{"id":7508,"date":"2021-07-19T06:33:00","date_gmt":"2021-07-19T06:33:00","guid":{"rendered":"https:\/\/newswireindia.in\/index.php\/2021\/07\/19\/libas-consumer-products-ltd-plans-major-diversification-in-hi-growth-innerwear-segment\/"},"modified":"2021-07-19T06:33:00","modified_gmt":"2021-07-19T06:33:00","slug":"libas-consumer-products-ltd-plans-major-diversification-in-hi-growth-innerwear-segment","status":"publish","type":"post","link":"https:\/\/newswireindia.in\/index.php\/2021\/07\/19\/libas-consumer-products-ltd-plans-major-diversification-in-hi-growth-innerwear-segment\/","title":{"rendered":"Libas Consumer Products Ltd. plans Major Diversification in Hi-growth Innerwear segment"},"content":{"rendered":"<div class=\"dsprime\"><img decoding=\"async\" width=\"525\" height=\"399\" src=\"https:\/\/newswireindia.in\/wp-content\/uploads\/2021\/07\/Libas-ANI.jpg\" class=\"attachment-large size-large wp-post-image\" alt=\"\" loading=\"lazy\" style=\"margin-bottom: 10px\" \/><\/div>\n<p><strong>Mumbai (Maharashtra) [India], July 19:<\/strong>\u00a0NSE listed Libas Consumer Products Ltd.\u00a0<strong>(NSE: LIBAS)<\/strong>, has launched Inner ware segment Brand \u2013 KNG. Libas Consumer Products has announced major diversification cum\u00a0 expansion plans whereby it is diversifying into Men\u2019s innerwear, Women\u2019s 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.<\/p>\n<p>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.<\/p>\n<p>The Company has an online presence\u00a0on Amazon, Flipkart, etc. And now, online innerwear sale is expected to boost company sales in a short time.<\/p>\n<p>The company is expecting to generate revenues of Rs. 300 Crore in the next 3 years.<\/p>\n<p>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.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Mumbai (Maharashtra) [India], July 19:\u00a0NSE listed Libas Consumer Products Ltd.\u00a0(NSE: LIBAS), has launched Inner ware segment Brand \u2013 KNG. Libas Consumer Products has announced major diversification cum\u00a0 expansion plans whereby it is diversifying into Men\u2019s innerwear, Women\u2019s intimate wear (organic fabrics), Nightwear, Casual wear, etc. which will move the company forward as it looks to [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[3],"class_list":["post-7508","post","type-post","status-publish","format-standard","hentry","category-business","tag-business"],"_links":{"self":[{"href":"https:\/\/newswireindia.in\/index.php\/wp-json\/wp\/v2\/posts\/7508","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/newswireindia.in\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/newswireindia.in\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/newswireindia.in\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/newswireindia.in\/index.php\/wp-json\/wp\/v2\/comments?post=7508"}],"version-history":[{"count":0,"href":"https:\/\/newswireindia.in\/index.php\/wp-json\/wp\/v2\/posts\/7508\/revisions"}],"wp:attachment":[{"href":"https:\/\/newswireindia.in\/index.php\/wp-json\/wp\/v2\/media?parent=7508"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/newswireindia.in\/index.php\/wp-json\/wp\/v2\/categories?post=7508"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/newswireindia.in\/index.php\/wp-json\/wp\/v2\/tags?post=7508"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}