Rupa & Company Limited reports strong performance for Q2 & H1 FY22

EBITDA shows a growth of 11% y-o-y

PAT shows a growth of 22% y-o-y

 

Kolkata, 1^st November 2021; Rupa & Company Limited, one of the leading and largest knitwear brands in India, engaged in the manufacturing, marketing, selling and distribution of men's and women's innerwear, thermal wear and fashion wear announced its Unaudited Financial Results for the Quarter and half year ended 30^th September 2021

                                                                                             

Key Financial Highlights:  

Particulars (Rs. Crs.)		Q2 FY22		Q2 FY21		Y-o-Y		H1 FY22		H1 FY21		Y-o-Y
Revenues		367.5		303.5		21%		585.5		513.1		14%
EBITDA		71.3		66.1		8%		113.4		102.4		11%
EBITDA Margins (%)		19.4%		21.8%				19.4%		20.0%
Profit After Tax		53.0		45.4		17%		80.2		66.0		22%
PAT Margins (%)		14.4%		15.0%				13.7%		12.9%

* On Consolidated Basis

Commenting on the Results, Mr. Dinesh Kumar Lodha, CEO said,

“Despite the challenges faced during the first half of the year, the Company has remained resilient, and revenues have grown by 14% to Rs. 586 crores. EBITDA and PAT have increased by 11% and 22% respectively on the back of improved operating efficiencies and cost reduction strategies adopted by the Company. We have seen improved traction during the festivities, and we expect a much better second half of the year. Company is also witnessing strong demand for its thermal wear range.

The Company is focusing on innovating new products and continuously increasing such products in each of its sub brands having the best fabrics and cutting-edge production techniques.

The Company is focusing on increasing sales volumes with changes in product mix. The Company’s plans to increase its share in the premium and super premium category, improve focus on women wear, casual wear, and thermal wear, and foray in newer markets with higher penetration in the existing markets.

With focus on increasing distribution network across India, we expect this cost to remain at similar level going ahead.

We have always been committed to our long-term goal of providing the highest level of consumer satisfaction with our products and brands and we are confident of achieving robust operational and financial performance going ahead.”

About Rupa & Company Limited

Rupa, today is one of the leading knitwear brands in India, covering the entire range of knitted garments from innerwear to casual wear. Rupa has a broad & unparalleled product portfolio of innerwear, thermal wear, and casual and athleisure wear. The Company has a bouquet of brands across all price segments – economy, mid-premium, premium as well as the super-premium across men, women, and kids.

The Company has 4 state of the art manufacturing facilities in Domjur (West Bengal), Tirupur (Tamil Nadu), Bengaluru (Karnataka) and Ghaziabad (NCR) with a capacity of 7,00,000 finished goods per day.

The Company has PAN India presence with over 1,200 dealers and over 1,25,000 retail touchpoints.

Safe Harbor Statement

Any forward-looking statements about expected future events, financial and operating results of the Company are based on certain assumptions which the Company does not guarantee the fulfilment of. These statements are subject to risks and uncertainties. Actual results might differ substantially or materially from those expressed or implied. Important developments that could affect the Company’s operations include a downtrend in the industry, global or domestic or both, significant changes in political and economic environment in India or key markets abroad, tax laws, litigation, labour relations, exchange rate fluctuations, technological changes, investment and business income, cash flow projections, interest, and other costs. The Company does not undertake any obligation to update forward-looking statements to reflect events or circumstances after the date thereof.