BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.
Centrum Broking Report
La Opala RG Ltd. clocked record sales of Rs 1.09 billion (up 39% YoY), Ebitda of Rs 0.45 billion (up 44% YoY) and profit after tax of Rs 0.33 billion (up 28%).
This was the first quarter in the company’s history wherein it crossed Rs 1 billion of quarterly sales. Gross margins and Ebitda margins expanded by 900 basis points and 150 bps to 76% and 41% respectively.
La Opala's capacity utilisation at both the plants were at 100%. Demand was led by higher spend by consumers on discretionary items and a very strong marriage season.
Despite first ten days of January sales being impacted on account of Omicron wave led lockdowns, demand outlook for Q4 FY22 continues to remains strong.
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