Mumbai: Lux Industries Limited, (BSE: 539542 | NSE: LUXIND), one of the country’s largest innerwear manufacturers, known for its innovative and customer-demand driven product offerings, manufacturing more than 100 products across 14 major brands comprising a complete range of innerwear and outerwear for men, women, and children, announced the expansion of its kids’ innerwear range, Lux Cozi Boyz with new products and styles. The Indian market for kids’ innerwear range is worth INR 2000 crores and is expected to expand at a CAGR of 9-10%.
Speaking on the new product range, Mr. Saket Todi, Executive Director, Lux industries elaborated, “The kids’ innerwear segment in India expanded the most as compared to the overall clothing industry in 2021. This segment is still dominated largely by unorganized players and the branded segment is still at a nascent stage which provides organized players to establish a firm foothold. Lux Industries has been one of the leading brands in the kids’ innerwear segment for boys and with this further expansion of our range, we hope to dominate the market and meet the growing demands of our consumers.”
The new array of products will include white, colour and sports vests, semi long & long drawers available in plain and various prints, interlock drawer and briefs available in plain, print and stripe patterns and both designs, i.e, inner & outer elastic. The garments are mostly made of premium combed cotton making it extremely comfortable to wear and suitable for the Indian climate. Every Lux Cozi product, especially the kids’ innerwear range, is crafted to ensure the perfect balance of snug comfort and effortless style. The products are made with the best quality sewing thread used for adjustment of stretch, so that kids can play and move around without any discomfort. The price of the products will range between INR 50 – 90 and the products will be available at over 45000 retail stores across the country, Cozy World, an EBO strategic initiative from Lux showcasing all brands from the House of Lux and leading ecommerce platforms like Amazon, Flipkart and Myntra.
Lux Industries has always been proactive in adopting newer methods of production developing innovative products and targeting the right audience through first-of-its-kind branding and promotional activities. Its customer centric approach has helped the brand to expand their visibility and created strong brand equity for the entire brand portfolio across 47 countries. With a strong assortment of 15 brands offering mass, mid-premium and premium products across demographics, it has helped the brand to outperform the market and generate a pricing premium.