Brand fatigue is a looming risk for Page Industries
- The stock is currently trading at a FY25 price-to-earnings multiple of around 50x, which does not bode well for its valuation, providing little comfort to investors in the current market scenario.
Shares of Page Industries Ltd slumped to a 52-week low on the National Stock Exchange last month, as investors were disappointed yet again with the company's March quarter (Q4FY23) earnings. In this calendar year so far, the stock has declined nearly 9%. Not just near-term returns, the stock’s long-term performance also seems to be peppered with more misses than hits.