Company Overview

La Opala RG Limited is a tableware company with over 3 decades of experience, having pioneered opal glass technology in India in 1989 and crystal glass technology in 1995. The company operates 4 brands with 10 sub-brands and has 3 manufacturing facilities with total capacity of 32,000 MTPA (31,000 MTPA opalware at Sitarganj, Uttarakhand and 1,000 MTPA crystalware at Madhupur, Jharkhand). The company has pan-India presence with 275 distributors, 25,000+ dealers, and international presence in 40+ countries.

Financial Performance - Q2 FY27 (₹ in Lacs)

Income Statement:

  • Revenue from Operations: 10,137.25 (11.52% YoY increase from 9,090.17 in Q2 FY26)
  • Cost of Goods Sold: 3,648.36 (13.79% YoY increase)
  • Gross Profit: 6,488.89 (10.28% YoY increase)
  • Gross Profit Margin: 64.01% (vs 64.73% in Q2 FY26)
  • Employee Cost: 1,734.58 (16.42% YoY increase)
  • Other Expenses: 1,144.96 (30.68% YoY increase)
  • EBITDA (Excluding Other Income): 3,609.35 (2.60% YoY increase)
  • EBITDA Margin: 35.60% (vs 38.70% in Q2 FY26)
  • Other Income: 402.18 (37.39% YoY decrease from 642.36)
  • Depreciation: 546.14 (6.40% YoY increase)
  • Finance Cost: 112.91 (11.58% YoY decrease)
  • PBT: 3,352.48 (4.74% YoY decrease)
  • PBT Margin: 33.07% (vs 38.72% in Q2 FY26)
  • PAT: 2,529.58 (5.54% YoY decrease)
  • PAT Margin: 24.95% (vs 29.46% in Q2 FY26)

Financial Performance - H1 FY27 (₹ in Lacs)

Income Statement:

  • Revenue from Operations: 17,273.05 (10.61% YoY increase from 15,616.71 in H1 FY26)
  • Cost of Goods Sold: 5,853.66 (16.41% YoY increase)
  • Gross Profit: 11,419.39 (7.85% YoY increase)
  • Gross Profit Margin: 66.11% (vs 67.80% in H1 FY26)
  • Employee Cost: 3,204.33 (9.41% YoY increase)
  • Other Expenses: 2,013.10 (16.45% YoY increase)
  • EBITDA (Excluding Other Income): 6,201.96 (4.57% YoY increase)
  • EBITDA Margin: 35.91% (vs 37.98% in H1 FY26)
  • Other Income: 1,771.18 (14.33% YoY decrease)
  • Depreciation: 1,080.70 (6.83% YoY increase)
  • Finance Cost: 203.21 (17.95% YoY decrease)
  • PBT: 6,689.23 (0.74% YoY decrease)
  • PBT Margin: 38.73% (vs 43.15% in H1 FY26)
  • PAT: 5,149.57 (1.23% YoY decrease)
  • PAT Margin: 29.81% (vs 33.38% in H1 FY26)

Balance Sheet (H1 FY27 period end):

  • Share Capital: 2,220.00 (unchanged from H1 FY26)
  • Reserve & Surplus: 79,230.26 (vs 77,963.28 in H1 FY26)
  • Total Equity: 81,450.26
  • Secured Loan: 280.06
  • Net Current Investment: 49,138.61 (4.99% increase from 46,804.33 in H1 FY26)
  • Non-Current Investment: 6,922.83
  • Operating Capital Employed: 25,668.88
  • Property, Plant & Equipment: 15,402.60
  • Inventories: 10,043.48
  • Trade Receivables: 4,959.39

Cash Flow Statement (H1 FY27):

  • Cash generated from Operations: 3,873.59
  • Direct taxes paid: 1,403.00
  • Net Cash from Operating Activities: 2,470.59
  • Net Cash from Investing Activities: 3,845.11
  • Net Cash from Financing Activities: (6,311.99)
  • Net Increase in Cash & Cash Equivalents: 3.71
  • Closing Cash & Cash Equivalents: 14.26

Profitability Metrics:

  • Operating EBIT (H1 FY27): 3,698.00
  • ROCE on Operating Capital Employed: 14.41% (vs 14.24% in H1 FY26)

Operational Highlights

  • Manufacturing capacity: 32,000 MTPA across 3 facilities
  • Distribution network: 275 distributors, 25,000+ dealers
  • Employee base: 800+ employees
  • International presence: 40+ countries

Product Portfolio

The company operates multiple brands including La Opala MELODY, NOVO, Diva CLASSIQUE, IVORY, PEARL, COSMO, TEA & COFFEE, QUADRA, SOVRANA, VELVETT collections, and SOLITAIRE CRYSTAL products.

Board of Directors

  • Mr. Sushil Jhunjhunwala (Chairman)
  • Mr. Ajit Jhunjhunwala (Vice Chairman & MD)
  • Mrs. Nidhi Jhunjhunwala (Executive Director)
  • Mr. Subir Bose (Non-executive Independent Director)
  • Ms. Suparna Chakrabortti (Non-executive Independent Director)
  • Mr. Saradindu Dutta (Non-executive Independent Director)

Forward-Looking Statements

The presentation includes forward-looking statements subject to known and unknown risks and uncertainties that could cause actual results to differ materially from expectations. The company undertakes no obligation to update forward-looking statements except as required by applicable securities laws.