Page Industries had very good set of results in Q1 led by a jump in revenue while margins remained stable. In an interview to CNBC-TV18, Sunder Genomal, MD, Page Industries shared his reading and outlook on how Q2 is panning out so far.
Witnessed slowdown in sales in the first three days post demonetisation, says Pius Thomas, ED-Finance at Page Industries.
A price increase of 5 percent will improve operating margin, says Pius Thomas, Executive Director, Finance, Page Industries. The company's promoters have reduced their stake to below 50 percent.
The company reported rise of 49% in sales for this quarter. Talking about revenue growth in FY12, Ashok Genomal, managing director of Page Industries, said, "The way things are going, we don’t see any reason why our this strength will not continue. And the markets looking even more exciting, going forward,"