Page Industries Q3 Review - Athleisure, Festive Demand Drive Sales Beat: Motilal Oswal
Speedo’s LZR Racer swimsuits, marketed by Page Industries Ltd. in India, are displayed on mannequins at a shop. (Photographer Tomohiro Ohsumi/Bloomberg)

Page Industries Q3 Review - Athleisure, Festive Demand Drive Sales Beat: Motilal Oswal

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.

Motilal Oswal Report

Page Industries Ltd. reported double-digit topline growth in Q3 FY21, led by healthy festive demand, continued strong demand in the athleisure segment, and strong winter product sales.

While growth is still well below the approximately 29% topline compound annual growth rate reported over FY08–18, the quarter seems to be a step in the right direction.

Interestingly, whether there is sustained momentum in athleisure – a segment that has benefitted immensely from people spending more time at home and thus spending less on formal wear – remains to be seen.

Click on the attachment to read the full report:

Motilal Oswal Page Industries Q3FY21 Result Update.pdf

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