Libas Designs which specializes in contemporary and ethnic men's and women's wear, wearing apparel, jewelry and other related items in India, is venturing into the FMCG segment. The company has received in-principle approval from the NSE for change in name of the company from Libas Designs to Libas Consumer Products (LCPL).

Besides engaging in designer ethnic wear, LCPL will undertake manufacturing importing and exporting of various niche FMCG and agro products. The company also plans to acquire Golden Bricks Infrastructure, which is a part of the promoter group and specializes import of rock salt from all over the world and also export of agro products for last two years. The acquisition would give LCPL an access to the various rock salt mines that Golden Bricks has tied up with, and LCPL would in turn import, crush, process and package this slat for third parties. Additionally, LCPL plans to launch its own brand across India.