GST has levelled playing field for all players: Page Industries

Page Industries had very good set of results in Q1 led by a jump in revenue while margins remained stable.

In an interview to CNBC-TV18, Sunder Genomal, MD of the company shared his reading and outlook on how Q2 is panning out so far.

On goods and services tax (GST) he said, there hasn’t been much of effect when it came about because it was in line with what the tax structure was previously.

Many brands which were not fully compliant will now have to be compliant so they will have to increase their prices so to some extent it does make us more affordable and has levelled the playing field, he added.

We see a lot of headroom ahead and we expect to be in business continuing to dominate the market for the next 100 years, said Genomal.

We have a large basket of products so we aim for weighted average of 21 percent across categories. Margins are similar across all verticals, he further mentioned.

Targeting EBITDA margin of 21 percent going ahead, he said.

For full interview, watch accompanying video...