Rupa & Co posts Rs 65.90 crore profit in Q4 FY21

Rupa & Company posted a consolidated net profit of Rs 65.90 crore in Q4 FY21 compared with net loss of Rs 4.28 crore in Q4 FY20.

As per Business Standard, the company’s net sales surged 153 per cent to Rs 453.06 crore during the quarter while its profit before tax increased to Rs 88.33 crore in Q4 FY21 compared with Rs 1.37 crore in Q4 FY20. EBITDA of company improved to Rs 90.6 crore in Q4 FY21 from Rs 7.9 crore in Q4 FY20. EBITDA margin improved to 20 per cent in during the quarter.

On a yearly basis, Rupa& Company posted a 183.1 per cent jump in net profit to Rs 175.26 crore and 35 per cent rise in net sales to Rs 1,309.42 crore in the year ended March 2021 (FY21) over the year ended March 2020 (FY20).

Revenues for FY21 increased by 35 per cent whereas EBITDA & PAT increased significantly by 126 per cent and 183 per cent respectively. During the year, the company’s working capital reduced by 54 days to 165 days. Going ahead, it expects collection efficiencies to reduce working capital further. In line with evolving consumer preferences and market demands, the company has introduced new varieties in each sub-brand.The company aims to foray in newer markets by appointing new distributors and building experienced team and further strengthen our share in the existing markets.