La Opala RG Limited — Updates, 14-11-2024: Press Release

La Opala RG Limited reported its financial performance for Q2 and H1 FY25. For Q2, revenue from operations increased by 24% quarter-on-quarter to INR 91 Crores, although this reflects a slight year-on-year growth of 2%. EBITDA improved sequentially to INR 29 Crores, while the EBITDA margin decreased to 32%. Profit After Tax (PAT) remained stable at INR 24 Crores for the quarter, marking a year-on-year decline of 23%.

In H1 FY25, total revenue reached INR 163 Crores, down 7% compared to the same period last year. EBITDA was INR 56 Crores, a significant decline of 20% year-on-year, with the EBITDA margin at 34%. The PAT for H1 stood at INR 48 Crores, reflecting a 20% decrease from INR 60 Crores in H1 FY24.

Management expressed optimism about market recovery, particularly in the festive season, supported by enhanced distribution channels and proactive inventory management. The focus on cost-control measures is expected to bolster operational efficiency and drive growth, though profitability remains a concern due to a one-time deferred tax expense. Watch closely for potential improvements as market conditions stabilize.