{"id":7333,"date":"2021-07-19T06:33:00","date_gmt":"2021-07-19T06:33:00","guid":{"rendered":"https:\/\/dailynewsindia.co.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:\/\/dailynewsindia.co.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:\/\/primexnewsnetwork.com\/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 &#8211; KNG. Libas Consumer Products has announced major diversification cum\u00a0 expansion plans whereby it is diversifying into Men&#8217;s innerwear, Women&#8217;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.<\/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 &#8211; KNG. Libas Consumer Products has announced major diversification cum\u00a0 expansion plans whereby it is diversifying into Men&#8217;s innerwear, Women&#8217;s intimate wear (organic fabrics), Nightwear, Casual wear, etc. which will move the company forward as it looks to&#8230;<\/p>\n<p class=\"more-link-wrap\"><a href=\"https:\/\/dailynewsindia.co.in\/index.php\/2021\/07\/19\/libas-consumer-products-ltd-plans-major-diversification-in-hi-growth-innerwear-segment\/\" class=\"more-link\">Read More<span class=\"screen-reader-text\"> &ldquo;Libas Consumer Products Ltd. plans Major Diversification in Hi-growth Innerwear segment&rdquo;<\/span> &raquo;<\/a><\/p>\n","protected":false},"author":1,"featured_media":7334,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[54],"class_list":["post-7333","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","tag-business"],"_links":{"self":[{"href":"https:\/\/dailynewsindia.co.in\/index.php\/wp-json\/wp\/v2\/posts\/7333","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dailynewsindia.co.in\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dailynewsindia.co.in\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dailynewsindia.co.in\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dailynewsindia.co.in\/index.php\/wp-json\/wp\/v2\/comments?post=7333"}],"version-history":[{"count":0,"href":"https:\/\/dailynewsindia.co.in\/index.php\/wp-json\/wp\/v2\/posts\/7333\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dailynewsindia.co.in\/index.php\/wp-json\/wp\/v2\/media\/7334"}],"wp:attachment":[{"href":"https:\/\/dailynewsindia.co.in\/index.php\/wp-json\/wp\/v2\/media?parent=7333"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dailynewsindia.co.in\/index.php\/wp-json\/wp\/v2\/categories?post=7333"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dailynewsindia.co.in\/index.php\/wp-json\/wp\/v2\/tags?post=7333"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}