Libas Consumer Products Ltd is on fast track with several major diversifications whereby it has launched ‘KNG brand Organic Innerwear’ which are made of bamboo fiber, supposed to replace regular innerwear due to sustainable and non-allergic factor. KNG brand will be retailed exclusively on its website and few products of organic innerwear will be retailed through online multi-channel such as kng.ltd, Amazon, Flipkart, Myntra, Snapdeal, Meesho, Paytm Mall, Nykaa Fashion, Shopclues, etc.
With the current size of the Indian inner wear or under wear market is Rs. 15,870 crores ($2.9 billion) which is expected to grow on a fast pace,KNG will be a clear winner.
The company has just launched its first commercial store targetting middle class market in the hub of Bur dubai a commercial city in the middle East the company proposes to expand its foot print in the middle East with stores in Bahrain and Abu Dhabi also supplying uniform s to the 500 plus hotels opened in the aftter covid 2020 libas is a lead supplier of accessories and uniforms to hotels like the Atlantis.
Post Covid, the wedding season in India is booming with stalled weddings for the last 2 years Riyaz Gangji Libas is all set to take advantage of all stalled weddings in Maharashtra and UP, Delhi it also retails through its website www.libasconsumerproductsltd.com and
www.libasfashion.com, Amazon, Flipkart, Snapdeal, Meesho, Paytm Mall, Shopclues, whereby Libas Consumer Products ltd would gain substantially due to the wedding season
Last year ,Libas Consumer Products Ltd had announced a third bonus issue in 3 years and 2
dividends in recent years.
Riyaz Gangji Libas has also signed an exclusive contract with Flex Wheeler, a bodybuilding legend, to retail in the USA and other parts of the world for evening wear and red carpet events With these positive developments, profitability and revenues may rise substantially.
Big Renowned HNI investors are holding shares in Libas, giving a boost to its credibility.
The company has proposed to raise investment to open stores across India through franchise models.
The company has three production facilities in Mumbai , Delhi , Dubai .