- Page Industries reported a net income of 2.01 billion rupees for the first quarter, aligning with market estimates of 2 billion rupees. This marks a 22% increase compared to the previous year.
- The company’s revenue for the quarter was 13.2 billion rupees, which represents a 3.1% increase year-over-year. However, it fell short of the estimated 14.01 billion rupees.
- Total costs decreased slightly by 0.9% year-over-year, amounting to 10.6 billion rupees.
- Raw material costs increased by 1.2% year-over-year, reaching 2.63 billion rupees. This was significantly below the estimates of 4.77 billion rupees.
- A dividend of 150 rupees per share was announced.
- Analyst recommendations consisted of 9 buy ratings, 5 hold ratings, and 11 sell ratings, indicating mixed market sentiment.
A look at Page Industries Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 2 | |
| Dividend | 5 | |
| Growth | 3 | |
| Resilience | 4 | |
| Momentum | 4 | |
| OVERALL SMART SCORE | 3.6 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Page Industries, a leading developer of branded underwear in India and Sri Lanka, continues to present a promising long-term outlook based on Smartkarma’s Smart Scores. With a high score in dividends and strong resilience and momentum, the company is poised for stability and growth in the future. While the value and growth scores are not as high as the other factors, the overall positive trend in dividend payouts, robustness during market fluctuations, and steady upward momentum signal a favorable trajectory for Page Industries in the long run.
As a key player in the branded underwear market, Page Industries‘ high dividend score of 5 reflects its commitment to rewarding shareholders. Coupled with solid scores in resilience and momentum, the company demonstrates its ability to weather economic challenges and maintain a competitive edge. With a focus on delivering quality products for men, women, and children, Page Industries is well-positioned to leverage its strengths and capitalize on opportunities for sustained growth in the ever-evolving consumer market.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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