ADVERTISEMENT

La Opala RG Q1 Review - Improved Growth Momentum From June: Nirmal Bang

La Opala RG Q1 Review - Improved Growth Momentum From June: Nirmal Bang

Dinnerware sits on a table inside. (Photographer: Dhiraj Singh/Bloomberg)
Dinnerware sits on a table inside. (Photographer: Dhiraj Singh/Bloomberg)

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.

Nirmal Bang Report

La Opala RG Ltd.’s Q1 FY22 operating performance was below our estimates as the revenue growth was affected by the lockdowns in May 2021 and sales worth ~Rs 80 million were shifted to Q2 FY22.

La Opala RG's management indicated that pick-up in demand is visible from June 2021 and the momentum has continued post Q1.

The new capacity of 11 kilo tonne per annum will get commissioned from January 2022 and has total revenue potential of Rs 1.75 billion at peak utilisation.

While Borosil has also announced capacity expansion recently, we believe that the same would come on stream from FY24.

Click on the attachment to read the full report:

Nirmal Bang La Opala RG-Q1FY22 Result Update-16 August 2021.pdf

DISCLAIMER

This report is authored by an external party. BloombergQuint does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BloombergQuint.

Users have no license to copy, modify, or distribute the content without permission of the Original Owner.