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 Q2 FY22 results surpassed our estimates, with strong demand across all categories.
On two-year compound annual growth rate basis, revenue grew 18%.
Page Industries’ revenue growth in Q2 is higher versus Lux Industries Ltd. (up 25% YoY) and Rupa and Company Ltd. (up 21%).
The company reported 43.6% volume growth on a favorable base of 14% de-growth.
During the quarter, secondary sales growth was in line with primary. The demand continued to remain strong during October and Page Industries expects the trend to continue, going ahead.
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