Rupa & Company Ltd delivers strong performance for FY22, registers highest ever Revenue & PAT in company's history | Q4FY22

Kolkata, 23^rd May 2022; 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 Financial Results for the Quarter and year ended on 31^st March 2022.

Key Financial Highlights: FY22

Particulars* (Rs. Crs.)		Q4FY22		Q4 FY21		Y-o-Y		FY22		FY21		Y-o-Y
Revenues		455.5		454.0		0.3%		1,474.1		1,312.7		12.3%
EBITDA		74.2		90.6		-18.1%		268.5		257.3		4.4%
EBITDA Margins (%)		16.3%		20.0%				18.2%		19.6%
Profit After Tax		49.3		65.9		-25.2%		191.8		175.3		9.4%
PAT Margins (%)		10.8%		14.5%				13.0%		13.4%

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

“We are happy to have delivered another year with increasing growth as we build upon the momentum generated over the last two years. On our journey to achieve ambitious targets, for the second year running, we have recorded highest ever full year revenue & PAT in the company’s history. We are proud to have unlocked another milestone this year, taking the company to new heights. Hence on an increasingly higher base from FY21, in FY22 we have registered encouraging growth in key parameters Revenues, EBITDA and PAT at 12.3%, 4.4% and 9.4% respectively. The growth can be attributed to our efforts in scaling up high margin businesses and strengthening our retail footprint nationwide.

In Q4 FY22, the industry faced headwinds in the form of a COVID wave early in the quarter coupled with rising raw materials prices. In accordance with our brand scaling strategy, in this quarter we incurred higher advertising & promotion expenses. Thus, a multitude of factors led to pressure on margins. We are also taking steps to calibrate pricing as we balance growth and demand.

Our focus on key growth areas has shown good traction in this year and set the platform for a robust growth in the upcoming Financial Year 2022-2023.

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.”

Company Update

Mr. Sumit Khowala who is with the company for over a decade, handling a wide gamut of roles in Finance & Accounts, has been promoted to be the new designated CFO. Mr. Ramesh Agarwal continues to hold the position of Whole Time Director of Rupa & Company Limited.

Mr. Dinesh Kumar Lodha has tendered his resignation on account of personal reasons. The Company is actively looking for a suitable candidate to fill in the position of the CEO.

Mr. Lodha is and will be an active part in this process of selecting the new CEO.