Houseware company La Opala RG announced Q4FY24 & FY24 results: Q4FY24 Financial Highlights: Revenue from operations was at Rs 83 crore in Q4FY24, as against Rs 109 crore in Q4FY23 EBITDAstood at Rs 26 crore in Q4FY24, as against Rs 40 crore in Q4FY23 EBITDA margin stood at 31% in Q4FY24, as against 37% in Q4FY23 PAT at Rs 24 crore in Q4FY24, as against Rs 29 crore in Q4FY23 Extensive range of value-added products lead to better realizations FY24 Financial Highlights: Revenue from operations was at Rs 365 crore in FY24, as against Rs 452 crore in FY23 EBITDA stood at Rs 136 crore in FY24, as against Rs 172 crore in FY23 EBITDA margin stood at 37% in FY24, as against 38% in FY23 PAT at Rs 128 crore in FY24, as against Rs 123 crore in FY23 Strong balance sheet with cash position at Rs. 476 crore in FY24 The Board of Directors have recommended dividend of Rs 10/- per equity share (@ 500%) inclusive of special dividend of Rs 5/- per equity share of the face value of Rs 2 each for the financial year ended March 31, 2024(subject to the approval of the Shareholders at the ensuing Annual General Meeting). Commenting on the performance during the quarter, Ajit Jhunjhunwala, Vice Chairman and Managing Director, said, “Our performance for the quarter was subdued owing to lower consumer discretionary spending and some softness in general trade channels. Despite a challenging external environment, we have strived to maintain our margin position by focusing on stringent cost control measures and maintaining optimum utilisation levels. Our commitment to understanding customer needs drives our efforts in portfolio expansion through value-added products and new categories. While our revenues were lower on a sequential basis due to festive sales in Q3FY24, our dedication to highquality products and strong brand recognition positions La Opala to capitalise on the anticipated upward demand movement. Our extensive experience, manufacturing capabilities, robust partner network, and strong brand recall make us the preferred choice among customers.” Result PDF