Saturday, May 25, 2024

Libas Consumer Products  plans Major Diversification in Hi-growth Innerwear segment

NSE listed  Libas Consumer Products Ltd., has launched Innerware segment Brand – KNG. Libas Consumer Products has announced major diversification cum  expansion plans whereby it is  diversifying into Men’s innerwear,Women intimatewear (organic fabrics ) Nightware, Casualware,etc which will move the company forward and looks to be placed as peer competitor to leading Brands such as Jockey and Lux etc.

The Company is confident that as leader in the Fashion segment and Rocksalt…. It will
be amongst the top three Leading players in innerware segment as well.

The Company has online portal stores on Amazon , Flipkart etc.

n now innerware sale 70% online is expected to boost company sales in short time.

The company is expecting to generate revenues of Rs.300 crore in the next 3 years.
 
Meanwhile the Company has announced excellent Q1FY22 results (Unaudited) with
Total Revenue jumping from Rs. 3.19 Cr (Q1FY21) to Rs. 12.08 Cr (Q1FY22) and PAT
turns positive  from a loss of Rs. 5.65 Cr (Q1FY21) to profit of Rs. 1.74 Cr (Q1FY22).
 Libas has always been investor-friendly and earlier this year,  the company has also
rewarded investors 2 bonus issue …ie 2 bonuses in a 3 year period

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