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May 29, 2017 | PM Securities
Rupa & Co. registered a strong 23.04% y-o-y growth in top-line for Q4FY17 reporting Rs. 3826 Mn against 3110 Mn (Q4FY16).
This growth can be majorly attributed to shift in product mix to higher value products besides the overall betterment in consumer discretionary spendings over the last year.
Although owing to higher raw-mat & employee costs EBITDA Margins declined by 1.5% to 10.77%. Due to reduced depreciation costs & interest costs a 19.3% & 19.83% growth was reported at PBT & PAT level respectively.
We believe that post the arrangements with FCUK & Fruit of the loom RUPA & Co. can do exceptionally well in the long run although we do not opine to expect quarter to quarter linear growth.
We opine long-term investors to accumulate the stock.
Read more about RUPA & Co’s business prospects on the following link: https://goo.gl/K1gGEw
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