Lux Industries Ltd. Brands like Lux Cozi, Lyra & ONN are doing well Lux Industries Ltd. (LUX), reported weak performance in Q2FY23 in a challenging business environment of volatile raw material prices. Revenues in Q2FY23 increased by ~1.4% YoY, however volumes declined by ~8% YoY (volumes in H1FY23 grew by ~3% YoY). Growth in volumes […]

DIL’s strong brand recall coupled with deeper penetration and consumers shifting towards affordable branded quality products are strong macro tailwinds for the company. Currently the innerwear industry is witnessing a structural shift from unorganised to the organised sector. We expect DIL to benefit from this trend.

The company is putting good efforts to de-risk and grow beyond cables, this would provide additional growth opportunities. The company is moving up the value chain, rediscovering itself for a profitable growth ahead. It is capable to invest in complex & future-ready products. Maintain BUY rating!

TCI Express is well positioned to capitalize on the growing opportunities in the domestic logistics space. The company to further strengthen its efficiencies and capabilities through automation, setting up new sorting centers, adding new branches and launch of new service. We have valued the stock at 40x Sep’24 EPS of Rs 54.2 (rollover from Mar ’24) to arrive at a target price of Rs 2,168, offering retun potential of ~14.5% and maintain an “Accumulate” rating on the stock

A safe play in Indian logistics sector growth story