Libas Consumer Products Ltd. plans Major Diversification in Hi-growth Innerwear segment

Mumbai (Maharashtra) [India], July 19: NSE listed Libas Consumer Products Ltd. (NSE: LIBAS), has launched Inner ware segment Brand – KNG. Libas Consumer Products has announced major diversification cum  expansion plans whereby it is diversifying into Men’s innerwear, Women’s intimate wear (organic fabrics), Nightwear, Casual wear, etc. which will move the company forward as it looks to be placed as a peer competitor to leading brands.

The Company is confident that as a leader in the Fashion segment and Rocksalt, it will be amongst the top three leading players in the innerwear segment as well.

The Company has an online presence on Amazon, Flipkart, etc. And now, online innerwear sale is expected to boost company sales in a short time.

The company is expecting to generate revenues of Rs. 300 Crore in the next 3 years.

Earlier, the Company had announced excellent Q1FY22 results (Unaudited) with Total Revenue jumping from Rs. 3.19 Cr (Q1FY21) to Rs. 12.08 Cr (Q1FY22) and PAT turned positive from a loss of Rs. 5.65 Cr (Q1FY21) to profit of Rs. 1.74 Cr (Q1FY22). Earlier this year, the company had also completed a bonus issue of shares.

Business

Redwop Chemicals Hosts Successful Annual Business Meet in Hubli

Hubli (Karnataka) [India], May 24: Redwop Chemicals Pvt. Ltd., a leading name in the construction chemicals industry, held its much-anticipated annual business meet on May 15, 2024, in Hubli for its south India region. The event, marked by insightful presentations and strategic discussions, brought together key stakeholders, partners, and employees from across the country. The […]

Read More
Business

Testronix Instruments Announces Revolutionary Testing Solutions

New Delhi (India), May 24: Testronix Instruments has taken a major step towards the advancement of material testing technology by introducing two new, cutting-edge products that are intended to set new industry standards: Vacuum Leak Tester ECO Digital and Melt Flow Index Tester. Testronix is known for its reliable testing solutions, which continue to promote […]

Read More
Business

Crown Information Management Launches DART

Revolutionises Retail Asset File Tracking in the BFSI Sector New Delhi (India), May 24:  Crown Information Management is proud to announce the launch of DART (Dispatch, Acknowledgement, Reconciliation, Tracking) a groundbreaking secure solution that transforms the management and tracking of dispatches and records. Tailored specifically for the BFSI (Banking, Financial Services, and Insurance) sector, DART […]

Read More