La Opala - Prepped For Next Leg Of Growth: Centrum Broking Initiates Coverage
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Centrum Broking Report
La Opala RG Ltd., a market leader in opalware category in India, is all prepped for its next leg of growth. The company’s greenfield expansion of opalware is almost complete. It will add 11,000 tonne of capacity to its existing 25,000 tonne by Q4 FY22. It is expanding into borosilicate glass segment with total capex of Rs 700 million spread over next 18 months.
Together these two capacities at its peak utilisation will double sales for La Opala.
Strengthening of demand, revamping of internal sales structure and sharpening up of e-commerce channel will drive growth in short term.
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