Page Industries' Q1 is expected to be a steady quarter with a slight dip in margin on yearly basis. Profit is likely to jump 20 percent to Rs 75 crore and revenue may increase 19 percent to Rs 530 crore during the quarter YoY.
The company 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.
Operating profit may grow 17 percent to Rs 118 crore but margin may shrink 40 basis points to 22.6 percent compared with year-ago period.
Expectations and what to watch out for-Revenue growth may be led by 15 percent growth in volumes and 7 percent rise in price-Higher staff cost and increase of domestic cotton price may lead to fall in margin by 30-50 basis points-Lower interest cost may support profit-Growth in men's segment is expected to be subdued (contributes 50 percent of revenue)-Growth in women's segment to be around 15 percent-Watch for performance of Speedo, Jockey
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