Inventory optimization through the ARS system, new product launches, capacity expansion, and digitalization initiatives will support growth Page Industries, says Motilal Oswal. Benign input costs and cost efficiencies are likely to lead to a better margin print. The brokerage believes the valuation will remain rich but have comfort in both growth and margin in the near term.
NDTV Profit'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 NDTV Profit's subscribers an opportunity to expand their understanding of companies, sectors and the economy.
Motilal Oswal Report
Page Industries Ltd. reported 11% YoY sales growth in Q4 FY25 (estimate: 8%; 7% in Q3 FY25) and ~9% volume growth (estimate: 6%; 5% in Q3 FY25) to 49m units.
Volume growth was driven by consistent efforts in product innovation, marketing and distribution. In our recent channel checks in the innerwear segment, we found positive trends for Page and men's innerwear category in the last 60 days.
Partial benefits were attributed to early Eid in Q4 (last year Eid was in Q1 FY25). Growth was broad-based, with innerwear products slightly outperforming outerwear products.
Product realization stood at Rs 223/piece, up 2% YoY, backed by premiumization and an increasing share of e-commerce. Secondary sales were slightly higher than primary sales during the quarter.
Click on the attachment to read the full report:
DISCLAIMER
This report is authored by an external party. NDTV Profit does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of NDTV Profit.
Users have no license to copy, modify, or distribute the content without permission of the Original Owner.
Essential Business Intelligence, Continuous LIVE TV, Sharp Market Insights, Practical Personal Finance Advice and Latest Stories — On NDTV Profit.
