Rupa & Company Ltd recorded a 148 percent jump in net profit to Rs 10 crore for the first quarter ended June 30, as against Rs 4 crore in the year-ago quarter.
The company’s revenue for the quarter rose by 7 percent to Rs 208 crore, as against Rs 194 crore in the corresponding quarter of the previous fiscal year.
Commenting on the results Vikash Agarwal, director at Rupa & Co in a statement said, “We are pleased to report a stable performance in Q1 FY25, though the industry continues to witness resistance to any price increase. We demonstrated steady improvements across key financial metrics. This quarter, we witnessed 8% rise in revenue, primarily driven by strong sales in our core product line.”
“Looking ahead, we are confident in achieving new business milestones and delivering innovative products to our diverse customer segments. Our customer-first approach will help us strengthen our position as an industry leader and contribute to our sustainable business model,” he added.
During the quarter, the company opened one exclusive brand outlet to take its count to 29 outlets and plans to add over 100 new stores during the current financial year.
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