Page Industries Q2 Review - Robust Performance: Dolat Capital
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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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