Page Industries on May 23 reported consolidated net profit of Rs 108.2 crore for the March quarter, registering a growth of 38.2 percent from Rs 78.3 crore in the same quarter of the previous financial year.
The total revenue of the company is Rs 995.3 crore, rising 3.2 percent from Rs 964.6crore in the year-ago period, the company said in a regulatory filing.
Earnings before interest, tax, depreciation and amortization (EBIDTA) for the quarter was at Rs 167.2 crore, growing by 24.5 percent. EBITDA margins was at 16.8 percent YoY .
The Board approved Interim Dividend of Rs 120 per share the highest Since November 2021.
"Our adaptive strategies including enhancing supply chain productivity and modernizing our distribution management system in response to the market’s evolving demands have shown early signs of stabilizing revenue this quarter, despite challenges due to generally subdued market conditions. Our ecommerce channel continues to drive substantial growth, reflecting evolving consumer purchasing behaviour. With continued investments in our strategic drivers, we are well-positioned to seize longterm opportunities of growth." said V.S. Ganesh, Managing Director.
The company said in a release that the future prospects for the innerwear and athleisure industry in India are optimistic, fueled by advancements in fabric technology and a rising preference for health-conscious and active lifestyles. Anticipating substantial growth in the athleisure market over the next decade, the shift towards high-quality, functional apparel is expected to boost consumer engagement and demand across urban and rural areas.
Page Industries is poised to leverage these trends through strategic investments in brand development, market expansion, and technology integration. Prioritizing the enhancement of e-commerce platforms and the expansion of distribution networks will be crucial in securing a larger market presence.
Following the earnings, the shares of Page Industries were trading 2.19 percent down at Rs 35,508.95 on BSE at 3:15 pm.
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