Page Industries - Steady Q3 Performance, Margins To Remain High: Dolat Capital
Jockey store exterior. (Image: Company website)

Page Industries - Steady Q3 Performance, Margins To Remain High: Dolat Capital

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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:

Dolat Capital Page Industries Q3FY21 Result Update.pdf

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