Page Industries Q4 Preview: PAT likely to surge 85% on-year; margins expected at 20%

Headquartered in Bengaluru, the manufacturer and retailer of innerwear and loungewear-Page Industries is scheduled to release its March quarter earnings on May 23 (Thursday). Zee Business research desk estimates Q4 numbers on a weak base of last year's corresponding period.

The consolidated revenue for the period under review is expected to surge 15 per cent on-year to Rs 1,110 crore as against Rs 969 crore in the same period last year, supported by 15 per cent growth in volume. EBITDA or earnings before interest, taxes, depreciation, and amortization is expected to log a healthy growth of 67 per cent in the March quarter year-on-year at Rs 224 crore. In the year-ago period, the company’s EBITDA was reported at Rs 134 crore. Margins at the company are also seen to expand by 600 bps to 20 per cent as against 14 per cent in Q4FY23.

Consolidated profit after tax or PAT at the company is expected at Rs 144 crore as against Rs 78 crore, a significant rise of 85 per cent on-year.

The desk further added that the company might register market share gains during the period on the back of price cuts. 

Key monitorables

The stakeholders will keep an eye on the management’s commentary with regard to demand outlook and store expansion strategy.

Q3FY24 results

Page Industries reported a 23.1 per cent year-on-year growth in profit after tax (PAT), amounting to Rs 152.4 crore in comparison to Rs 124 crore clocked during the same quarter last year. The company achieved a revenue of Rs 1,228.8 crore, marking a year-over-year increase of 2.4 per cent. Meanwhile, the apparel maker's sales grew 4.6 per cent to Rs 5.52 crore in the third quarter of the financial year 2024 (Q3FY24).

Page Industries share price performance 

The company’s share price has underperformed over the last one year with a negative return of 15 per cent. Last, the shares of Page Industries were up by 0.87 per cent at Rs 35,545.95.