Rupa & Company Ltd

- There is no mention of any current or planned fundraising through debt or equity in the transcript. - The company reports maintaining a robust net cash position and a cash surplus of INR 53 crores as of June 30, 2025. - Working capital management is described as prudent and disciplined. - No indications or comments were made by management regarding upcoming capital raises or borrowing plans. - Capex plans for FY '26 are modest (INR 15-20 crores), with no suggestion of requiring external funding.

- For the current financial year 2025-26, Rupa & Company Limited has planned a capital expenditure (capex) of INR 15 to 20 crores. - No major asset acquisitions are planned as part of this capex. - The capex appears focused on maintaining and enhancing existing operations rather than large strategic investments or expansions.

- Q2 FY '26 is expected to recover the volume deficit experienced in Q1. - Thermal wear orders are expected to grow by 5% to 10% in Q2 compared to last year’s Q2. - Athleisure segment shows strong growth, contributing around 15% of revenue with higher margins (35%-40%). - Focus on enhancing channel efficiency, product mix, and innovation to meet evolving consumer preferences. - Efforts are underway to increase the women's category market share by introducing new products and building a strong foundation. - Modern Trade channel is stable with expectations to reach INR 80-90 crores turnover and shows demand pickup in the current quarter. - Despite short-term pricing pressures and competitive intensity, the company aims for sustainable medium to long-term growth.

- Company expects to regain volume deficit of Q1 in Q2 FY '26, indicating a recovery in sales volume. - EBITDA margin guidance for Q2 FY '26 is projected in the range of 8% to 9%, showing improvement from Q1 margin of 6.6%. - Management anticipates margin pressure to persist short-term due to intense pricing competition. - Focus on disciplined pricing strategy to sustain brand equity and long-term profitability. - Investments are being made in high-potential categories like Athleisure, which showed strong growth and higher margins (35%-40%) compared to innerwear. - Continued emphasis on enhancing channel efficiency, product mix refinement, and innovation to meet evolving consumer preferences. - Moderate capex planned (INR 15-20 crores) indicates controlled spending to support growth without straining finances. - Overall, confident in navigating current challenges to deliver sustainable medium- to long-term growth in earnings and profits.

- The company is receiving a good order book for thermal wear as of now. - They expect thermal order growth of 5% to 10% in Q2 FY '26 compared to Q2 last year. - No specific details on overall current or pending order backlog size provided beyond thermal orders.