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 Result PDF