Bella Casa Fashion & Retail maintains growth momentum in Q3 FY24
A leading apparel supplier and branded home furnishing player, Bella Casa Fashion & Retail Ltd reported its results for Q3 FY24 and 9M FY24 ended December 31, 2023. The company delivered a solid performance, marking consistent revenue growth and maintaining profitability.
The company’s revenues surged by 12.08 per cent Y-o-Y to Rs 58 crore in Q3 FY24. However, revenues declined slightly compared to Q2 FY24. Cumulative revenue for 9M FY24 reached Rs. 169.0 crore, reflecting steady growth.
Bella Casa’s operating profit improved by 7.7 per cent to Rs 4.5 crores in Q3 FY24. Its Profit Before Tax (PBT) stood at Rs. 3.2 crore, maintaining consistent performance Y-o-Y. Profit After Tax (PAT) reached Rs. 2.5 crore in Q3 FY24, showing a marginal decline Q-o-Q but an improvement Y-o-Y.
The company handled 35 per cent higher volumes in Q3 FY24 compared to the same period last year, indicating strong customer acceptance of product designs and execution strategy.
Saurav Gupta, Director, says, the increasing penetration of organised retail presents significant business growth opportunities for the company. It aims to capitalise on this momentum by leveraging its commitment to quality products and strong partnerships within the Indian retail ecosystem.