Bella Casa Q3 net profit rises 69 percent to Rs 4 crore
Ethnic wear and home textile brand Bella Casa witnessed a 69 percent growth in its net profit at Rs 4 crore ($552,848) for the third quarter ended December 2020, as against Rs 2 crore it reported in the corresponding period last year.
The revenue of the company jumped by 39 percent to Rs 54 crore during the quarter under review, as compared to Rs 38 crore in the corresponding period of the previous fiscal.
Commenting on the Q3 financial performance, Saurav Gupta, CEO, in a statement said: “During the third quarter of the fiscal year 2021, we have delivered competitive and profitable growth, while continuing to make healthy investments in marketing and creating new capacities. This quarter was our best third quarter ever, and we believe that the worst is behind us.”
“Going forward, as the market conditions improve even further, we will focus on the new product launches and enhanced distribution to build on the growth momentum. Overall, we are relentlessly focused on becoming more agile, increasing the pace of innovations, enhancing our go-to-market approach, and will continue to outperform the market and deliver industry-leading returns,” he added.
Bella Casa Fashion & Retail Ltd (BCFRL) is one of India’s largest manufacturers and distributors of home textile products and designer ethnic wear. It has a network of 80 authorised dealers/wholesalers and reaches out to around 3,000 retailers across the country. The company also has a strong online presence through its platform and e-commerce companies like Flipkart, Amazon, Ajio, and more.
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