Brands
Lux Industries Q3 net profit slips to Rs 12.51 crore
Nine months PAT at Rs 58.82 crore on Rs 2,046 crore revenue; exceptional items hit Rs 6.11 crore.
MUMBAI: Lux Industries isn’t just stitching innerwear, it’s threading through a tricky quarter with some noticeable pulls in the fabric. The Kolkata-based garment maker posted consolidated net profit of Rs 12.51 crore for the quarter ended 31 December 2025, down sharply from Rs 31.51 crore a year earlier, after a Rs 6.11 crore exceptional charge.
Revenue from operations held at Rs 669.98 crore (up from Rs 549.34 crore), with total income Rs 679.13 crore. Expenses rose to Rs 654.11 crore materials Rs 318.00 crore, subcontracting/job work Rs 174.30 crore, employee costs Rs 45.09 crore, other expenses Rs 123.76 crore, finance Rs 9.77 crore, depreciation Rs 7.61 crore. Profit before exceptional items Rs 25.02 crore, before tax Rs 18.91 crore after the hit. Tax took Rs 6.40 crore, leaving comprehensive income Rs 12.94 crore. Attributable to shareholders: Rs 12.91 crore; non-controlling interest a small loss Rs 0.40 crore. Basic/diluted EPS Rs 4.29.
The nine-month view softens the dip: revenue from operations Rs 2,046.11 crore (up from Rs 1,756.27 crore), total income Rs 2,076.52 crore, profit before tax Rs 80.86 crore (after Rs 6.11 crore exceptional), PAT Rs 58.82 crore (down from Rs 116.54 crore). Shareholders claimed Rs 59.93 crore, non-controlling interests lost Rs 1.11 crore. Nine-month EPS Rs 19.93.
Segment-wise, Vertical A (Lux, Cozi, ONN, Lux Cotts’wool, Mazze, Parker, Cozi Pynk) led with Rs 322.67 crore Q3 revenue and Rs 8.72 crore profit before tax. Vertical B (Nitro, Venus, Lyra, Inferno, Venus Rainwear) Rs 294.72 crore revenue, Rs 15.06 crore PBT. Vertical C (GenX, Classic, Karishma, Amore) Rs 55.25 crore revenue, Rs 1.03 crore PBT. Unallocable net expense Rs 5.90 crore.
Full-year comparison (31 March 2025), revenue ops Rs 2,570.25 crore, PAT Rs 164.54 crore, EPS Rs 54.97. Paid-up equity steady at Rs 6.26 crore (face Rs 2), other equity/reserves Rs 1,724.08 crore.
In a sector where margins can feel as snug as a new pair of briefs, Lux Industries shows steady top-line stitching but some exceptional pressure pulling at the bottom line, a reminder that even everyday essentials face their own fashion cycles.
Brands
Jubilant FoodWorks faces Rs 47.5 crore GST demand, plans appeal
Tax authorities flag alleged misclassification of restaurant services
MUMBAI:Â Jubilant FoodWorks Limited has landed in a tax tussle after receiving a GST demand of Rs 47.5 crore from the office of the additional commissioner of CGST and central excise in Thane, Maharashtra.
The order, issued under the provisions of the Central Goods and Services Tax Act, 2017, relates to an alleged incorrect classification of certain services under the category of restaurant services. According to the tax authorities, this classification resulted in a short payment of goods and services tax for the period between the financial years 2019-20 and 2021-22.
The demand includes Rs 47.5 crore in GST along with an equal amount as penalty, in addition to applicable interest. The order was received by the company on March 13, 2026.
In a regulatory filing to the BSE Limited and the National Stock Exchange of India Limited, the company said it disagrees with the order and believes its arguments were not adequately considered.
The company is preparing to challenge the decision and plans to file an appeal. It added that once the redressal process is complete, the demand is likely to be dropped.
Despite the sizeable figure attached to the notice, the company said it does not expect any material impact on its financials, operations or other activities.
The disclosure was signed by Suman Hegde, EVP and chief financial officer, who confirmed that the company received the order at 19:06 IST on March 13 and has already initiated steps to contest it.
The development places the quick service restaurant major in the middle of a tax debate that could hinge on how certain restaurant-linked services are classified under GST rules. For now, the company appears ready to take the matter from the tax office to the appeals desk.
