Page Industries shares in focus after Q3 PAT rises 34% YoY. Should you buy?
Page Industries will remain in focus on Thursday, February 6, after the company announced on Wednesday a 34.4% YoY increase in its net profit for the third quarter, which ended December 2024.
The same was reported at 204.7 crore, driven by improved operating margins.
Page Industries said its revenue grew 7.1% to Rs 1,313 crore in the third quarter, while EBITDA surged 33.6% to Rs 302 crore during the same period.
Page Industries, the exclusive licensee of Jockey apparel in India, has also declared a third interim dividend of Rs 150 per share for the financial year 2024-25.
Despite the strong earnings, Page Industries acknowledged headwinds in the Indian apparel retail sector, citing dampened consumer sentiment and an unsustained festive demand in the latter half of the quarter.
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