Page Industries’ pricey shares need a growth push to shine2 min read 29 May 2022, 10:49 PM IST
Despite Omicron-led disruption, Page Industries saw robust volume growth in Q4FY22
Revenue growth was aided by a price hike of 8% in the December quarter of FY22
Page Industries Ltd has ended the year on a strong note. Despite the disruption caused by the Omicron wave of coronavirus, revenues grew by 26% year-on-year (y-o-y) in the March quarter to ₹1,111 crore, primarily driven by higher price realizations. The Ebitda (earnings before interest, taxes, depreciation and amortization) margin at 24% has exceeded the consensus estimate of 20.5%. Page is the exclusive licensee of Jockey International Inc. for the manufacture, distribution, and marketing of the Jockey brand in India and a few other countries.
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