Page Industries Hits 52-Week High on Strong Q2 FY25 Results and Dividend News

Page Industries’ stock surged 4.75% on Friday, November 08, 2024, hitting a fresh 52-week high at ₹47,250 per share, spurred by robust results for the September quarter (Q2FY25).

Impressive Q2 Financial Results

The company reported a strong year-on-year (YoY) net profit increase of 29.9%, reaching ₹195.3 crore in Q2FY25, up from ₹150.3 crore in the same quarter last year. Revenue also rose by 11.1% YoY to ₹1,246.3 crore, compared to ₹1,122.1 crore in Q2FY24.

Operating performance was equally impressive, with EBITDA growing 22.1% YoY to ₹281.5 crore from ₹230.5 crore in Q2FY24. This led to an EBITDA margin expansion of 210 basis points, up to 22.6% from 20.5%. Sales volume increased 6.7% YoY to 5.52 crore pieces.

Focus on Growth and Digital Transformation

VS Ganesh, the Managing Director of Page Industries, credited the results to the company’s focus on sustainable growth, product development, customer engagement, and operational efficiency. He highlighted ongoing digital transformation initiatives that promise long-term benefits and noted the upcoming festive season as a significant opportunity for increased demand.

Dividend Announcement

The company’s board declared a second interim dividend of ₹250 per share for FY25, with a record date set for November 16, 2024.

Market Outlook

Page Industries highlighted evolving consumer preferences, a shift toward sustainable and eco-friendly products, and a promising apparel retail market fueled by a young population, higher disposable incomes, and urbanisation.

About Page Industries

Founded in 1995, Page Industries Limited holds exclusive rights from JOCKEY International Inc. to produce, distribute, and market the JOCKEY® brand across India, Sri Lanka, Bangladesh, Nepal, and the UAE. Additionally, Page Industries has exclusive rights from Speedo International Ltd. to manufacture, market, and distribute the Speedo brand in India.

On November 08, 2024, Page Industries share price opened at ₹44,850.00 and touched the day high of ₹47,530.00, reflecting a rise of 5.33% as of 10:48 AM on NSE.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.