Page Industries’ Q2 recovery good, but sustaining it is key
The firm’s y-o-y revenue decline was curtailed to 4.5%, better compared to the 66% drop seen in the June quarter
Page Industries Ltd’s sequential improvement for the September quarter is encouraging. However, sustaining the recovery and improving growth rates further will matter more, especially considering the stock’s pricey valuations. The company’s year-on-year (y-o-y) revenue decline was curtailed to 4.5%, strikingly better compared to the 66% drop seen in the June quarter. Higher salience of athleisure and premium products boosted realizations in the September quarter even as volumes declined about 14%.
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