Garments manufacturer Page Industries is expected to report profit at Rs 73.76 crore for July-September quarter, up 22 percent compared with Rs 60.3 crore in year-ago period, according to average of estimates of analysts polled by CNBC-TV18.
Revenue is seen rising 21 percent year-on-year to Rs 559.7 crore while EBIDTA (earnings before interest, tax, depreciation and amortisation) may grow 17 percent to Rs 118.6 crore but margin may contract 100 basis points to 21 percent in Q2.
Volume growth may be around 17 percent. Analysts expect menswear/sportswear to sustain revenue growth momentum of 26 percent and expects womenswear segment to report a healthy 21 percent growth led by 17 percent volume growth.
Operating leverage and improved mix are expected to drive EBITDA margin but higher cotton prices may impact margin YoY.
Bangalore-based Page Industries 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. It is also the exclusive licensee of Speedo International for the manufacture, marketing and distribution of the Speedo brand in India.
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