Page Industries Annual Report Analysis - See Healthy Sales Growth, Profitability Over Long Term: Dolat Capital
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Dolat Capital Report
Page Industries Ltd.'s annual report 2021 highlights Jockey’s strong brand equity and leadership, channel and capacity expansion and sustainability initiatives.
The company’s volumes remained flat while revenues fell a mere 3.8% in FY21, despite very sharp decline in H1 FY21.
Recovery in H2 FY21 can be attributed to inherent strengths of the brand ‘Jockey’ and the company’s distribution quality.
We expect business to normalise in H2 FY22 with complete opening of markets and consumer confidence coming back.
Moreover, with strong brand recall of Jockey, strong in-house product development, manufacturing expertise and extensive distribution network, we expect healthy sales growth and profitability over the long term.
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