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
Dunkin’ Donuts to exit India as Jubilant FoodWorks ends 15-year franchise deal
The quick service restaurant giant is ending a 15-year franchise partnership with the American doughnut chain, even as it renews its Domino’s agreement for another 15 years
NOIDA: Dunkin’ is done in India. Jubilant FoodWorks Ltd, the country’s leading quick service restaurant operator, has decided not to renew its franchise agreement with the American coffee and doughnut chain, and will wind down its Indian stores in a phased manner before December 31, 2026, bringing a 15-year partnership to a quiet, loss-laden close.
The decision, approved by JFL’s board on March 30, 2026, ends a relationship that began with a Multiple Unit Development Franchise Agreement signed on February 24, 2011. JFL will now evaluate and undertake what it described in a regulatory filing as the “rationalisation and/or cessation of certain operations and/or sale, transfer or disposal of assets and/or assignment or transfer of franchise rights,” all in consultation with Dunkin’s brand owners and strictly within the terms of the original agreement.
The numbers tell the story bluntly. In the financial year 2024-25, Dunkin’ India posted a revenue of Rs 37 crore against a loss of Rs 19 crore — a haemorrhage that was always going to test the patience of a parent company recording revenues of Rs 6,104 crore and a profit of Rs 194 crore in the same period. Doughnuts, it turns out, were never going to move the needle.
The contrast with JFL’s handling of its other marquee franchise could hardly be sharper. Even as it walks away from Dunkin’, the company has just doubled down on Domino’s, signing a fresh Master Franchise Agreement on March 31, 2026, granting it exclusive rights to develop and operate Domino’s Pizza stores in India for 15 years, with an option to renew for a further 10.
JFL, incorporated in 1995 and promoted by the Bharatia family, operates a network of more than 3,500 stores across six markets — India, Turkey, Bangladesh, Sri Lanka, Azerbaijan and Georgia. Its portfolio includes Domino’s and Popeyes on the global side, and two home-grown brands: Hong’s Kitchen and COFFY, a café brand in Turkey.
For Dunkin’, India was always a stretch. The brand never quite cracked the cultural code in a market where filter coffee and chai command fierce loyalty and where the doughnut remains, at best, an occasional indulgence rather than a daily habit. Fifteen years, mounting losses and a parent with better things to spend its capital on was always going to be a difficult equation to solve.
The doughnut has had its last day. The pizza, however, is staying.
