Q4FY21 Result Update - Page Industries - ICICI Direct

Page continued its upward trajectory with healthy topline growth in Q4FY21, driven by strong demand for athleisure wear. Revenue grew 63% YoY to Rs. 927.1 crore (two year CAGR: 20.4%), with volumes increasing 54.2% to 46.2 million pieces (partially attributable to benign base). On account of higher RM prices, gross margins declined 122 bps YoY to 57.6%. Employee and other expenses increased 23% and 37% YoY, respectively. Subsequently, EBITDA margins came in at 19.3% (I-direct estimate: 20.5%, Q3FY21: 24.4%, Q4FY20: 10.7%). Absolute EBITDA increased 80% YoY to Rs. 169.8 crore. Driven by a healthy operational performance, PAT came in at Rs. 115.6 crore (Q4FY20: Rs. 31.0 crore).

For details, click on the link below: Link to the report

Shares of PAGE INDUSTRIES LTD. was last trading in BSE at Rs.31252.05 as compared to the previous close of Rs. 31839.9. The total number of shares traded during the day was 2506 in over 1178 trades.

The stock hit an intraday high of Rs. 32129.9 and intraday low of 31005. The net turnover during the day was Rs. 78768141.

Source : Equity Bulls

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