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Informist, Wednesday, Feb. 5, 2025

 

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--Page Ind Oct-Dec net profit INR 2.05 bln 
--Analysts saw Page Ind Oct-Dec net profit INR 1.86 bln 
--Page Ind Oct-Dec net profit INR 2.05 bln vs INR 1.52 bln year ago 
--Page Ind Oct-Dec revenue INR 13.13 bln vs INR 12.26 bln year ago 
--Page Ind to pay INR 150 per share interim dividend 
--Page Ind Apr-Dec net profit INR 5.65 bln vs INR 4.61 bln year ago 
--Page Ind Apr-Dec revenue INR 38.37 bln vs INR 35.77 bln year ago 
--Page Ind Oct-Dec raw material cost INR 2.69 bln vs INR 2.85 bln year ago 
--Page Ind Oct-Dec EBITDA INR 3.03 bln, up 33.6% on year 
--Page Ind Oct-Dec EBITDA margin 23.0% vs 18.5% year ago 
--Page Ind Oct-Dec sales volume 57.8 mln pieces, up 4.7% on year 
--Page Ind: Subdued demand in Oct-Dec affected operating environment 
--Page Ind:Demand rose initially Oct-Dec on festivals but fizzled out later 
--Page Ind: E-commerce channels continue to outperform other sales channels 
--Page Ind: Sector faces near term headwind on weak consumer sentiment 
--Page Ind: Athleisure, innerwear seen pivotal growth drivers 
 

 

By Noopur Bhandiwad 

 

MUMBAI – Page Industries Ltd.'s net profit grew 34% on year in the December quarter, the highest in three quarters, driven by consistent revenue growth and control over operating expenses, mainly a 6?ll in the cost of raw materials. The net profit was higher than the Street's estimates. The company's revenues grew in mid-single digits on year but missed the analysts' estimates.

 

Page Industries reported a net profit of INR 2.05 billion for the December quarter. Analysts had estimated the company to report a net profit of INR 1.86 billion. Its revenues for the December quarter were INR 13.13 billion, up 7% on year. Sequentially, the net profit and revenue of the manufacturer and seller of Jockey and Speedo brands rose 5?ch. The company declared an interim dividend of INR 150 per share with a record date of Feb. 13.  

 

For the nine months ended December, the company reported a net profit of INR 5.65 billion, up 23% from 4.61 billion a year ago. The company's revenues for the period rose to INR 38.37 billion from INR 35.77 billion a year ago. The company posted earnings before interest, taxes, depreciation, and amortisation of INR 3.03 billion, up 34% higher on year. The company sold 57.8 million pieces in the December quarter, up 4.7% on year.  More