October 13, 2016 / 17:38 IST
ICICI Securities has come out with its second quarter (July-September) earnings estimates for the Apparels sector. The brokerage house expects
Page Industries to report net profit at Rs 71.1 crore, up 4.6 percent quarter-on-quarter.
Revenue is expected to decrease by 1.2 percent Q-o-Q (up 22.5 percent Y-o-Y) to Rs 565.3 crore, according to ICICI Securities.
Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to rise by 3.3 percent Q-o-Q (up 16 percent Y-o-Y) to Rs 108.7 crore.
ICICI Securities' report on Page IndustriesPage's Q1FY17 saw revival in revenue growth with aggressive brand promotion activities. Continuing the momentum, we expect revenue growth of 22.5% YoY to Rs 565.3 crore on the back of 17.2% volume growth and 5.4% realisation growth. We expect the menswear segment to grow by 16% and the leisure segment to grow by 21%. On the EBITDA margin front we expect the margin to decline by 108 bps to 19.2% on the back of higher input and advertisement and brand promotion costs. Driven by steady operational performance, we expect the net profit to grow by 17.9% YoY to Rs 71 crore.
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