One of the leading and largest knitwear brands in India, Rupa & Company Limited, announced its Unaudited Financial Results for the second quarter ended 30 June 2021.

In this period, its revenues grew by 4 per cent, EBITDA by 16 per cent and profit after tax (PAT) by 32 per cent. The company claims that it was possible due to improved operating efficiencies and cost reduction strategies.

Its revenue was Rs. 218 crore in Q1 FY22, compared to Rs. 209.5 crore in Q1 FY21. For FY 21, the same was Rs. 1,312.7 crore.

Notably, PAT was Rs. 27.2 crore in Q1 FY22, compared to Rs. 20.6 crore in Q1 FY21. For FY 21, the same was Rs. 175.3 crore.

The Kolkata-based company is into manufacturing and selling of men’s and women’s innerwear, thermal wear and fashion wear.

Dinesh Kumar Lodha, CEO of the company, commented on the results, “Q1 FY22 has started on a positive note despite the second wave of COVID-19 affecting businesses. We faced certain disruptions in distribution of our products since many outlets were shut in May 2021. Normalcy resumed in June 2021, and we are witnessing increased demand for our products across all categories. In line with evolving consumer preferences and market demands, we introduced new varieties in each sub-brand. These products have the latest fabric innovations, cutting-edge production techniques and advanced design elements to give the finest experience of style and comfort to the end-user.

Going forward, the company’s focus is to improve its product mix, increase share in premium and super premium category, increase focus on womenswear, casual and thermal wear.

The company also plans to foray into newer markets with increased penetration in the existing markets, which will help the company grow faster, and expect higher than industry growth for the coming year.

The company plans to incur 6 per cent to 8 per cent of revenues on brand building.