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 30th September 2021.
Key Financial Highlights:
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.”