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
Lululemon picks former Nike executive to be its next chief
Heidi O’Neill, who helped grow Nike into a $45 billion giant, will take the top job in September
CANADA: Lululemon has found its next chief executive, and she comes with serious credentials. The athleisure giant named Heidi O’Neill as its new CEO on Wednesday, ending a search that has left the company running on interim leadership since earlier this year. O’Neill will take charge on September 8, 2026, based out of Vancouver, and will join the board on the same day.
O’Neill brings more than three decades of experience across performance apparel, footwear and sport. The bulk of that time was spent at Nike, where she was a central figure in one of corporate sport’s great growth stories, helping take the company from a $9 billion business to a $45 billion global powerhouse. She oversaw product pipelines, brand strategy and consumer connections, and played a significant role in shaping how Nike spoke to athletes around the world. Earlier in her career, she worked in marketing for the Dockers brand at Levi Strauss. She also brings boardroom experience from Spotify Technology, Hyatt Hotels and Lithia and Driveway.
The board was unequivocal in its enthusiasm. “We selected Heidi because of the breadth of her experience, her demonstrated success delivering breakthrough ideas and initiatives at scale, and her ability to be a knowledgeable change and growth agent,” said Marti Morfitt, executive chair of Lululemon’s board.
O’Neill, for her part, was bullish. “Lululemon is an iconic brand with something rare: genuine guest love, a product ethos rooted in innovation, and a global platform still in the early stages of its potential,” she said. “My job will be to accelerate product breakthroughs, deepen the brand’s cultural relevance, and unlock growth in markets around the world.”
Until she arrives, Meghan Frank and André Maestrini will continue as interim co-CEOs, before returning to their previous senior leadership roles once O’Neill steps in.
Lululemon is betting that a Nike veteran who helped build one of the world’s most powerful sports brands can do something similar for an athleisure label that has genuine love from its customers but is still chasing its full global potential. O’Neill has done it before at scale. The question now is whether she can do it again.
