% | 615.25 | +16.9% |
| Other income | 4.88 | 5.24 | -6.9% | 7.47 | -34.7% |
| 23.93 | 23.84 | +0.4% | 21.98 | +8.9% | |
| Profit before tax | 31.59 | 32.25 | -2.0% | 29.15 | +8.4% |
| Finance costs | 11.03 | 9.77 | +12.9% | 11.08 | -0.5% |
| Depreciation | 8.23 | 7.35 | +12.0% | 8.30 | -0.8% |
| Tax expense | 7.66 | 8.41 | -8.9% | 7.17 | +6.8% |
| Net profit margin | 3.30% | 3.04% | +0.26 pp | 3.53% | -0.23 pp |
| EPS, basic (₹) | 7.96 | 7.93 | +0.4% | 7.31 | +8.9% |
Figures are in ₹ crore; YoY compares with Q2 FY26 and QoQ with Q1 FY27. Click Total income or Net profit to see the rows behind them.
Standalone net profit was nearly flat. It rose 0.4% to ₹23.93 crore while total income fell 7.6% to ₹724.66 crore. Profit before tax fell 2.0% to ₹31.59 crore, so the net profit gain sits against a lower pre-tax figure, with tax expense down 8.9% to ₹7.66 crore.
Standalone finance costs rose 12.9% to ₹11.03 crore and depreciation rose 12.0% to ₹8.23 crore, while other income fell 6.9% to ₹4.88 crore. Standalone other income is 15.4% of profit before tax.
The gap between the two natures is small. Consolidated net profit exceeds standalone by ₹0.02 crore, and consolidated total income is ₹0.98 crore lower than standalone.
Inference
The filing states a proposed Scheme of Demerger approved by the Board on 31 Aug 2026, which would transfer the Vertical A and Vertical C businesses to two wholly owned subsidiaries, Lux and Cozi Limited and Lux Global Limited. The scheme is subject to approval from BSE, NSE and the National Company Law Tribunal, and the company says no effect of the scheme has been given in the results.
Consolidated borrowings, current, were ₹527.60 crore at 30 Sep 2026, and the company's paid-up equity share capital rose to ₹6.36 crore from ₹6.26 crore. The filing does not say the reason for the change in share capital, the timing of the demerger approvals, or what the scheme will mean for results once it takes effect.
Filed with BSE on . Reference: Original filing (PDF)
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