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3Q FY2021 results Bella Casa delivers an astounding 39% sales growth and 69% net profit growth Bella Casa, a leading emerging markets company in the fashion industry, announced its financial results for the quarter and nine months ended December 31, 2020. FINANCIAL OVERVIEW 3QFY21 FINANCIAL PERFORMANCE SUMMARY: ● 3QFY21 consolidated constant currency sales increased by 39% YOY to Rs 53.68 Cr. - a business sales growth of 39% YOY, maintaining the same level of operating profitability. International business sales growth of 33% YOY, on a constant currency basis ● 3QFY21 consolidated constant currency EBITDA increased by 38 % YOY to Rs 6.3 Cr. ● 3QFY21 consolidated net profit
and EPS (without exceptional items) increased by 69% YOY to Rs 4.01 cr and Rs 3.5 per share, respectively. ● The board has declared an interim dividend of 6 % (INR 60 paisa per share) CEO’s COMMENTS Commenting on the financial performance of 3Q FY2021, Mr Saurav Gupta, CEO, said: “During the third quarter of the fiscal year 2021, we have delivered competitive and profitable growth, while continuing to make healthy investments in marketing and creating new capacities. This quarter was our best third quarter ever, and we believe that the worst is behind us. Our comparable sales increased by 39% while EBITDA growth was robust at 38%, in constant currency terms.
Going forward, as the market conditions improve even further, we will focus on the new product launches and enhanced distribution to build on the growth momentum. Overall, we are relentlessly focused on becoming more agile, increasing the pace of innovations, enhancing our go-to-market approach, and will continue to outperform the market and deliver industry-leading returns.” KEY HIGHLIGHTS/FUTURE PLANS ● Historically, the best third quarter for Bella Casa since its inception. ● Volume growth in line with plans for capacity expansion and new market penetration ● Innovation led to market outperformance, and the company plans to capitalise on this momentum in the upcoming quarter.
MARKET REPORT
Pet Wearable Market Size Worth $3.9 Billion By 2027 | CAGR: 11.6% The global pet wearable market size is expected to reach USD 3.9 billion by 2027 according to a new report published by Polaris Market Research. The report “Pet Wearable Market Share, Size, Trends, Industry Analysis Report, By Product (Smart Collars, Activity Trackers, Pet Emotion Sensors, Smart Vests, Smart Cameras, and Smart Harnesses), By Technology (GPS, RFID Devices, Bluetooth, and Sensors); By Application (Identification & Tracking, Medical Diagnosis & Treatment, Behavior Monitoring & Control, Safety & Security, and Facilitation), By Regions; Segment
Forecast, 2020 –2027” gives a detailed insight into current market dynamics and provides analysis on future market growth. Veterinary wearables are the wireless devices enabled with technology to transfer medical and wellness data of an animal or pet on a real time basis. The ecosystem of wireless technology is created via web enabled hardware devices with the owner’s smart phone, also known as “internet of things” to enable data transmission. Through this IOT system the key health metrics of the wearer
are analyzed through analytics software. Data from these wearable devices are extremely helpful in analyzing performance of pet/animal, be it racing horse completion or dog’s sniffing capability to bomb squad team or any other racing competitions. These embedded wearables capture the daily routine activities, food habits, sleep and breathe patterns, activity levels and calories burned in different time intervals under different parameters, heart rate activity and fear and fight responses under strained environments. Above metrics are JANUARY 2021
