La Opala RG Ltd

Business Overview

• Opal and crystal glass tableware manufacturer with 3 facilities and global presence in 40+ countries.
• Operates 4 brands and 10 sub-brands across a Pan-India and export network.
• Holds 800+ employees and distributes through 265 distributors and 23,000+ dealers.
• Facilities at Sitarganj and Madhupur provide about 63,000 MTPA capacity.
• Pioneered opal glass in 1989 and crystal glass in 1995.

Key Operational Highlights

• Q1 FY27 revenue from operations rose 9.34% YoY to Rs 7,135.80 Lacs.
• EBITDA (excluding other income) at Rs 2,592.61 Lacs with 36.33% margin.
• PAT for Q1 FY27 stood at Rs 2,619.99 Lacs.
• Sitarganj Unit 1 and 2 capacity 31,000 MTPA each.
• Madhupur facility capacity 1,000 MTPA.
• Net current investment stood at Rs 53,790.63 Lacs.
• ROCE on operating capital employed 5.73%.

Financial Performance

• Gross margin declined to 69.10% from 72.08%.
• EBITDA margin 36.33%; EBITDA Rs 2,592.61 Lacs.
• PBT Rs 3,336.75 Lacs; PAT Rs 2,619.99 Lacs.
• PAT margin 36.72%.
• Finance cost Rs 90.30 Lacs.
• Gross profit Rs 4,930.50 Lacs; gross margin 69.10%.

Capital Structure & Liquidity

• Secured loan reduced to Rs 208.33 Lacs from Rs 486.11 Lacs YoY.
• Share capital Rs 2,220.00 Lacs; Reserve & Surplus Rs 82,957.95 Lacs.
• Total capital employed Rs 85,386.28 Lacs; Operating capital employed Rs 23,825.36 Lacs.
• Net current investment Rs 53,790.63 Lacs.
• ROCE on operating capital employed 5.73%.

Strategic Priorities & Outlook

• Brand recall strategy focuses on visibility, advertising, and new designs.
• Distribution network includes 265 distributors and 23,000+ dealers across markets.
• International presence across 40+ countries.
• Key institutional partners include Samsung, Dr. Reddy's, Cipla, and Panasonic.

Risks & Mitigation

• Forward-looking statements subject to economic, political, and competitive risks.
• Mitigation includes execution of strategy, R&D, and expansion plans.

Governance & Leadership

• Chairman Sushil Jhunjhunwala; Independent Directors Subir Bose and Suparna Chakrabortti.
• MD Ajit Jhunjhunwala; Executive Director Nidhi Jhunjhunwala.
• Company Secretary & Compliance Officer Jit Roy Choudhury.

Unaudited results and disclosures

• Unaudited quarterly results for quarter ended 30 June 2026 approved by Board after Audit Committee.
• Limited Review by Singhi & Co completed; Audit Report placed before Board; no material misstatement.
• Revenue from operations: 7,135.80 lakh; Total income: 8,504.80 lakh.
• Profit before tax: 3,336.75 lakh; Profit after tax: 2,619.99 lakh.
• EPS: Rs 2.36 (basic and diluted).
• Single reportable segment: glass and glassware.
• March 31, 2026 figures are balancing between audited full-year and earlier YTD numbers.
• Notes: results prepared under Ind AS; Limited Review conducted per SRE 2410.

Meeting Details

• Board meeting scheduled for August 12, 2026; time and venue not disclosed.

Key Agenda Items

• Consider unaudited financial results for the quarter ended June 30, 2026 with Limited Review Report.
• Discuss any other matter as the Board may decide during the meeting.

Other Notes

• Trading window closed from July 1, 2026 until 48 hours after declaration of the unaudited results.

AGM and dividend details

• AGM 39th scheduled August 27, 2026 at 2:00 PM IST via VC/OAVM.
• Board has recommended dividend of Rs 5.00 per equity share (250% of Rs 2 face value) for FY2025-26.
• Record date fixed as August 20, 2026 for dividend entitlement and voting eligibility.
• Eligible shareholders: those on register as of Aug 20, 2026 or electronic holders.
• Dividend payout, if approved, within 30 days from declaration.
• Notice and Annual Report will be sent electronically to registered email addresses; unregistered get web-link.

Dividend and TDS update

• Board approved dividend of Rs 5.00 per equity share for FY2025-26, subject to AGM approval.
• TDS on the dividend will be deducted under IT Act amendments effective Apr 1, 2026.
• An information document detailing TDS has been emailed to registered shareholders and will be on laopala.in.
• For electronic payments, shareholders must update PAN, KYC, bank details and nomination, via ISR forms.
• Resident rates: nil if aggregate dividend ≤ Rs 10,000; 10% with PAN; 20% without PAN.
• Non-resident shareholders: 20% (plus surcharge/cess) or DTAA rate, with required supporting documents.
• All links for documentation will be disabled after Aug 20, 2026.
• Documents must be submitted by Aug 20, 2026; failure to provide leads to higher withholding or no exemption.
• Demat holders should keep bank details updated with their DP; physical holders with RTA.
• If tax is deducted higher due to missing documents, shareholders may claim refund.

TDS on dividend for FY2025-26

• Dividend of Rs 5.00 per share recommended for FY2025-26.
• TDS on the dividend will apply from April 1, 2026 under amended IT Act.
• Communication detailing TDS has been emailed to registered shareholders and posted on laopala.in.
• Shareholders must update PAN, KYC, nomination, and banking details; ISR forms ISR1/ISR2 to be submitted.
• Deadline for submission of documents is August 20, 2026; links disable after that date.
• Resident shareholders: no TDS up to Rs 10,000 annual dividend; 10% with PAN; 20% without PAN.
• Non-resident: 20% withholding plus surcharge; DTAA options require specific documentation.
• Demat holders must update bank/KYC via depository; physical holders via RTA Maheshwari Datamatics.
• Documentation submitted may be reviewed; incomplete files may be rejected for beneficial rate.
• The Company will withhold tax based on these records; failure to update may increase withholding.

Certificate submission

• Compliance certificate under Reg 74(5) submitted for the reporting period.