Rupa and Company reported good set of number in the fourth quarter FY18. The revenues were up 10 percent at Rs 420 crore versus Rs 381 crore for the corresponding quarter last fiscal.

Throwing more light on the quarter performance, Ramesh Agarwal, whole time director, Rupa & Company, said the company is not very happy with the financial year 2018 performance and hopes to do much better in current financial year.

The margins in last year were good because of lower interest cost, uptick in efficiency of internal cost control and service tax refund due to GST. For the current financial year, the company expects margins to improve by 100 basis points, said Agarwal.

The volume growth in 2018 was flat, however, in financial year 2019, it hopes to grow volumes by 7-8 percent and value growth by 15 percent on back of ‘Fruit of the loom’ brand and other brands doing well.

“The targeted sales for ‘Fruit of the loom’ brand is Rs 100 crore in FY19 compared to Rs 25 crore in FY18,” said Agarwal. The company is focused on expanding the distribution for this business, he added.

With regards to inorganic growth, he said they would be interested in an active brand but are not in talks with anyone in particular currently.

First Published:May 24, 2018 2:44 PM IST