Voltamp Transformers Q2 FY2026 Results: Profit Steady at ₹104 Cr, Revenue Up 21% YoY, Strong Order Book of ₹1,377 Cr
8 Nov 2025
Lux Industries Limited - Hosiery and Innerwear Manufacturing Facility
📊 Stock Analysis
Complete financial analysis with key metrics and investment outlook
Lux Industries Q2 FY2026 Financial Results
Lux Industries Limited (NSE: LUXIND, BSE: 539542) reported its financial performance for the quarter and half year ended September 30, 2025, showing signs of gradual demand recovery, improved margins, and strong balance sheet management.
Stock Performance & Key Metrics
As of November 7, 2025:
- Current Price: ₹1,243 (up 0.57%)
- Market Cap: ₹3,738 Crores
- Stock P/E: 29.4 (Industry P/E: 30.6)
- 52-Week Range: ₹2,184 / ₹1,200
- Book Value: ₹591 per share
- Dividend Yield: 0.16%
- ROCE: 12.6%
- ROE: 9.92%
- Face Value: ₹2.00
- EPS: ₹42.3
- Debt-to-Equity: 0.32
- Total Debt: ₹575 Crores
Q2 FY2026 Financial Highlights (₹ in Crores)
| Particulars | Q2 FY26 | Q1 FY26 | Q2 FY25 | YoY Growth |
|---|---|---|---|---|
| Revenue from Operations | 673.42 | 606.33 | 641.87 | +5% |
| EBITDA | 93.68 | 81.21 | 82.45 | +14% |
| EBITDA Margin | 13.9% | 13.4% | 12.8% | — |
| Profit Before Tax (PBT) | 67.80 | 56.25 | 54.10 | +25% |
| Net Profit (PAT) | 50.89 | 42.12 | 40.33 | +26% |
| EPS (₹) | 42.3 | 35.0 | 33.5 | +26% |
> Improved operating leverage and declining raw material prices boosted margins during the quarter.
Half-Year (H1 FY26 vs H1 FY25)
| Particulars | H1 FY26 | H1 FY25 | Growth |
|---|---|---|---|
| Revenue from Operations | 1,279.75 | 1,212.85 | +5.5% |
| Net Profit (PAT) | 93.01 | 82.20 | +13.2% |
| EPS (₹) | 77.3 | 68.2 | +13.3% |
Balance Sheet Highlights (as of Sept 30, 2025)
| Particulars | Amount (₹ in Crores) |
|---|---|
| Total Assets | 2,885 |
| Total Equity | 1,780 |
| Total Borrowings | 575 |
| Cash & Cash Equivalents | 162 |
| Inventories | 701 |
| Trade Receivables | 422 |
Lux Industries continues to maintain a strong liquidity position with a moderate leverage ratio and efficient working capital management.
Operational & Business Highlights
1. Demand Recovery
- Demand in mid-premium and premium innerwear segments is improving, aided by festive sales and channel restocking.
- Retail partners reported improved sell-through rates across domestic markets.
2. Margin Expansion
- Better product mix, operational efficiency, and raw material cost moderation helped improve EBITDA margin to 13.9%.
- The company maintained tight control on advertising and distribution expenses to enhance profitability.
3. Strategic Initiatives
- Continued focus on brand strengthening through campaigns for Lux Cozi, ONN, and Lyra brands.
- Ongoing efforts to optimize distribution network and expand presence in tier-II and tier-III markets.
- Investments in automation and digitization at manufacturing facilities to improve productivity.
4. Debt Profile
Despite moderate borrowings of ₹575 Cr, the company maintains a Debt-to-Equity ratio of 0.32, reflecting a stable financial structure.
5. Dividend Declaration
The Board of Directors declared an interim dividend of ₹1.5 per share (FV ₹2) for FY2026.
Management Commentary
> “We are witnessing gradual improvement in demand trends with better realizations and cost control translating into higher margins. Our focus remains on brand consolidation, innovation, and enhancing shareholder value,” said the management in its press statement.
Outlook
Lux Industries expects demand momentum to sustain during the festive season and rural recovery in H2 FY26. The company remains confident of achieving steady growth with focus on profitability and premiumization.
*Results approved by the Board on November 8, 2025 | Source: https://www.bseindia.com/xml-data/corpfiling/AttachLive/63201051-8072-4b21-a7db-c628e068923a.pdf*
