- Page Industries posted a net income of 2.05 billion rupees, a 35% increase year-over-year, surpassing estimates of 1.91 billion rupees.
- Revenue came in at 13.1 billion rupees, showing a 6.5% rise year-over-year but falling short of the estimated 13.65 billion rupees.
- Total costs increased modestly by 1.9% to 10.5 billion rupees.
- Raw material costs decreased by 6.6% to 2.69 billion rupees.
- Other income saw a significant surge, rising by 60% to 140.5 million rupees.
- The company declared a dividend of 150 rupees per share.
- Page Industries shares increased by 2.3%, closing at 47,989 rupees, with 29,744 shares traded.
- The stock market analysts’ recommendations comprised 8 buy, 5 hold, and 9 sell ratings.
Page Industries on Smartkarma
Page Industries has received favorable coverage on Smartkarma, an independent investment research network, particularly highlighted by analyst Pranav Bhavsar. In his report titled “Top Ideas in Apparel & Fashion Retail,” Bhavsar reveals a bullish outlook on Page Industries amidst a bearish sentiment towards other players in the industry such as Vedant Fashions, Aditya Birla Fashion and Retail Ltd, Arvind Fashions, and Go Fashion India. The report dives into recent earnings results and key insights from company earnings calls, emphasizing the positive stance on Page Industries (PAG IN) in contrast to other companies.
A look at Page Industries Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 2 | |
| Dividend | 5 | |
| Growth | 3 | |
| Resilience | 5 | |
| Momentum | 5 | |
| OVERALL SMART SCORE | 4.0 |
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 Limited, a renowned developer and distributor of branded underwear in India and Sri Lanka, shows a promising long-term outlook supported by Smartkarma Smart Scores. With a strong emphasis on dividends, growth, resilience, and momentum, Page Industries scores high across various crucial factors. The company’s solid dividend score of 5 indicates a stable payout policy, appealing to investors seeking income. Moreover, its robust resilience and momentum scores of 5 suggest a company that is adept at navigating challenges and consistently showing positive performance trends.
In terms of value and growth, Page Industries maintains respectable scores of 2 and 3, respectively. While the value score may indicate a slightly less favorable valuation, the growth score of 3 implies steady expansion prospects in the future. Combining these scores with the company’s overall positive outlook across other factors positions Page Industries as a compelling player in the branded underwear segment, offering potential long-term growth opportunities for investors.
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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