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Dolat Capital Report
Page Industries Ltd.'s Q4 FY21 results were ahead of our estimates.
The company reported 54% volume growth benefiting from strong recovery in urban markets and premium categories.
Increased distribution reach and addition of new multi brand outlets also supported revenue growth.
Athleisure and women segments continue to witness strong double digit growths.
Despite raw material inflation, Ebitda margin expanded by 850 basis points benefiting from favorable base.
Majority of cost is normalized in Q4 FY21 and the company targets to increase margins to ~21%, going ahead.
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