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Nirmal Bang Report
La Opala RG Ltd.'s last four quarters' revenue performance has shown a lot of promise after three-four years of under-delivery, in our view. Through this note, we highlight what has changed at La Opala and where the business is headed.
While a strong brand equity has played a big role in the company's growth over the years, we believe that distribution ramp-up could be a game changer for the company.
Our channel checks in Mumbai and select markets in North India also support our thesis. La Opala's retail distribution reach was hovering around 12,000 over the last five years, which suddenly increased to 20,000 outlets in FY22.
La Opala's efforts on expanding the distribution reach and its quality through appointment of dedicated people to head different channels have started to yield the desired results.
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