Rupa & Company Update - Strong Profitability: ICICI Direct
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ICICI Direct Report
Rupa & Company Ltd. reported a strong FY21 performance in a tough business environment.
The company showed agility in rejigging both its product portfolio and distribution strategies to benefit from the changing consumption pattern and stress faced by smaller unorganised players.
Rupa reported strong consolidated revenue, profitability for Q4 FY21 aided by a weak base, to some extent.
Revenue for Q4 FY21 grew 153% year-on-year to 454 crore (Q4 FY20: 179 crore; year-on-year down ~ 55%).
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