In comparison to the same quarter last year, Rupa & Company Ltd recorded a 28 per cent increase in net profit to Rs. 24 crore for the fourth quarter that concluded on 31st March.
Compared to Rs. 406 crore in the same quarter of the previous fiscal year, the company’s revenue for the quarter decreased by 2 per cent to Rs. 399 crore. The company’s income for the entire financial year increased by 30 per cent year over year to Rs. 70 crore from Rs. 1,211 crore.
Commenting on the results, Vikash Agarwal, director at Rupa & Co Ltd in a statement said, “Unaided by business landscape in maintaining the prices, your company notably registered a 7 per cent & 17 per cent volume growth in Q4 FY ’24 and FY ’24 respectively. Growth in volumes reflects our strong brand recognition, innovative product, and effective business strategy.”
“Looking ahead, we are confident in achieving new business milestones and providing innovative products to our various customer segments. Our customer-first approach will help us enhance our position as an industry leader and contribute to our sustainable business model,” he added.
During the year, the company took its exclusive brand outlet count to 29 stores and plans to expand its retail presence to reach a broader customer base by opening 150 stores over the next three years.
