Rupa and Company Ltd, a leading innerwear and athleisure brand, witnessed a remarkable 276 percent increase in net profit, reaching Rs 21 crore ($2.6 million) for the third quarter ending in December 2023. This significant growth, compared to Rs 6 crore in the same period last year, highlights the company’s strong performance amidst a dynamic business environment.
The company’s revenue also experienced substantial growth, rising by 35 percent to Rs 318 crore, up from Rs 236 crore in the corresponding quarter of the previous fiscal year. This uptick in revenue can be attributed to robust sales across Rupa’s core product line, demonstrating a resilient market presence.
In a statement addressing the quarterly results, Rupa and Co expressed satisfaction with their performance, emphasizing their adept navigation of the evolving business landscape. The company attributed its revenue surge to strong sales performance, particularly in the innerwear and athleisure segments, with double-digit volume growth for the second consecutive quarter.
Despite facing challenges such as price fluctuations, Rupa and Co remains optimistic about sustaining customer demand in the upcoming quarters. The company’s focus on innovation, sustainability, and customer satisfaction underscores its commitment to long-term growth and success.
Looking ahead, Rupa and Company Ltd has ambitious plans for expansion, intending to broaden its retail footprint by opening 150 new stores over the next three years. Currently operating 29 exclusive brand outlets, this strategic initiative aims to enhance accessibility and cater to a wider customer base, further solidifying Rupa’s position as a market leader in the innerwear and athleisure segments.
