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This Article is From Jun 07, 2021

Rupa & Company Update - Strong Profitability: ICICI Direct

Rupa & Company Update - Strong Profitability: ICICI Direct
Customers and pedestrians pass clothes hanging for sale in New Delhi. (Photographer: Anindito Mukherjee/Bloomberg)
STOCKS IN THIS STORY
Rupa & Company Ltd.
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Suryakrupa Finance Ltd.
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Veerkrupa Jewellers Ltd
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BQ Blue's special research section collates quality and in-depth equity and economy research reports from across India's top brokerages, asset managers and research agencies. These reports offer BloombergQuint's subscribers an opportunity to expand their understanding of companies, sectors and the economy.

ICICI Direct Report

Rupa & Company Ltd. reported a strong FY21 performance in a tough business environment.

The company showed agility in rejigging both its product portfolio and distribution strategies to benefit from the changing consumption pattern and stress faced by smaller unorganised players.

Rupa reported strong consolidated revenue, profitability for Q4 FY21 aided by a weak base, to some extent.

Revenue for Q4 FY21 grew 153% year-on-year to 454 crore (Q4 FY20: 179 crore; year-on-year down ~ 55%).

Click on the attachment to read the full report:

DISCLAIMER

This report is authored by an external party. BloombergQuint does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BloombergQuint.

Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

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