Page Industries Q3 preview: Jockeys parent firm likely to post 25% YoY growth in PAT, EBITDA seen jumping 28%
The garments and apparel company is estimated to log a PAT of Rs 155 crore for the period under review in comparison to Rs 124 crore clocked during the same period last year.
Page Industries Q3 results 2024 date: Page Industries, the parent company of the Jockey brand, is set to announce its financial results for the October-December period (Q3 FY24) on Thursday, February 8. Zee Business analysts see the company reporting 25 per cent year-on-year (YoY) growth for the December quarter's profit after tax (PAT).
The garments and apparel company is estimated to log a PAT of Rs 155 crore for the period under review in comparison to Rs 124 crore clocked during the same period last year.
According to the analysts, the revenue of the company is also likely to remain flat at Rs 1,223 crore, while margins are expected to report a growth of 4 per cent to 20 per cent from 16 per cent in Q3 FY23.
EBITDA, or earnings before interest, taxes, depreciation, and amortisation, which tracks a company's financial performance without taxes, loans, and capital expenses, is also expected to increase by 28 per cent on a year-over-year basis to Rs 247 crore as compared with last year's Rs 193 crore during the same period.
The key focus will be on volume growth, store expansion, and segment growth, analysts added. Meanwhile, the company expects growth from the wedding and festive season and an increase in gross margin due to a reduction in costs.
Page Industries share price update
Shares of Page Industries were trading at Rs 36,195 each, down 0.45 per cent on BSE today at 12.36 PM. The company's shares, which also licences the Speedo swimwear brand, have, over the last three years, increased by almost 24 per cent, while in the past one year, the stock has slipped around 8 per cent.
A look at Page Industries' Q2FY24 result
Page Industries Ltd reported a 7.3 per cent decline in its net profit at Rs 150.27 crore for the second quarter that ended September 2023 on account of lower sales volume and value. The apparel maker's revenue from operations was down 8.39 per cent to Rs 1,125.13 crore in the second quarter of this fiscal, in comparison to Rs 1,228.20 crore in the corresponding period a year ago. READ MORE
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