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Centrum Broking Report
La Opala RG Ltd. clocked record sales of Rs 1.09 billion (up 39% YoY), Ebitda of Rs 0.45 billion (up 44% YoY) and profit after tax of Rs 0.33 billion (up 28%).
This was the first quarter in the company's history wherein it crossed Rs 1 billion of quarterly sales. Gross margins and Ebitda margins expanded by 900 basis points and 150 bps to 76% and 41% respectively.
La Opala's capacity utilisation at both the plants were at 100%. Demand was led by higher spend by consumers on discretionary items and a very strong marriage season.
Despite first ten days of January sales being impacted on account of Omicron wave led lockdowns, demand outlook for Q4 FY22 continues to remains strong.
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