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Buy Page Industries Ltd For Target Rs.54,000 By Motilal Oswal Financial Services Ltd All-round beat; growth acceleration to sustain * Page Industries (PAGE) reported sales growth of 11% in 2QFY25 (est. 7%; 4% in 1Q), with healthy 7% YoY volume growth (est. 3.5%; 3% in 1Q) to 55m. Demand improved sequentially, but a full recovery would be visible in 2HFY25. Demand uptick during the festive season has helped to further liquidate trade inventory by 3 days. The implementation of ARS system has been driving inventory efficiency for distributors, resulting in better secondary or...
Buy Page Industries Ltd For Target Rs.54,000 By Motilal Oswal Financial Services Ltd
Buy Page Industries Ltd For Target Rs.54,000 By Motilal Oswal Financial Services Ltd
Source: Motilal Oswal Financial Services Ltd
2024-11-21 04:34:15 pm
Add Page Industries Ltd For Target Rs. 46,991 By Centrum Broking Ltd E-com/non-metro markets fueling growth Page Industries’ Q2FY25 print was ahead of our estimates; Despite weak consumer sentiments revenue/EBITDA/PAT grew 10.8%/ 20.5%/29.9% YoY backed by 6.7% volume growth (55.2mn pcs). Management alluded growth to, (1) non-metro markets driving volumes, (2) consumer up-trade to premium mix, and (3) strong growth in B2B/B2C channels driven by improved retail metrics. Further new product launches and marketing efforts aided Q2 sales. Further reorganis...
Add Page Industries Ltd For Target Rs. 46,991 By Centrum Broking Ltd
Add Page Industries Ltd For Target Rs. 46,991 By Centrum Broking Ltd
Source: Centrum Broking Ltd
2024-11-08 05:30:36 pm
Neutral Page Industries Ltd For Target Rs.36,500 By Motilal Oswal Financial Services All eyes on inventory liquidation; the moat remains unchanged We recently had an interaction with Mr. Deepanjan Bandyopadhyay, the CFO of Page Industries (PAGE), to gain insight into industry trends and PAGE’s long-term growth drivers. Please find below our key meeting takeaways along with our perspective on the business: Demand revival – a key monitorable * According to our interaction with the management, the demand pressures appear to be stabilizing, and there should ...
Neutral Page Industries Ltd For Target Rs.36,500 By Motilal Oswal Financial Services
Neutral Page Industries Ltd For Target Rs.36,500 By Motilal Oswal Financial Services
Source: Motilal Oswal Financial Services
2024-07-02 02:38:15 pm
Neutral Page Industries Ltd. for Target Rs.36,500 By Motilal Oswal Financial Services All eyes on inventory liquidation; the moat remains unchanged We recently had an interaction with Mr. Deepanjan Bandyopadhyay, the CFO of Page Industries (PAGE), to gain insight into industry trends and PAGE’s long-term growth drivers. Please find below our key meeting takeaways along with our perspective on the business: Demand revival – a key monitorable * According to our interaction with the management, the demand pressures appear to be stabilizing, and there should ...
Neutral Page Industries Ltd. for Target Rs.36,500 By Motilal Oswal Financial Services
Neutral Page Industries Ltd. for Target Rs.36,500 By Motilal Oswal Financial Services
Source: motilal oswal financial services Ltd
2024-06-12 06:10:11 pm
Reduce Page Industries Ltd. For Target Rs.: 38,500 - Emkay Global PAG’s in-line Q3 result was a combination of a 2-3% revenue beat and a 30bps margin miss. The revenue beat was likely led by a higher 39% growth in the online channel (~10% of sales). Volume growth revived, with 5%/-5% growth in Q3/9M (but economy-segment peers are seeing better trends with 15-25% growth in 9M), albeit lackluster (0-10%) revenue growth due to pricing cuts by peers. EBITDA margin improved by ~250bps to 18.7%, on better productivity, insourcing, and cut in discretionary s...
Reduce Page Industries Ltd. For Target Rs.: 38,500 - Emkay Global
Reduce Page Industries Ltd. For Target Rs.: 38,500 - Emkay Global
Source: Emkay Global
2024-05-01 11:24:10 am
Buy Page Industries Ltd. For Target Rs.46304 By Elara Capital Green shoots in deman In-line with estimates; input cost benefits accrual delayed Page Industries (PAG IN) Q3 revenue was in line with our estimates while margin was 231bp lower than our estimates, led by gross margin. The company still sells higher cost inventory and is yet to realize benefits of lower input cost. This led to slight underperformance at the PAT level. Demand starts to pick up in innerwear Revenue grew 2.4% YoY to reach INR 1...
Buy Page Industries Ltd. For Target Rs.46304 By Elara Capital
Buy Page Industries Ltd. For Target Rs.46304 By Elara Capital
Source: Elara Capital
2024-03-21 02:24:08 pm
Page Industries falls despite reporting 23% rise in Q3 net profit Page Industries is currently trading at Rs. 36623.00, down by 96.45 points or 0.26 % from its previous closing of Rs. 36719.45 on the BSE. The scrip opened at Rs. 36740.00 and has touched a high and low of Rs. 36901.00 and Rs. 35890.00 respectively. So far 658 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 43599.00 on 16-May-2023 and a 52 week low of Rs. 34968.60 on 26-May-2023. Last one week high and low of t...
Page Industries falls despite reporting 23% rise in Q3 net profit
Page Industries falls despite reporting 23% rise in Q3 net profit
Source: Accord Fintech
2024-02-09 12:29:16 pm
Jockey India licensee posts higher Q3 profit, helped by higher margins  Page Industries, which licenses products of innerwear and loungewear brand Jockey in India, posted its first increase in profit in five quarters on Thursday, helped by higher margins. The company, which manufactures and distributes sports and athleisure wear, said its profit rose 23% year-over-year to 1.52 billion rupees ($18.3 million) in the third quarter. The Bengaluru-based company's revenue increased 2.4% to 12.29 billion rupees. Its margins on earnings before interest...
Jockey India licensee posts higher Q3 profit, helped by higher margins
Jockey India licensee posts higher Q3 profit, helped by higher margins
Source: Reuters
2024-02-08 04:43:20 pm
Hold Page Industries Ltd For Target Rs. 39,000 - Emkay Global PAG’s in-line Q2 result was a combination of a 5-9% revenue miss and a 160- 180bps margin beat, on lower marketing spend, hiring freeze and an accounting change (Emkay: 40bps benefit). Volume decline persisted, with 9%/11% degrowth in Q2/H1, while the economy-segment players (Lux/Rupa/Dollar) saw 10-20% volume growth in H1, albeit lackluster revenue growth on pricing cuts. Headwinds—in the form of weak demand trends, inventory-laden peers (unusually high schemes to the trade) and ...
Hold Page Industries Ltd For Target Rs. 39,000 - Emkay Global
Hold Page Industries Ltd For Target Rs. 39,000 - Emkay Global
Source: Emkay Global Financial Services
2023-11-28 12:06:41 pm
Buy Page Industries Ltd For Target Rs.44,916 - Centrum Broking Demand environment remains challenging Page Industries’ revenues declined by 10% YoY (volumes: -9% & realization: -1%) to Rs11.25bn, marginally below our estimate of Rs11.55bn. Decline in volumes was on largely on account of muted demand environment and high base effect. Gross margins stood at 55.7%, -11/+270bps YoY/QoQ. With benign RM prices we expect GM to stable. Better overheads management led to EBITDA margins improvement by 180/130bps YoY/QoQto 20.8%. Keeping muted demand e...
Buy Page Industries Ltd For Target Rs.44,916 - Centrum Broking
Buy Page Industries Ltd For Target Rs.44,916 - Centrum Broking
Source: Centrum Broking Limited
2023-11-13 01:20:03 pm