Lux Industries Q1 FY23 results (Apr–Jun 2022) and concall

Lux Industries reported robust revenue growth of 36% YoY in Q1 FY23, reaching ₹572 crore, primarily driven by strong performance in its power brands ONN and Lyra. However, profitability saw a decline with EBITDA down 14.3% and PAT down 21.9% from the previous year, largely due to high-cost inventory stocking and volatile raw material prices not fully passed on to customers. The company is focusing on expanding its distribution network, particularly in South India, and investing in CAPEX for production and storage capacity, while anticipating a market bounce-back from the festive season.