Apparels & Accessories company Rupa & Company announced FY23 results:
- FY23 Revenue stands at Rs 1,143 crore
- Exports continue to perform well with 25% yoy growth in FY23, contributing ~4% to overall revenues
- Modern trade & e-commerce registered a robust 32% growth and contributed ~5% to overall revenue
- Slowdown in demand led to reduced sales and escalated costs have affected margin
- Proactive measures to support our trade partners and dealers, offered extended credit period
- Higher spend on branding being 7% of revenue in FY23 vs 4.2% in FY22
- Cash Flow from operations stands at Rs 185 crore vs (Rs 116 crore)
- Net debt stands at Rs 134 crore in FY23 vs Rs 231 crore in FY22
- Net working capital deployed reduce to Rs 789 crore in FY23 from Rs 910 crore in FY22