Bella Casa Fashion & Retail Ltd, a leading apparels supplier and branded home furnishing player, announced its result for Q3FY24 and 9M FY24 ended December 31st, 2023 on February 09th 2024.
Key Financial Highlights:
Revenue: Bella Casa Fashion & Retail Ltd reported revenue of Rs. 58.0 crores in Q3 FY24, marking a slight decline compared to Rs. 64.2 crores in Q2 FY24. However, on a year-on-year (YoY) basis, there was an improvement from Rs. 51.4 crores in Q3 FY23. The cumulative revenue for the nine months of FY24 stood at Rs. 169.0 crores, reflecting steady growth compared to the same period last year.
Operating Profit: The company recorded an operating profit of Rs. 4.5 crores in Q3 FY24, showing a marginal decrease from Rs. 4.9 crores in Q2 FY24. However, compared to Q3 FY23, there was a slight uptick from Rs. 4.3 crores. The operating margin remained relatively stable at 7.7% in Q3 FY24.
Profit Before Tax (PBT): The company reported a PBT of Rs. 3.2 crores in Q3 FY24, maintaining a consistent performance compared to the previous quarter. Similarly, on a YoY basis, there was no significant deviation from Rs. 3.2 crores in Q3 FY23. The PBT for the nine months of FY24 stood at Rs. 9.4 crores, indicating a steady growth trajectory.
Profit After Tax (PAT): The company's PAT for Q3 FY24 amounted to Rs. 2.5 crores, showing a marginal decline compared to Rs. 2.6 crores in Q2 FY24. However, on a YoY basis, there was a slight improvement from Rs. 2.4 crores in Q3 FY23. The PAT for the nine months of FY24 stood at Rs. 7.1 crores.
Commenting on the results, Saurav Gupta, Director of Bella Casa Fashion & Retail Limited commented: "With growing penetration of organised retail, the company continued on its path of sustained growth. We are happy to handle ~35% higher volumes during the quarter as compared to the same quarter last year. It also serves as an endorsement towards acceptability of our product designs and our execution strategies.
As preferred partners to our esteemed customers [who are the backbone of Indian retail ecosystem] we foresee significant business growth visibility, being aligned to their supply chain. This positive momentum is reflective of the synergy between our commitment to deliver quality products and the success of those we serve.
We reiterate sufficiency of our existing plant capacity to take us to Rs.400 crs of sales. As stated in the past, we can deliver ~1mn pieces a month from our existing infrastructure as we de-bottleneck additional capacity from marginal capex with plant design efficiency."
Shares of Bella Casa Fashion & Retail Ltd was last trading in BSE at Rs. 232.55 as compared to the previous close of Rs. 220.00. The total number of shares traded during the day was 91126 in over 728 trades.
The stock hit an intraday high of Rs. 242.00 and intraday low of 213.00. The net turnover during the day was Rs. 20910847.00.