Page Industries - Steady Q3 Performance, Margins To Remain High: Dolat Capital
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.
Page Industries Ltd.’s Q3 FY21 results were ahead of our estimates. The company reported 10% volume growth - benefiting from opening up of markets.
Revenue growth was also benefited from increased distribution reach and addition of new multiple brand outlets. Athleisure and women segments continue to witness strong double digit growth.
In addition to gross margin expansion, better operating efficiency and lower advertisement and promotion spends helped Ebitda margins to expand by 690 basis points.
Going ahead, we believe that the company’s focus to increase penetration, especially in the women and kid’s categories would help drive growth.
Click on the attachment to read the full report:
This report is authored by an external party. BloombergQuint does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BloombergQuint.
Users have no license to copy, modify, or distribute the content without permission of the Original Owner.