- Business
- La Opala RG Limited manufactures and markets opal glass tableware and crystalware products in India and exports to over 40 countries; its core offerings include opalware such as plates, bowls, dinner sets, cup and saucer sets, coffee mugs and cups, tea sets, soup sets, and dessert sets under brands La Opala and Diva (with collections including Melody, Novo, Classique, Ivory, Pearl, Cosmo, Quadra, Sovrana, Velvett, and Tea & Coffee), crystalware such as barware, vases, bowls, and stemware under the Solitaire brand (handcrafted with 24% lead), and borosilicate cook-serve-store products including airtight storage containers, lunch boxes, and bakeware. The Kolkata-headquartered company, founded in 1987 by Sushil Jhunjhunwala, operates three manufacturing facilities with a combined capacity of 32,000 MTPA (primarily at Sitarganj, Uttarakhand for opalware; Madhupur, Jharkhand for crystalware and suspended opalware), serving household, HORECA, institutional, and gifting markets through over 200 distributors and 23,000 dealers across 600 towns. Recent developments include the 2022 commissioning of a 12,000 MTPA greenfield plant at Sitarganj to enhance opalware production efficiency, suspension of legacy opalware operations at Madhupur in 2023-24 to optimize costs amid revenue challenges, reaffirmation of CARE AA(Stable)/A1+ ratings reflecting strong brand leadership and financial stability, and declaration of a Rs 7.50 per share dividend (including special payout) for FY25 alongside consistent EPS growth to Rs 8.70.