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Last Updated : Oct 13, 2016 05:38 PM IST | Source: Moneycontrol.com

Page Industries Q2 PAT seen up 5% to Rs 71 cr: ICICI Securities

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.

 
 
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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 Industries

Page'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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First Published on Oct 13, 2016 05:38 pm
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