Nirmal Bang: La Opala Posts In-Line Q2 Operational Performance
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Nirmal Bang Report
La Opala RG Ltd.’s Q2 FY21 operational performance was in line with our expectations.
Revenue declined by approximately 38% YoY whereas Ebitda was down approximately 55% YoY.
Sequentially, revenue grew by approximately 320% on account of recovery in general trade and e-commerce.
Modern trade outlook remains weak in the near term as the Future Group was a key player for the company(excluding Future, business has shown some recovery in Q2 FY21).
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