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Informist, Thursday, May 15, 2025

By Shakshi Jain

MUMBAI – Page Industries Ltd. Thursday reported a sharp year-on-year rise in its bottom line for the March quarter as revenue of the company grew faster than its expenses for the period. The company also beat street estimates to clock its highest on-year profit growth in eleven quarters. 

Page Industries posted a net profit of INR 1.64 billion for Jan-Mar, up nearly 52% on year but down almost 20% sequentially. Analysts had expected the company to report a net profit of INR 1.35 billion. Its revenue from operations rose around 11% on year to INR 10.98 billion, a tad higher than analysts' expectation of INR 10.79 billion. Sequentially, the company's top line fell over 16%. 

Page Industries credited supply chain efficiency, product innovation, cost opitimisation, and measures taken to improve customer experience for its profit growth in Jan-Mar as well as the full financial year. Its earnings before interest, taxes, depreciation, and amortisation totalled INR 2.35 billion during the quarter, up 43.2% on year. The company reported a 480-basis-point on-year improvement in its EBITDA margin for the quarter to 21.4%. This was due to stable raw material costs, sustained supply chain efficiency, and cost effective investments, the company said in its investor presentation. Sequentially, Page Industries' EBITDA margin fell by 160 bps. 

Total expenses of the company rose over 4% on year to INR 9 billion. Expenses related to purchases of stock-in-trade rose the highest, by nearly 49% to INR 2.07 billion, followed by other expenses, which grew around 13% to INR 2.25 billion. Employee benefit expenses of the company increased almost 8% to INR 2.08 billion, and cost of materials consumed recorded over 3% rise to INR 2.69 billion. 

During the reporting quarter, modern retail channels, including exclusive branded stores and e-commerce, showed healthy signs of growth, while large format stores faced challenges due to subdued footfalls, the company said. QCOM. It is now focusing on consolidation in the latter format to ensure premium brand representation and long-term sustainability, Page Industries added.

FULL YEAR FINANCIALS

For 2024-25 (Apr-Mar), Page Industries reported a net profit of INR 7.29 billion, up over 28% on year. Its revenue for the year rose 8% to INR 49.35 billion. Consumer demand growth remained subduded through most of FY25, but encouraging signs of recovery emerged in the second half, the company said. During the year, growth was more pronounced in tier-2 and 3 cities, compared with metro and tier-1 markets, it added.

Going forward, Page Industries is hopeful of a better demand scenario on the back of government initiaives towards direct tax rationalisation, under-control retail inflation, and a normal monsoon. 

Page Industries declared an interim dividend of INR 200 per share. On Thursday, shares of the company rose to an over three-month intraday high of INR 47,365 after the March quarter results were announced and closed at INR 46,940 on the National Stock Exchange, up 1.1% from the previous close.  End

Edited by Akul Nishant Akhoury

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