Rupa & Company Limited — Investor Meet, 21-11-2025: Analysts/Institutional Investor Meet/Con. Call Updates

Rupa & Company reported Q2 FY26 revenue of INR 320 Cr (+8% YoY) with 14% volume growth, driven by economy and mid-premium segments. However, Q2 EBITDA fell 21% to INR 22 Cr (7% margin) due to aggressive pricing and higher ad spends. Half-year revenue was INR 500 Cr. Management is prioritizing volume growth amid intense competition, targeting 10% revenue growth for the year. Exports surged 28%, and Thermalware volume grew 23-24%. The focus is on re-igniting mid-premium segments and optimizing product mix for future margin improvement, while also expanding modern trade and e-commerce channels. Net cash stands at INR 18 Cr.