Announcement under Regulation 30 (LODR) - Press Release
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Magenta Lifecare has launched a new premium mattress called 'Magenta GOLD' made of HR (high-resilience) foam, available in 5-inch and 6-inch thickness options. The mattress is priced competitively for the upcoming festive season and is being sold through retail partners and online platforms. The company plans to more than double its production capacity and market coverage by the end of 2025. Management mentioned an early surge in orders, indicating strong initial demand. The product comes with a 5-year warranty for the 5-inch model and a 7-year warranty for the 6-inch model.
This is a positive product launch news that could help drive revenue growth, especially during the festive season. The planned capacity doubling suggests management is confident in rising demand, which may be viewed favorably by investors looking for growth in the mattress segment.