'Buy' Page Industries Shares Maintains Motilal Oswal Despite Rich Valuations — Here's Why

Page’s Ebitda margins have consistently exceeded the company’s guided range of 19-21% over the past four quarters (21.5% in FY25). This outperformance has been driven by a combination of factors, including low-cost inventory, moderation in employee expenses as production volumes declined, and operational efficiencies, particularly in sewing and manufacturing processes.