Moneycontrol
Aug 09, 2017 06:42 PM IST | Source: CNBC-TV18

Page Industries Q1 profit seen up 13%, volume growth may be 7-8%

Analysts expect volume growth at 7-8 percent and realisations at 7-8 percent that may negate the impact of high cotton price.

 
 
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Textile company Page Industries' first quarter profit is seen rising 13.4 percent year-on-year to Rs 76 crore and revenue may grow 14.2 percent to Rs 652 crore due to strong volume growth.

According to average of estimates of analysts polled by CNBC-TV18, operating profit is seen rising 13.8 percent to Rs 124 crore and margin may expand 10 basis points to 19.2 percent compared with same quarter last year.

Page Industries located in Bangalore is the exclusive licensee of JOCKEY International Inc (USA) for manufacture, distribution and marketing of the Jockey brand in India, Sri Lanka, Bangladesh, Nepal and the UAE.

Analysts expect volume growth at 7-8 percent and realisations at 7-8 percent that may negate the impact of high cotton price.

They don't expect GST impact on the company, infact that is positive for Page.

Most of their products are in the sub Rs 1,000 range.

Branded apparel below Rs 1,000 has a GST rate of 5 percent, which is lower than what the company was paying earlier.
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