Update On La Opala Rg Ltd, Target Price 400 By Monarch Networth
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Key MeetingTakeaways
* Sales recovery has been good from July – Expect Q2 to be healthy. The company highlighted that an absence of Wave III disruption may lead to robust FY22.
* Gifting and catering, traditionally important revenue generators, were impacted by COVID. However, during COVID, other segments, mainly retail, have significantly picked up pace.
* Opalware products have significantly grown in the past few years as they are available at reasonable and affordable prices.
* Targets to reach 650 towns having population more than 100,000. Ecommerce is a sunrise channel and is work in progress. New talent acquired for aggressive marketing. All these initiatives expected to add 30-50% growth in ecommerce revenues.
* Plans to increase overall visibility with increasing advertisement spends; however, company does not expect margins to contract as a consequence.
* Company plans to launch two new brands under the premium categories; also, s looking to expand new categories in the glassware segment.
* New plant almost ready and so is related infrastructure. By 4QFF22, commercial production should start. New plant will increase capacity by 11,000tonnes.
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