News

Neutral Page Industries Ltd For Target Rs.39,080 -Motilal Oswal Financial Services Demand subdued; outlook remains uncertain * PAG posted a muted 1QFY24 performance due to a slowdown across all categories, resulting in a 23.5% YoY drop in Adj. PAT. There was a strong improvement in QoQ basis. Volume declined 11.5% YoY but grew 31% QoQ. * GP margin contracted 160bp YoY and 370bp QoQ. EBITDA margin also dropped 270bp YoY but improved QoQ due to low product costs and better overhead absorption. The management expects to maintain EBITDA margins within the 19-21% range. ...
Neutral Page Industries Ltd For Target Rs.39,080 -Motilal Oswal Financial Services
Neutral Page Industries Ltd For Target Rs.39,080 -Motilal Oswal Financial Services
Source: Motilal Oswal Financial Services
19/08/2023 10:08:44 AM
Jockey India licensee posts 24% fall in Q1 profit on sluggish demand Page Industries, which licenses innerwear and loungewear brand Jockey International's products in India, reported a nearly 24% fall in first-quarter profit on Thursday, as softer demand weighed. The company, which also licenses the Speedo swimwear brand in India, said its profit fell to 1.58 billion rupees ($19.09 million) for the quarter ended June 30 from 2.07 billion rupees a year earlier. The Bengaluru-based company which also manufactures and distributes athleisure wear reporte...
Jockey India licensee posts 24% fall in Q1 profit on sluggish demand
Jockey India licensee posts 24% fall in Q1 profit on sluggish demand
Source: Reuters
10/08/2023 3:53:15 PM
Hold Page Industries Ltd For Target Rs39,500 - ICICI Securities More challenges (vs. opportunity) in women’s innerwear segment In this report, we present our primary research on 208 brands in both men and women innerwear segment, effectively, analysing 26k SKUs. Observations: (1) competition in women innerwear segment is 1.6x higher (148 brands) than men (90 brands), primarily led by MNC retailers (M&S, H&M etc) and other D2C brands (Amante, Clovia, Zivame etc), (2) Jockey is the only top brand that competes in both men and women innerwear s...
Hold Page Industries Ltd For Target Rs39,500 - ICICI Securities
Hold Page Industries Ltd For Target Rs39,500 - ICICI Securities
Source: ICICI Securities
7/06/2023 4:04:03 PM
Neutral Page Industries Ltd For Target Rs.37,200 - Motilal Oswal Financial Services Disappointing results, stress to continue in 1HFY24 * PAG reported weak 4QFY23 results. Volume declined 14.6% YoY, while sales declined 12.8% (highest decline in sales since FY12, excluding the Covidimpacted period). Even the EBITDA margin of 13.9% was the lowest in over a decade in a non-Covid-hit quarter, affected by the lack of fixed cost absorption due to a volume decline and the consumption of high-cost inventory during the quarter. * While material consumption costs are likely to ...
Neutral Page Industries Ltd For Target Rs.37,200 - Motilal Oswal Financial Services
Neutral Page Industries Ltd For Target Rs.37,200 - Motilal Oswal Financial Services
Source: Motilal Oswal Financial Services Ltd
29/05/2023 2:25:33 PM
Jockey India licensee's Q4 profit slumps on weak demand Page Industries Ltd, which licenses innerwear and loungewear brand Jockey International's products in India, reported a near 60% fall in quarterly profit on Thursday, hurt by weak demand as inflation pinched consumers. The company, known for manufacturing and distributing sports and athleisure wear, posted a profit of 783.5 million rupees ($9.5 million) for the fourth quarter ended March 31, compared to 1.91 billion rupees a year earlier. Higher inventory levels and low capacity uti...
Jockey India licensee's Q4 profit slumps on weak demand
Jockey India licensee's Q4 profit slumps on weak demand
Source: Reuters
26/05/2023 9:16:37 AM
Jockey India licensee`s Q4 profit slumps on weak demand Page Industries Ltd, which licenses innerwear and loungewear brand Jockey International's products in India, reported a near 60% fall in quarterly profit on Thursday, hurt by weak demand as inflation pinched consumers. The company, known for manufacturing and distributing sports and athleisure wear, posted a profit of 783.5 million rupees ($9.5 million) for the fourth quarter ended March 31, compared to 1.91 billion rupees a year earlier. Higher inventory levels and low capacity uti...
Jockey India licensee`s Q4 profit slumps on weak demand
Jockey India licensee`s Q4 profit slumps on weak demand
Source: Reuters
25/05/2023 6:24:34 PM
Accumulate LT Foods Ltd For Target Rs.82 - Geojit Financial Services Strong revenue growth, margin pressure continues LT Foods (LTF) is a global consumer specialty company with focus on Basmati rice, Organic Foods and Rice based Convenience Products. LTF is having presents across 60+ countries with strong footprint in US, Europe and the Middle EAST. * We downgrade to Accumulate rating with a Target of Rs. 82 factoring current pressure on margins. * Q4FY22 revenue grew by 33%YoY. For FY22, revenue growth was at 16% YoY. Basmati & specialty rice seg...
Accumulate LT Foods Ltd For Target Rs.82 - Geojit Financial Services
Accumulate LT Foods Ltd For Target Rs.82 - Geojit Financial Services
Source: Geojit Financial Services
29/03/2023 2:41:02 PM
Buy LT Foods Ltd For Target Rs.120 - Geojit Financial Services Strong revenue growth, margin to recover... LT Foods (LTF) is a global consumer specialty company with an explicit focus on Basmati rice, Organic Foods and Rice based Convenience Products. LTF is having a presence in more than 60 countries with significant regional exposure in the US, Europe, and the Middle East. • We revise our target price to Rs.120 (from Rs.132), considering the current margin pressure, but upgrade to Buy rating due to strong revenue growth and the recent correc...
Buy LT Foods Ltd For Target Rs.120 - Geojit Financial Services
Buy LT Foods Ltd For Target Rs.120 - Geojit Financial Services
Source: Geojit Financial Services
23/03/2023 1:54:18 PM
Sell Page Industries Ltd For Target Rs.34,277 - Geojit Financial Services Tepid volume and margin pressure to continue... Page Industries Ltd. is engaged in the manufacturing, distribution and marketing of innerwear, athleisure, sleepwear and swimwear for men, women and kids. • Page Industries reported a weak set of results, volume in Q3FY23 witnessed a degrowth of 11% YoY, while sales were flat with 2.8% YoY growth. • EBITDA margin shrank by 532bps YoY to 15.8% in Q3FY23, due to high cost inventory and increase in marketing spends. • We ...
Sell Page Industries Ltd For Target Rs.34,277 - Geojit Financial Services
Sell Page Industries Ltd For Target Rs.34,277 - Geojit Financial Services
Source: Geojit Financial Services
17/03/2023 2:08:06 PM
Buy Page Industries Ltd For Target Rs.38,120 - Anand Rathi Share and Stock Brokers Margins hit, to improve ahead; upgrading to a Buy Page’s Q3 FY23 revenue/EBITDA were 4%/21% below our estimates. It attributed the low revenue growth to poor consumer sentiment and ARS implementation, which hurt its primary sales. The EBITDA margin was hit by lower absorption of factory overheads, normalised media spends and high-cost stocks. Ahead, demand per management is still affected. Margins should improve now as its high-cost stocks are almost exhausted. In the past it maintai...
Buy Page Industries Ltd For Target Rs.38,120 - Anand Rathi Share and Stock Brokers
Buy Page Industries Ltd For Target Rs.38,120 - Anand Rathi Share and Stock Brokers
Source: Anand Rathi Share and Stock Brokers Ltd
17/02/2023 2:22:55 PM
Buy Page Industries Ltd For Target Rs.38,120 - Anand Rathi Share and Stock Brokers Margins hit, to improve ahead; upgrading to a Buy Page’s Q3 FY23 revenue/EBITDA were 4%/21% below our estimates. It attributed the low revenue growth to poor consumer sentiment and ARS implementation, which hurt its primary sales. The EBITDA margin was hit by lower absorption of factory overheads, normalised media spends and high-cost stocks. Ahead, demand per management is still affected. Margins should improve now as its high-cost stocks are almost exhausted. In the past it maintai...
Buy Page Industries Ltd For Target Rs.38,120 - Anand Rathi Share and Stock Brokers
Buy Page Industries Ltd For Target Rs.38,120 - Anand Rathi Share and Stock Brokers
Source: Anand Rathi Share and Stock Brokers Ltd
11/02/2023 11:34:54 AM
Add Page Industries Ltd For Target Rs.52,000 - ICICI Securities Momentum intact albeit on an adjusted basis Page had a softer-than-expected print with revenue growth of 16% YoY (1% volume growth). Management’s clarification that core (excluding masks) sales grew 20% with 7% volume growth did help but we would have appreciated this clarity last year itself. EBITDA margin of 19.0% was also lower than the (annual) guided range of 20-21%. We like efforts to find new avenues for growth – kids (model still being fine-tuned) and athleisure range a...
Add Page Industries Ltd For Target Rs.52,000 - ICICI Securities
Add Page Industries Ltd For Target Rs.52,000 - ICICI Securities
Source: ICICI Securities Ltd
9/12/2022 2:49:08 PM
Hold Page Industries Ltd For Target Rs. 51770 - ICICI Direct Volume growth tapers down on high base… About the stock: Page Industries is the exclusive licensee of Jockey international brand and is the market leader in premium innerwear and leisurewear category. The brand is distributed in 2,895+ cities & towns and available in 118123+ MBOs and 1191+ EBOs. Sold ~ 190 million pieces in FY22. * Strong backward integration facilities having capacity of 260 million pieces * Robust business model generating 66%+ RoCE, delivering consisten...
Hold Page Industries Ltd For Target Rs. 51770 - ICICI Direct
Hold Page Industries Ltd For Target Rs. 51770 - ICICI Direct
Source: ICICI Direct Ltd
25/11/2022 11:15:20 AM
Neutral Page Industries Ltd For Target Rs.46,750 -Motilal Oswal Financial Services Margins under pressure; high base adversely affecting volume growth * Sales growth is in line and volume growth seems to be tapering off on a high base of athleisure and mask sales (1% volume growth YoY and 7% YoY excluding masks) in 2QFY23. * Higher yarn/packaging costs YoY (albeit yarn prices declining from its higher levels), staff costs, and ad-spends led to an EBITDA miss in 2QFY23 and are likely to adversely impact 2HFY23 results as well. * While medium-term sales and earnings ...
Neutral Page Industries Ltd For Target Rs.46,750 -Motilal Oswal Financial Services
Neutral Page Industries Ltd For Target Rs.46,750 -Motilal Oswal Financial Services
Source: Motilal Oswal Financial Services Ltd
15/11/2022 11:44:10 AM
Midcaps : Companies with mid premium, urban bent to perform better From our retail universe we expect companies catering largely to the urban population and operating in mid premium segment to outperform its peers. Metro Brands, Trent and Page are expected to register healthy YoY growth as the impact of inflation on the target consumer audience of these companies is least as of now. Also, the strong brand strength has allowed these companies to pass on the RM inflation with relative ease during last year. From our building materials universe we expect PVC pi...
Midcaps : Companies with mid premium, urban bent to perform better
Midcaps : Companies with mid premium, urban bent to perform better
Source: Centrum Broking
11/10/2022 5:33:31 PM
Add Page Industries Ltd For Target Rs.52,000 - ICICI Securities Page delivered ahead-of-expected revenue print with 3-year CAGR of 17%. While there was some gross margin pressure, ~4% price hike was taken in the quarter (8% in Dec-21). EBITDA margin of 22.2% was in line with the guided range. We like efforts to find new avenues for growth – kids (model still being fine-tuned) and athleisure range along with penetrating the rural markets. Besides, our checks suggest good demand traction for women innerwear. Focus also continues on expanding distribut...
Add Page Industries Ltd For Target Rs.52,000 - ICICI Securities
Add Page Industries Ltd For Target Rs.52,000 - ICICI Securities
Source: ICICI Securities Ltd
5/10/2022 2:28:15 PM
Neutral Page Industries Ltd For Target Rs.46,420 -Motilal Oswal Financial Services Beat on all fronts, outlook remains good * PAG’s 1QFY23 result surprised on the revenue front, leading to a beat on overall estimates, despite a higher than expected pressure on gross margin. The management expects yarn costs to come off by Oct- Nov’22. * Three year revenue CAGR (compared to pre-COVID levels) remains healthy ~17%. We expect the healthy momentum to continue. The management expects operating margin to be in line with its long-term average of 20-22%. * While...
Neutral Page Industries Ltd For Target Rs.46,420 -Motilal Oswal Financial Services
Neutral Page Industries Ltd For Target Rs.46,420 -Motilal Oswal Financial Services
Source: Motilal Oswal Financial Services Ltd
13/08/2022 10:44:45 AM
Buy Page Industries Ltd For Target Rs.59,775 - Centrum Broking Firing on all cylinders! Page Industries had another strong quarter with sequential growth of 21%. Robust demand continued across the products, channels and geographies. Gross margins declined though sequentially by 500bps to 54.5% however, were well within the range of margins achieved in 1QFY20. EBITDA, PBT and PAT grew by healthy 12%, 12% and 9% respectively on a YoY basis. EBITDA margins stood at healthy level of 22.2%. Page has almost doubled its MBO reach from 66k to 1.14L outlets an...
Buy Page Industries Ltd For Target Rs.59,775 - Centrum Broking
Buy Page Industries Ltd For Target Rs.59,775 - Centrum Broking
Source: Centrum Broking Ltd
13/08/2022 9:36:40 AM
Page Industries stock hit Rs 50,000 apiece on multi-fold jump in net profit Shares of Page Industries hit a more than Rs 50,000 apiece in the early trades on BSE on Friday after the company reported a multi-fold jump in its net profit in April-June quarter. At 1.21 p.m., shares of Page Industries were trading at 49,103.00, up 91.00 or 0.19 per cent. On Thursday, Page Industries reported a multi-fold increase in its net profit in Q1FY23. The company reported net profit of Rs 207.03 crore, as against just Rs 10.94 crore in the same period last year. The rev...
Page Industries stock hit Rs 50,000 apiece on multi-fold jump in net profit
Page Industries stock hit Rs 50,000 apiece on multi-fold jump in net profit
Source: IANS
12/08/2022 1:54:53 PM
Page Industries Q1 net profit zooms 1790.78% at Rs 207.04 cr The company reported standalone net profit of Rs 207.04 crore for the quarter ended June 30, 2022 as compared to Rs 10.95 crore in the same period last year, registering a year-on-year growth of 1790.78 per cent. Net revenue of the company rose triple digit by 167.43 per cent at Rs 1,341.27 crore in April-June quarter of this fiscal as against Rs 501.54 crore in the corresponding period last year. During April-June quarter, operating expenses increased by 123.28 per cent to Rs 1,043.46 cro...
Page Industries Q1 net profit zooms 1790.78% at Rs 207.04 cr
Page Industries Q1 net profit zooms 1790.78% at Rs 207.04 cr
Source: Dion Global Solutions Ltd
11/08/2022 4:57:39 PM
Add Page Industries Ltd For Target Rs. 46,376 - Yes Securities Aggressive network expansion and investments delivering solid results, maintain ADD on rich valuations Our view PAG delivered another strong quarter with continued momentum on volume growth, benefit of sharp price hikes taken in 1Q and 3Q and positive operating leverage driving sharp margin expansion. The company’s distribution expansion drive continued unabated with addition of more than 5,000 MBOs and 100 EBOs during the quarter. The company’s strategic build‐up of invento...
Add Page Industries Ltd For Target Rs. 46,376 - Yes Securities
Add Page Industries Ltd For Target Rs. 46,376 - Yes Securities
Source: Yes Securities Ltd
28/05/2022 9:16:53 AM
Buy Page Industries Ltd For Target Rs.51,458 - Centrum Broking Expanding its tentacles Page Industries, an exclusive licensee of Jockey USA in India and neighboring countries, has established market leadership in men premium innerwear and women lingerie segments. With 70% in-house manufacturing, Page has strong control over its cost structure. It has developed pan India distribution network selling through multiple channels of – MBOs, EBOs, LFS and E-commerce. We believe that Page has all the required ingredients - strong brand pull, pan India r...
Buy Page Industries Ltd For Target Rs.51,458 - Centrum Broking
Buy Page Industries Ltd For Target Rs.51,458 - Centrum Broking
Source: Centrum Broking Ltd
19/04/2022 9:55:04 AM
Hold Page Industries Ltd For Target Rs.45,400 - ICICI Direct Strong demand to spur revenue growth… About the stock: Page Industries is the exclusive licensee of Jockey international brand and is the market leader in premium innerwear and leisurewear category. The brand is distributed in 2,895+ cities & towns and available in 105000+ MBOs and 1000+ EBOs. It sold ~148 million pieces in FY21. Strong backward integration facilities having capacity of 250 million pieces Robust business model generating 55%+ RoCE, delivering consistent EB...
Hold Page Industries Ltd For Target Rs.45,400 - ICICI Direct
Hold Page Industries Ltd For Target Rs.45,400 - ICICI Direct
Source: ICICI Direct
12/04/2022 2:54:06 PM
Add Page Industries Ltd For Target Rs.42,500 - ICICI Securities (Usual) business momentum back with efforts underway for sustenance Page delivered a good 2Q with 46% YoY revenue growth (2-year CAGR 18%). We reckon, (1) there may be some benefit of pent-up demand – 1HFY22 revenues are lower by 1.5% compared to 1HFY20, (2) GM contraction was contained (down only 70bps YoY) despite higher RM inflation (GM contraction is a near-term risk). We like efforts to find new avenues for growth – kids and athleisure range along with penetrating the r...
Add Page Industries Ltd For Target Rs.42,500 - ICICI Securities
Add Page Industries Ltd For Target Rs.42,500 - ICICI Securities
Source: ICICI Securities Ltd
22/12/2021 9:48:24 AM
Neutral Page Industries Ltd For Target Rs.38,660 - Motilal Oswal Strong topline growth, fair valuations limit upside * PAG reported a strong performance in 2QFY22, with all segments delivering a sales growth of ~40% YoY on a weak base. With in-home consumption dominating in recent quarters, the Athleisure segment has been a key driver on a two year CAGR basis. During the same period Men’s Innerwear (~40% of sales) has seen a tepid performance after declining sharply in 1HFY21. * Two-year sales CAGR of ~18% is likely to have been led primarily b...
Neutral Page Industries Ltd For Target Rs.38,660 - Motilal Oswal
Neutral Page Industries Ltd For Target Rs.38,660 - Motilal Oswal
Source: Motilal Oswal Financial Services Ltd
18/12/2021 11:21:36 AM
Hold Page Industries Ltd For Target Rs.43,850 - ICICI Direct Enhanced distribution reach to aid revenue growth…. About the stock: Page Industries is the exclusive licensee of Jockey international brand and is the market leader in premium innerwear and leisurewear category. The brand is distributed in 2,895+ cities & towns and available in 100000+ MBOs and 1000+ EBOs. Page sold ~ 148 million pieces in FY21. * Strong backward integration facilities having capacity of 250 million pieces * Robust business model generating 55%+ RoCE, del...
Hold Page Industries Ltd For Target Rs.43,850 - ICICI Direct
Hold Page Industries Ltd For Target Rs.43,850 - ICICI Direct
Source: ICICI Direct
16/12/2021 8:51:53 AM
Edelweiss Financial Services gains as its Group increases stake in Wealth Management Business Edelweiss Financial Services is currently trading at Rs. 75.95, up by 0.35 points or 0.46% from its previous closing of Rs. 75.60 on the BSE. The scrip opened at Rs. 75.95 and has touched a high and low of Rs. 77.25 and Rs. 75.80 respectively. So far 51416 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 100.80 on 14-Jul-2021 and a 52 week low of Rs. 56.70 on 03-May-2021. Last one week high and low of the scrip s...
Edelweiss Financial Services gains as its Group increases stake in Wealth Management Business
Edelweiss Financial Services gains as its Group increases stake in Wealth Management Business
Source: Accord Fintech
13/12/2021 11:54:20 AM
Add Page Industries Ltd For Target Rs.42,160 - Yes Securities Aggressive distribution initiatives getting growth back on track but valuations remain rich; maintain ADD Our view PAG delivered one of its best quarters both in terms of revenue growth and margin performance despite the steep inflation in yarn prices. Robust double‐digit growth across Menswear, Womenswear and Leisurewear underscores PAG’s strengths of leveraging its strong brand equity coupled with aggressive network expansion to cater to less penetrated geographies. We believe P...
Add Page Industries Ltd For Target Rs.42,160 - Yes Securities
Add Page Industries Ltd For Target Rs.42,160 - Yes Securities
Source: Yes Securities Ltd
13/11/2021 11:30:12 AM
Page Industries trades in green on the BSE Page Industries is currently trading at Rs. 39358.30, up by 1856.35 points or 4.95% from its previous closing of Rs. 37501.95 on the BSE. The scrip opened at Rs. 37912.85 and has touched a high and low of Rs. 39500.00 and Rs. 37580.25 respectively. So far 1122 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 40,033.40 on 19-Oct-2021 and a 52 week low of Rs. 19455.00 on 02-Nov-2020. Last one week high and low of ...
Page Industries trades in green on the BSE
Page Industries trades in green on the BSE
Source: Accord Fintech
19/10/2021 2:44:51 PM
Neutral Page Industries Ltd For Target Rs.30,100 - Motilal Oswal In-line results; recovery likely to be gradual * Page Industries (PAG)’s results were broadly in line with expectations on the sales front. Although sales were up sharply YoY, they were still 40% below 1QFY20 numbers. June and July saw gradual recovery to normalcy, unlike other discretionary peers in which pent-up demand has led to faster recovery. * The management remains confident of healthy topline growth once the impact of the lockdown abates and ongoing restrictions on stores...
Neutral Page Industries Ltd For Target Rs.30,100 - Motilal Oswal
Neutral Page Industries Ltd For Target Rs.30,100 - Motilal Oswal
Source: Motilal Oswal Financial Services Ltd
30/09/2021 10:09:30 AM
Buy Page Industries Ltd : Growth outlook remains upbeat - Emkay Global Growth outlook remains upbeat * Q1 performance was slightly better, with revenue recovery at 60% (10% ahead of estimates) and EBITDA margins at 6.8%. Sales grew 76% yoy to Rs5bn on low comparables, but declined 43% qoq due to the Covid-induced restrictions. * Management indicated that Jul’21 sales recovery is healthy and similar to Apr’21. Strong growth plans in Kidswear/Athleisure and aggressive network expansion into Tier-3/4 and rural towns offer good visibility of mid-t...
Buy Page Industries Ltd : Growth outlook remains upbeat - Emkay Global
Buy Page Industries Ltd : Growth outlook remains upbeat - Emkay Global
Source: Emkay Global Financial Services Ltd
14/08/2021 10:03:24 AM
Add Page Industries Ltd : Enhancing distribution muscle to leverage strong brand equity; reiterate ADD - Yes Securities Add Page Industries Ltd For Target Rs.36,477 Enhancing distribution muscle to leverage strong brand equity; reiterate ADD    Quarter Highlights * Result highlights – Better than expected revenue growth at 76% YoY led by 72% volume growth from a low base (but still 40% lower than 1QFY20 levels); gross margin up 960bps/10bps YoY/QoQ to 57.7% led by 4% price hikes, negative operating leverage led to lower than normal EBITDA margins at 6.8%. * Distribution expansi...
Add Page Industries Ltd : Enhancing distribution muscle to leverage strong brand equity; reiterate ADD - Yes Securities
Add Page Industries Ltd : Enhancing distribution muscle to leverage strong brand equity; reiterate ADD - Yes Securities
Source: Yes Securities Ltd
13/08/2021 10:11:42 AM
Add Page Industries Ltd For Target Rs. 34,000 - ICICI Securities Steadying ship Revenue growth in 4QFY21 (2-year CAGR) crossed 20%-mark after a gap of nearly three years. While there was normalcy in store operations, PAG did benefit from strong athleisure demand. Margins were slightly soft but price increases, cost savings and operating leverage should help. We like the continued focus on business transformation initiatives (implementation of ARS) and (2) efforts to find new avenues for growth – kids and athleisure range along with penetrating the...
Add Page Industries Ltd For Target Rs. 34,000 - ICICI Securities
Add Page Industries Ltd For Target Rs. 34,000 - ICICI Securities
Source: ICICI Securities
1/07/2021 10:49:23 AM
Neutral Page Industries Ltd For Target Rs.29,000 - Motilal Oswal Sales beat, profits in line; lockdown leads to cut in estimates * While revenue and volume growth in 4QFY21 were ahead of our estimates, lower than expected EBITDA margin resulted in EBITDA and PBT that were in line with our estimates. PAG has taken a 4-5% price increase in 4QFY21 to account for higher yarn prices. * The ongoing lockdown in most parts of India has led to store closures. Key factories of PAG in Bengaluru have been shut for nearly a month. While the management is confiden...
Neutral Page Industries Ltd For Target Rs.29,000 - Motilal Oswal
Neutral Page Industries Ltd For Target Rs.29,000 - Motilal Oswal
Source: Motilal Oswal Financial Services Ltd
21/06/2021 11:50:33 AM
Hold Page Industries Ltd For Target Rs. 34,800 - ICICI Direct Strong end to challenging year… Page continued its upward trajectory with healthy topline growth in Q4FY21, driven by strong demand for athleisure wear. Revenue grew 63% YoY to | 927.1 crore (two year CAGR: 20.4%), with volumes increasing 54.2% to 46.2 million pieces (partially attributable to benign base). On account of higher RM prices, gross margins declined 122 bps YoY to 57.6%. Employee and other expenses increased 23% and 37% YoY, respectively. Subsequently, EBITDA margins cam...
Hold Page Industries Ltd For Target Rs. 34,800 - ICICI Direct
Hold Page Industries Ltd For Target Rs. 34,800 - ICICI Direct
Source: ICICI Direct
11/06/2021 12:13:01 PM
Page Industries Ltd : Exceeding growth expectations; upgrade to Buy - Emkay Global Buy Page Industries Ltd For Taregt Rs.36,500 Exceeding growth expectations; upgrade to Buy * We upgrade PAG to Buy from Hold as the strong Q4 beat and management’s aggressive growth initiatives provide confidence of robust growth momentum ahead. Step-up in growth plans for athleisure/women/kids portfolios, faster network ramp-up (incl. MBO/EBO addition) and focus on rural penetration offer an improved mid-teens growth outlook. * Q4 performance exceeded expectations. Sales grew...
Page Industries Ltd : Exceeding growth expectations; upgrade to Buy - Emkay Global
Page Industries Ltd : Exceeding growth expectations; upgrade to Buy - Emkay Global
Source: Emkay Global Financial Services Ltd
5/06/2021 9:43:39 AM
Add Page Industries Ltd For Target Rs.35,558 - Yes Securities Growth outlook improves on continued athleisure momentum and distribution push Quarter Highlights * Result highlights – Better than expected revenue growth at 63% yoy led by 54% volume growth from a low base (but still a strong 2‐yr CAGR of 20%) continuing 3Q momentum; gross margins impacted by 120bps given RM inflation not fully passed on; normalization of operating expenses led to lower than expected EBITDA margins at 19.3% (up 192% due to low base), lower WC and tax led to 2...
Add Page Industries Ltd For Target Rs.35,558 - Yes Securities
Add Page Industries Ltd For Target Rs.35,558 - Yes Securities
Source: Yes Securities Ltd
28/05/2021 9:45:35 AM
Key News - Eicher Motors Ltd, India Grid Trust Ltd, Page Industries Ltd, Zydus Cadila Healthcare Ltd, Goodyear India Ltd, IRB Infrastructure Developers Ltd by ARETE Securities Key News Eicher Motors' profit after tax jumps 73% to Rs 526 cr in March quarter Eicher Motors Ltd on Thursday reported a 73 per cent jump in consolidated profit after tax at Rs 526.14 crore for the fourth quarter ended March 31, 2021, riding on better sales. The company had posted a consolidated profit after tax of Rs 304.28 crore in the fourth quarter of the previous fiscal, Eicher Motors Ltd said in a regulatory filing. Its consolidated total revenue from operations in January-Ma...
Key News - Eicher Motors Ltd, India Grid Trust Ltd, Page Industries Ltd, Zydus Cadila Healthcare Ltd, Goodyear India Ltd, IRB Infrastructure Developers Ltd by ARETE Securities
Key News - Eicher Motors Ltd, India Grid Trust Ltd, Page Industries Ltd, Zydus Cadila Healthcare Ltd, Goodyear India Ltd, IRB Infrastructure Developers Ltd by ARETE Securities
Source: ARETE Securities Ltd
28/05/2021 9:14:49 AM
Page Industries Ltd - 4QFY21 - Result Update by Mr. Amarjeet Maurya, Angel Broking Below are Views On Page Industries Ltd - 4QFY21 - Result Update by Mr. Amarjeet Maurya - AVP - Mid Caps, Angel Broking Ltd During the 4QFY21, Page Industries Ltd (PIL) reported revenue of ~Rs881cr (up 63% YoY). Resilient performance as the economy starts to show signs of recovery. As of now,  ~90% of our Multi Brand Outlets, 100% of our EBOs and 100% of our Large Format Stores are fully functional. EBITDA margins have improved from 10.7% in Q4FY20 to 19.3...
Page Industries Ltd - 4QFY21 - Result Update by Mr. Amarjeet Maurya, Angel Broking
Page Industries Ltd - 4QFY21 - Result Update by Mr. Amarjeet Maurya, Angel Broking
Source: Angel Broking Ltd
27/05/2021 3:25:00 PM
Page Industries Q4 net profit zooms 272.53% at Rs 115.56 cr The company reported standalone net profit of Rs 115.56 crore for the quarter ended March 31, 2021 as compared to Rs 31.02 crore in the same period last year, registering a year-on-year growth of 272.53 per cent. Net revenue of the company rose substantially by 62.73 per cent at Rs 880.77 crore in January-March quarter of this fiscal as against Rs 541.26 crore in the corresponding period last year. During January-March quarter, operating expenses increased by 47.16 per cent to Rs 710.95 crore...
Page Industries Q4 net profit zooms 272.53% at Rs 115.56 cr
Page Industries Q4 net profit zooms 272.53% at Rs 115.56 cr
Source: IANS
27/05/2021 2:12:43 PM
Add Page Industries Ltd For Target Rs.35,000 - ICICI Securities Business transformation initiatives driving growth Q3 growth of 17% with double-digit growth in athleisure and women’s innerwear is one of the faster recovery (growth) among apparel companies (some of it could be pent up demand too, in our view). We believe that this performance is driven by Page’s continued focus on business transformation initiatives – (1) implementation of auto replenishment system, (2) assortment planner tool (helps in product mix improvement) and (3...
Add Page Industries Ltd For Target Rs.35,000 - ICICI Securities
Add Page Industries Ltd For Target Rs.35,000 - ICICI Securities
Source: ICICI Securities Ltd
16/03/2021 9:01:32 AM
Neutral Page Industries Ltd For Target Rs.28,800 - Motilal Oswal Athleisure, festive demand drive sales beat * Page Industries (PAG) reported double-digit topline growth in 3QFY21, led by healthy festive demand, continued strong demand in the Athleisure segment, and strong winter product sales. While growth is still well below the ~29% topline CAGR reported over FY08–18, the quarter seems to be a step in the right direction. Interestingly, whether there is sustained momentum in Athleisure – a segment that has benefitted immensely from peopl...
Neutral Page Industries Ltd For Target Rs.28,800 - Motilal Oswal
Neutral Page Industries Ltd For Target Rs.28,800 - Motilal Oswal
Source: Motilal Oswal Financial Services Ltd
1/03/2021 11:25:24 AM
Hold Page Industries Ltd For Target Rs. 28,000 - Emkay Global Strong quarter; upsides priced in * Q3FY21 operating performance beat our/Street estimates by 20%. Revenue grew strongly at 17% YoY (4-7% ahead of our/Street estimates) and EBITDA margin expanded ~700bps YoY to 24%. * Volumes rose 10% led by faster growth in Athleisure and women’s innerwear segments. Recovery was slow in men’s innerwear segment (marginal decline in Q3). Commentary points to continued momentum in Athleisure and increased aggression on store additions/new segm...
Hold Page Industries Ltd For Target Rs. 28,000 - Emkay Global
Hold Page Industries Ltd For Target Rs. 28,000 - Emkay Global
Source: Emkay Global Financial Services Ltd
20/02/2021 12:40:01 PM
Views on Page Industries Ltd By Amarjeet Maurya, Angel Broking Ltd Below are Views on Page Industries Ltd By Mr. Amarjeet Maurya - AVP - Mid Caps, Angel Broking Ltd Page Industries Ltd (PIL) is engaged in the manufacturing distribution and marketing of Innerwear Athleisure Sleepwear and Swimwear for men, women and kids. Recently, PIL’s CEO Mr. Vedji Ticku (CEO) has submitted his resignation letter owing to personal commitments and from peak stock has corrected ~11%. In our view, this event will not Impact company’s fin...
Views on Page Industries Ltd By Amarjeet Maurya, Angel Broking Ltd
Views on Page Industries Ltd By Amarjeet Maurya, Angel Broking Ltd
Source: Angel Broking Ltd
17/02/2021 5:37:21 PM
Add Page Industries Ltd For Target Rs.33,920 - Yes Securities Strong beat led by growth recovery coupled with opex controls; reiterate ADD Page Industries delivered a significant earnings beatled by strong growth in athleisure and kids wear segments, significant expansion in distribution footprint and strong festive sales trends which has sustained even post November. Volume growth also bounced back to double‐digits at 10% led by athleisure and women’s innerwear while men’s innerwear remained flattish. A key reason for the growth would b...
Add Page Industries Ltd For Target Rs.33,920 - Yes Securities
Add Page Industries Ltd For Target Rs.33,920 - Yes Securities
Source: Yes Securities Ltd
11/02/2021 9:55:07 AM
Page Industries Ltd 3QFY21 Result Update By Amarjeet Maurya, Angel Broking Below are Views On Page Industries Ltd 3QFY21 Result Update By Mr. Amarjeet Maurya - AVP - Mid Caps, Angel Broking Ltd During the 3QFY21, Page Industries Ltd (PIL) reported revenue of ~Rs971cr (up 17% YoY). Resilient performance as the economy starts to show signs of recovery. As of now, more than 94% of our Multi Brand Outlets, 100% of our EBOs and 93% of our Large Format Stores are fully functional. EBITDA margins have improved from 17% in Q3F...
Page Industries Ltd 3QFY21 Result Update By Amarjeet Maurya, Angel Broking
Page Industries Ltd 3QFY21 Result Update By Amarjeet Maurya, Angel Broking
Source: Angel Broking Ltd
10/02/2021 4:11:26 PM