ECONOMY

Page Industries Q4 Review – Strong Performance Continues: 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 Q4 FY21 results were ahead of our estimates.

The company reported 54% volume growth benefiting from strong recovery in urban markets and premium categories.

Increased distribution reach and addition of new multi brand outlets also supported revenue growth.

Athleisure and women segments continue to witness strong double digit growths.

Despite raw material inflation, Ebitda margin expanded by 850 basis points benefiting from favorable base.

Majority of cost is normalized in Q4 FY21 and the company targets to increase margins to ~21%, going ahead.

Click on the attachment to read the full report:

Dolat Capital Page Industries Q4FY21 Result Update.pdf

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