Page Industries Q1 - Early Signs Of Recovery But Normalisation Still Couple Of Quarters Away: Systematix

Systematix Research Report

Page Industries Ltd.’s reported lower than expected revenue growth while operating performance was marginally above our expectations. Company reported revenue/ Ebitda/profit after tax growth of 3.9%/ 2%/ 4.3% YoY respectively.

Volume grew 2.6% to 57.4 million pieces. Growth in consumption and demand remained subdued in Q1 however early signs of recovery are now visible. Gross margin expanded 90 basis points to 54.1%. Stable raw material costs have contributed to healthy margins.

Operating margin contracted 36 bps to 19% impacted due to higher investments on marketing and technology. PAT grew 4.3% to Rs 1,652 million. Other key highlights were 32% growth in the online channel, reduction in the multi brand outlet count led by network consolidation and rationalization, and healthier inventory availability at distribution network giving impetus to secondary sales and higher return on investment.

Company announced interim dividend of Rs 300 per share for FY25.

Click on the attachment to read the full report:

DISCLAIMER

This report is authored by an external party. NDTV Profit does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of NDTV Profit.

Users have no license to copy, modify, or distribute the content without permission of the Original Owner.