Lux Industries has announced its audited financial results for the financial year ended March 31, 2026. The company reported a consolidated net profit of Rs 106.07 crore for the year, compared to Rs 164.54 crore in the previous year. On a standalone basis, the net profit stood at Rs 101.45 crore. The Board of Directors has recommended a final dividend of Rs 2 per equity share, subject to shareholder approval at the ensuing Annual General Meeting. The Promoters and Promoter Group have waived their right to receive this dividend.

Consolidated Performance

For the quarter ended March 31, 2026, the company reported a consolidated net profit of Rs 47.26 crore, a decline from Rs 48.00 crore in the same period of the previous year. Consolidated revenue for the quarter stood at Rs 873.01 crore, compared to Rs 817.69 crore year-on-year. The company's consolidated EBITDA for the quarter was Rs 64.40 crore, with an EBITDA margin of 7.38%, down from 9.42% in the prior year.

The following table summarises the key consolidated Q4 metrics:

Standalone Financial Performance

On a standalone basis, for the quarter ended March 31, 2026, the company reported a net profit of Rs 40.37 crore on a total income of Rs 885.11 crore. Total expenses for the quarter were Rs 835.34 crore. For the full year, total income was Rs 2,961.76 crore against total expenses of Rs 2,822.76 crore. The statutory auditors, M/s. S K Agrawal and Co Chartered Accountants LLP, issued an unmodified opinion on the audited financial results.

The table below presents the standalone annual financial highlights:

Dividend Recommendation

The Board recommended a final dividend of 100%, or Rs 2 per equity share of the face value of Rs 2 each, for the financial year ended March 31, 2026. This dividend is subject to the approval of shareholders at the ensuing Annual General Meeting. The company noted that the Promoters and Promoter Group have waived their right to receive the final dividend for the financial year 2025-26.

Operational Highlights

The board approved the re-appointment of internal auditors. M/s. Ernst & Young LLP was re-appointed as Internal Auditors for Vertical A, and M/s. Deloitte Touche Tohmatsu India LLP was re-appointed for Vertical B and Vertical C for the period July 1, 2026, to June 30, 2027. The board meeting was held on May 21, 2026.

The company reported that revenue increased by 7% YoY in Q4 and 13% YoY in FY'26. Solar power capacity was increased from 1MW to 1.7MW. The board also approved the re-appointment of internal auditors. M/s. Ernst & Young LLP was re-appointed as Internal Auditors for Vertical A, and M/s. Deloitte Touche Tohmatsu India LLP was re-appointed for Vertical B and Vertical C for the period July 1, 2026, to June 30, 2027. The board meeting was held on May 21, 2026.

Lux Industries has incorporated a wholly owned subsidiary, Lux and Cozi Limited, in West Bengal. The company received the Certificate of Incorporation for the new entity on May 22, 2026. This development follows an intimation dated April 23, 2026, regarding the proposed incorporation.

The subsidiary has been established pursuant to a Family Settlement Agreement entered into amongst the members of the promoter and promoter group from the Todi Family. The primary objective of the incorporation is to facilitate the proposed demerger of the existing businesses of Vertical A of the company.

Lux and Cozi Limited will engage in the manufacturing and trading of garments, including hosiery products. As the entity is yet to commence business operations, its turnover figures are currently not applicable. The subsidiary is a related party of the company, though the acquisition is not classified as a related party transaction.

The board of the new entity includes Mr. Ashok Kumar Todi, Promoter of Lux Industries, and Mr. Saket Todi, who belongs to the Promoter Group and serves as Executive Director. The incorporation was undertaken through cash consideration.

Key Details of the Subsidiary

The information regarding the incorporation has been submitted to the BSE Limited and the National Stock Exchange of India Ltd. in compliance with Regulation 30 of the SEBI LODR Regulations.