Rupa & Company Update - Strong Profitability: ICICI Direct

Customers and pedestrians pass clothes hanging for sale in New Delhi. (Photographer: Anindito Mukherjee/Bloomberg)

Rupa & Company Update - Strong Profitability: ICICI Direct

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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.

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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ICICI Direct Rupa & Company Update.pdf

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