La Opala RG - Revenue Growth Ahead Of Management Estimates: Nirmal Bang
Tableware and cookware stand on display in the window. (Photographer: Victor J. Blue/Bloomberg)

La Opala RG - Revenue Growth Ahead Of Management Estimates: Nirmal Bang

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Nirmal Bang Report

La Opala RG Ltd.’s Q3 FY21 revenue performance was better than our as well as management expectations, led by strong demand during the festive season.

Retail demand came back to pre-Covid-19 levels and the momentum has continued even thereafter.

Q3 FY21 revenue was flat YoY despite losing some revenue on account of supply chain related issues. While profitability parameters in nine months FY21 are weak compared to corresponding period last year, we expect the same to reverse post normalisation and increase in capacity utilisation.

Bigger furnace has been started by the company in Q3 FY21 and the other one is under maintenance and expected to start from May 2021.

Click on the attachment to read the full report:

Nirmal Bang La Opala RG-Q3FY21 Result Update-12 February 2021.pdf

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