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Value innerwear players: Will these stocks continue to rerate?

Both Dollar Industries and Rupa Company have guided for healthy 14-15 percent top line growth in FY22

August 13, 2021 / 12:32 PM IST
Value innerwear players: Will these stocks continue to rerate?

Ugro Capital | The company reported lower profit at Rs 1.7 crore in Q1FY22 against Rs 3.72 crore in Q1FY21, revenue rose to Rs 51.27 crore from Rs 30.78 crore YoY.

PRO Only Highlights
Quarterly performance largely backed by improved realisations
Medium-term triggers China plus and protectionist measures for tyre industry
Valuations not inexpensive; but improved medium-term outlook

Value innerwear players, Dollar Industries (CMP: Rs 371; market capitalisation: Rs 2,104 cr) and Rupa Company (CMP: Rs 464; market capitalisation: Rs 3,689 cr) posted strong earnings growth in the June 2021 quarter on a year-on-year (yoy) basis. The growth outlook continues to remain healthy with both companies guiding for 14-15 percent top line growth in FY22. Dollar Industries is investing in capacity expansion and strengthening backward integration (by setting up a spinning unit). Rupa said it would look at...

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