Rupa registers highest ever Revenue & PAT in FY22
The company has registered encouraging growth in key parameters Revenues, EBITDA and PAT at 12.3%, 4.4% and 9.4% respectively.
Kolkata
Rupa announced its Financial Results for the Quarter and year ended on 31st March 2022. 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 the brand scaling strategy, in this quarter the company incurred higher advertising & promotion expenses. Thus, a multitude of factors led to pressure on margins. Rupa is taking steps to calibrate pricing as we balance growth and demand.
Commenting on the Results, 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.”
Rupa, today is one of the leading knitwear brand 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 1,500 dealers and over 1,50,000 retail touchpoints.
