Hi All,
Is anyone on the forum tracking Libas Consumer Products (erstwhile Libas Design ltd)? Post pandemic, company is changing it’s profile. It boasts of being the largest stockiest of Rock Salt in the nation and supplies rock salt to marquee brands like tata consumer and Sri Sri. Originally it was a apparel/ fashion design company but in last quarters has gone aggressive on consumer products space i.e rocksalt. On apparel side also this is venturing into e-retailing (came up with online portal) and also launched a innerwear brand ‘KNG’.
What is more interesting is there are some marquee investors invested in this company e.g. Jyoti Jaipuria and Mr Seth of ABG. This company has also tied up for a special salt which is used for Covid’19 treatment with a govt. of India enterprise and has become a sole source of that salt type. Company’s management has come up with Bonus recently and another one is on card.
I did not find anyone genuinely tracking this company on twitter or even on VP Forums. Anyone having any thoughts please do share. I feel this could be a great hidden opportunity.
Thanks
Naveen
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