BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.
Dolat Capital Report
Page Industries Ltd.’s results were ahead of our estimates. The company reported 13.6% volume de-growth, primarily due to supply constraints during July.
On month-on-month basis, sales improved gradually. The company achieved sales normalisation in August and witnessed strong growth in September.
Despite gross margin contraction, better operating efficiency and lower advertising and promotional spends helped Ebitda margins to expand by 310 basis points.
Secondary demand was ahead of primary throughout the quarter, signifying steady increase in sales growth.
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