25 May 2022, Mumbai:
The fourth-quarter net profit of Rupa and Company increased by 25 percent to Rs 49 crore as against Rs 65 crore it posted in the year-ago period.
*As per a Fashion Network report, the company’s revenue during the quarter increased by one percent to Rs 459 crore, as against Rs 457 crore it reported in the corresponding period of the previous fiscal year.
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Income during the financial year 2021-22 increased to Rs 1,484 crore while net profit increased to Rs 191 crore.
Dinesh Kumar Lodha, the CEO, of Rupa and Company, say, the company recorded the highest ever full-year revenue and Profit After Tax in the company’s history during the year.
Growth can be attributed to its efforts to scale up high-margin businesses and strengthen its retail footprint nationwide.
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The company’s focus on key areas has set the platform for robust growth in the upcoming financial year 2022-2023. The company has always been committed to its long-term goal of providing the highest level of consumer satisfaction with its products and brands, adds Lodha.
One of the largest knitwear brands in India, Rupa & Company produces innerwear, casual wear, thermal wear, and sleepwear for men, women, and kids.
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CREDITS: *A Fashion Network Report.
