Priti International Reports A 54.5% Rise In Revenue To Rs. 5,725.43 Lakh In FY22

Home furniture company Priti International Limited has announced its results for the quarter and financial year ended March 2022.

The Jodhpur headquartered lifestyle player has reported a 41.6 per cent rise in the net profit of Rs 437.5 lakh in the financial year 2021-22, compared to a bottom-line of Rs 309.02 lakh in the previous financial year. Total revenue from the operations of the company rose 54.5 per cent to Rs 5,725.43 lakh in FY 2021-22 as against a total revenue of Rs 3,706.84 lakh in the previous year.

Its operation profits jumped close to 42 per cent to Rs 605.13 lakh from Rs 427.40 lakh during the period. It reported an earnings per share (EPS) of 4.22 for the entire financial year ended March 2022, which was 2.98 in the previous fiscal year.

Hritesh Lohiya, Managing Director, Priti International Limited said, “The performance of the company for the entire financial year has been quite solid and we have been able to navigate through the tough time due to our focus and perseverance. We believe in serving our customers better and creating value for the investors in the long run. There are some near term challenges due to geopolitical worries and rising inflation numbers across the globe. However, with the rising demand for real estate and improvement in living standards of people in urban and semi-urban areas, we are positive to continue our growth trajectory at a better pace.”

Priti International Ltd is an Indian local furniture and lifestyle brand that offers interior collections for homes. The result is a universal style that brings forth a beautiful atmosphere for life. Its products are aspiring to accommodate need, style, and preference for each individual. The brand has a wide-ranging furniture and home decor collection from natural, modern, classic, minimalist, to premium. Priti is in Research and Development collaboration with well-known designers of India, working towards the goal to fulfill and be the answer to India's home furnishing and decoration.

Its collection is tailored to target the retail market, it has an establishment for project-based merchants and also business properties. Priti International Ltd Project through the hospitality sector is   focusing on project-based needs with exclusive furniture collection and fully customized dimensions using high-quality materials such as solid wood, metal and fabrics.