Page Industries needs sustained growth to support rich valuations
Page Industries Ltd has ended FY25 on a high note. The March quarter (Q4FY25) results surpassed expectations on the earnings front, aided by a solid 486 basis points (bps) year-on-year expansion in Ebitda margin to 21.4%. Stability in raw material prices, especially fabric, sustained higher production efficiency, and controlled operating costs helped operating profit performance.
Page is the exclusive licensee of Jockey International Inc. (USA) for manufacturing, distribution and marketing of the brand in India, and a few other countries.
For the full year, Ebitda margin rose 271 bps in FY25 to 21.5%. Still, Page’s management is being measured in setting…
