Nirmal Bang: La Opala Posts In-Line Q2 Operational Performance
Dinnerware sits on a table inside. (Photographer: Dhiraj Singh/Bloomberg)

Nirmal Bang: La Opala Posts In-Line Q2 Operational Performance

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 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).

Click on the attachment to read the full report:

Nirmal Bang La Opala RG-Q2FY21 Result Update-13 November 2020.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 brokerage 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.

BQ Install

Bloomberg Quint

Add BloombergQuint App to Home screen.