Brands
Lux Industries Q3 profit slips to Rs 13.3 crore amid labour code costs
Board also names Prathistha Dobhal as senior management personnel
KOLKATA: Lux Industries Limited said its December-quarter earnings were weighed down by regulatory costs, even as revenues held up across key brands, management told analysts during the earnings call.
The company’s board, which met on February 14, approved unaudited standalone and consolidated results for the quarter and nine months ended December 31, 2025. Standalone total income for the third quarter stood at Rs 679.02 crore, down from Rs 784.08 crore in the preceding quarter. Profit before tax came in at Rs 19.72 crore, while net profit was Rs 13.32 crore, translating into a basic earnings per share of Rs 4.43.
Management attributed the softer quarterly performance to exceptional items worth Rs 6.11 crore. These included an incremental Rs 2.76 crore impact linked to past service costs following the notification of India’s four labour codes, alongside an exceptional income of Rs 3.35 crore from the settlement of entry tax disputes under West Bengal’s Settlement of Dispute Act, 2025.
For the nine months ended December, consolidated total income reached Rs 2,076.52 crore, with profit before tax of Rs 80.86 crore and net profit of Rs 58.82 crore. Total comprehensive income attributable to shareholders stood at Rs 117.22 crore, reflecting steadier performance over the longer period despite quarterly volatility.
Segmentally, the innerwear major’s flagship portfolio: Lux Cozi, Onn and Lux Cotts’ wool, remained the largest contributor, clocking quarterly revenue of Rs 322.67 crore. Brands such as Lux Nitro and Lyra lifted nine-month revenues in the second vertical to Rs 879 crore, while the mass-market GenX and Lux Classic labels posted quarterly revenue of Rs 55.25 crore.
The company noted that certain assets and liabilities remain unallocated across verticals pending an internal review, a factor that continues to blur segment-level profitability.
Separately, the board designated Prathistha Dobhal, currently manager–legal for vertical A, as a senior management personnel with effect from 14 February, 2026, following a recommendation by the nomination and remuneration committee.
Brands
Mana Projects names Ranbir Kapoor brand ambassador amid rebranding
Bengaluru developer unveils new identity focused on design and nature.
MUMBAI: When real estate meets reel star power, the foundation for a new brand story is often laid brick by brick. Mana Projects, the Bengaluru based real estate developer, has appointed actor Ranbir Kapoor as its brand ambassador while unveiling a refreshed brand identity aimed at aligning the company with the evolving expectations of modern urban homebuyers.
The announcement marks a new phase for the developer, which has spent over two decades building residential communities in Bengaluru, particularly along emerging growth corridors such as Sarjapur Road.
The updated brand identity reflects the company’s emphasis on design led living and environmentally conscious development. According to the developer, the new positioning focuses on creating residential spaces where architecture, nature, engineering and lifestyle planning work together to shape meaningful living experiences.
Mana Projects chairman and managing director D. Kishore Reddy said the rebranding represents a natural progression as the company adapts to the expectations of a new generation of homeowners.
“This rebranding represents the natural evolution of Mana Projects as we align ourselves with the aspirations of a new generation of homeowners, particularly millennials who form the backbone of Bengaluru’s dynamic homebuyer community,” Reddy said.
He added that today’s buyers increasingly look beyond basic housing to spaces that combine design, sustainability and a strong sense of community.
“At Mana, our philosophy centres on creating homes where space is purposeful, design is intelligent, nature is respected and engineering ensures long term sustainability. Our association with Ranbir Kapoor reflects this new chapter as we continue to build communities that enable people to truly live brilliantly,” he said.
Kapoor, who has been associated with several lifestyle and consumer brands, said the partnership resonated with his own understanding of what makes a home meaningful.
“A home is one of the most meaningful investments people make in their lives, and it should reflect comfort, warmth and a sense of belonging,” Kapoor said.
“What impressed me about Mana Projects is the brilliance of their thought, the way design, nature and functionality come together to enhance everyday living. I’m delighted to be associated with Mana Projects as they continue to create homes that inspire modern urban families to truly live brilliantly.”
The collaboration will be introduced through a large scale integrated campaign spanning digital platforms, outdoor media and experiential activations, making it one of the developer’s most prominent branding initiatives in recent years.
Founded in Bengaluru, Mana Projects has built a portfolio of residential developments that emphasise thoughtful architecture, amenity rich neighbourhoods and environmentally sensitive planning. The company’s projects often integrate open spaces, green landscapes and energy efficient engineering to support sustainable urban living.
With Bengaluru continuing to attract young professionals and technology workers, the developer believes the city’s housing market is increasingly being shaped by buyers seeking well planned communities that balance functionality with quality of life.
Looking ahead, Mana Projects plans to expand its presence across the city by developing future ready residential projects designed to accommodate emerging lifestyle trends such as hybrid work culture, community driven living and multigenerational households.
By combining a refreshed brand identity with a high profile ambassador, the company hopes to strengthen its position in Bengaluru’s competitive real estate market while appealing to a new generation of homeowners seeking homes that blend design, nature and modern living.
