Lovable Lingerie gets much love

Lovable Lingerie has a two-week average volume of less than 7000 shares and as against this, today in the morning trade alone, it clocked volumes of close to 2 lakh shares. The stock price is up over 9% at Rs.275, with an intra day high at Rs.279.40. Its 52-week high is at Rs.324.50.

The market is thrilled with the company’s financial performance. Net sales for Q4FY16 rose 44% (YoY) at Rs.36 crore. Operating profit was up from Rs.1.25 crore to Rs.5.58 crore. Net profit for the quarter also jumped up from Rs.1 crore to Rs.3 crore and remained status quo sequentially at Rs.3 crore net profit. Selling & distribution expenses comprises 26% of total costs and it has gone up 14% (YoY). Raw material cost was down 62%.

The company ended FY16 with a 14% rise in net sales at Rs.196 crore and net profit came in at Rs.23 crore, up 15%. Equity stood at Rs.16.80 crore and EPS is at Rs.14 (FV at Rs.10/share).