Lovable Lingerie is one of India’s leading women’s innerwear manufacturers. The products include brassieres, panties, slips / camisoles, home wear, shape wear, foundation garments and sleepwear products. The brand lovable is been licensed from Lovable World trading company, USA on an exclusive basis for territories of India, Nepal, Sikkim and Bhutan. The company caters to the premium segment market in India. The brand is amongst the top three most preferred brands in women’s innerwear in India.
The Portfolio of the company also contains brands like “Daisy Dee”, “College Style”, “Vanity Fair”, etc. The company has its headquartered in Mumbai and has three manufacturing facilities of which two are located in Bangalore and one in Roorkee. The Company has installed capacity of over 60 Lakhs pieces per annum.
The turnover of the company has grown from 30 Cr in FY 06 to 104 Cr in FY 11 posting a growth of 28.23% CAGR. The bottom line of the company showed a growth of 37% CAGR rising from 2 Cr in FY 06 to 14 Cr in FY 11. The company has already covered 50% of FY 11 sales and profit in the first quarter of the current fiscal year.
The Company maintains an operating margin of 18.57% which is quiet attractive compared to its peers. The Company is a debt free company as is doing business from its own accruals. The Company maintains a ROCE of 23.3%.
The Stocks is a perfect example of consumer play, the stock and the product will be in demand no matter interest rate goes up or down. A Stock though looking expensive must be closely looked as at this times when scenario seems to be gloomy, it can be a surprise winner.