Rupa and 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 nine-month ended on December 31, 2021.
Revenue growth of 19 percent YoY at Rs 1,019 crore in 9M FY22 and EBITDA growth of 17 percent YoY at Rs.194 crore in 9M FY22 and margin at 19.1 percent in 9M FY22. PAT grew 30 percent YoY at Rs 143 crore in 9M FY22 and margins at 14 percent in 9M FY22.
Dinesh Kumar Lodha, CEO said, “We are extremely proud to announce that we continue to build upon the momentum in our growth trajectory. On an already higher base, in Q3 FY22 we have registered double-digit growth in Revenues, EBITDA, and PAT at 25 percent, 26 percent, and 34 percent respectively. As previously defined in our growth strategy, we continue to see robust demand for our attractively priced high-quality products.”
“The company has added trendy and stylish products to expand the SKUs in sub-brands. We are encouraged by the performance of the Athleisure segment which is growing at a fast pace owing to customer preference. The Company is making in-roads in previously untapped geographies (X-factor Markets) and also increasing its penetration in established markets. Going forward, in response to growing demand from international markets, we intend to rapidly grow our exports business,” he added.
"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,” he concluded.