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Indian business shines with new customer programs, while European subsidiary EMOSS faces significant headwinds and potential restructuring.
Lumax Industries Ltd (BOM:517206) reports 32.6% revenue surge to INR1,223 crore, with a robust INR2,500 crore order book and ambitious 15-20% CAGR growth target through FY31.
According to chairman RC Bhargava, the growth will be driven by renewed small car demand.
Strong demand drives 33% domestic volume growth and market share gains, but commodity costs and supply chain shifts pressure profitability.
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