Let's know more about this company from the portfolio of Ashish Kacholia
The Big Whale holds a 1.42% stake in this BSE 500 company.
La Opala RG Limited manufactures and markets opal glass tableware and crystalware products in India as well as international markets. Its brand enjoys a pan-India presence and it exports to more than 35 countries. The company’s prominent brands comprise La Opala (Melody, Novo), Diva (Classique, Ivory, Quadra and Sovrana) and Solitare.
As per the shareholding pattern of the June quarter, the Ace investor holds 15,79,933 equity shares or a 3.89% stake in La Opala RG Limited.
In Q1FY23, revenue grew by 155.38% YoY to Rs 82.15 crore from Rs 32.17 crore in Q1FY22. On a sequential basis, the top-line was down by 8.37% PBIDT (Ex OI) was reported at Rs 32.67 crore, up by 243.29% as compared to the year-ago period and the corresponding margin was reported at 39.78%, expanding by 1019 basis points YoY. PAT was reported at Rs 20.08 crore, up by 126.61% from Rs 8.86 crore.
In the recent quarter, the company has managed to absorb all the recent price hikes and maintain a positive momentum of Opalware products. The company inaugurated a Greenfield plant at Sitarganj and production started in July 2022. With this plant, the production capacity of the company will increase by 11,000MTPA to 37,00MTPA. The demand for opal glassware products in both domestic and international markets has gained traction and this new plant will cater to the needs of this demand. The company has also ventured into the borosilicate category.
On Friday, 16 September 2022, the shares of the company were down by 2.89% and the scrip ended at Rs 354.80. The stock has a 52-week high of Rs 487 and a 52-week low of Rs 241.95.
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