Rupa & Company Ltd Q2 net profit drops 10 percent to Rs 18 crore

Rupa & Company Ltd reported a 10 percent decline in net profit to Rs 18 crore ($2.2 million) for the quarter ended September 30, as against Rs 21 crore in the year-ago quarter.

The company’s revenue for the quarter was down marginally to Rs 297 crore, as against Rs 302 crore in the corresponding quarter of the previous fiscal year.

For the first half of the current financial year, the company reported a net profit of Rs 29 crore on a revenue of Rs 507 crore.

Commenting on the results, Vikash Agarwal, director at Rupa & Co in a statement said, “The industry continues to witness aggressive price strategies and resistance for price increase post stabilization of yarn prices. Additionally, demand usually associated with the festive season has partially shifted to Q3 this financial year. We expect improved performance in the coming quarters, with a potential boost from thermal wear sales, athleisure and modern trade business.”

“Our exclusive brand outlet count reached 31 stores as of H1 FY25, and we continue to expand our footprint to reach a broader customer base. Looking ahead, we aspire to reach new business milestones and bring innovative products to our diverse range of customer segments,” he added.

Rupa & Company Limited is one of the largest knitwear brands in India that produces innerwear, casual wear, thermal wear, sleepwear for men, women, and kids.