Latest news with #VSGanesh
&w=3840&q=100)
Business Standard
08-08-2025
- Business
- Business Standard
Page Industries Q1 results: Profit rises 21.5% to ₹200.8 cr, revenue up 3%
Apparel manufacturer Page Industries Ltd has reported a 21.52 per cent increase in its net profit to Rs 200.79 crore for the June quarter of FY26, helped by volume growth, supply chain efficiency and cost optimisation. The company had posted a net profit of Rs 165.22 crore during the April-June period a year ago, according to a filing from Page Industries Ltd (PIL) on Thursday. Revenue from operations increased 3 per cent to Rs 1,316.56 crore in the June quarter of this fiscal year, against the Rs 1,277.51 crore in the corresponding period a year ago. Page Industries, which is the exclusive licensee of JOCKEY International Inc (USA) for India, Sri Lanka, Bangladesh, Nepal, Oman, Qatar, Maldives, Bhutan and UAE, in its earnings statement said in the June quarter, its "Sales volume growth was 1.9 per cent YoY, amounting to 58.6 million pieces." Its EBITDA growth was 21.1 per cent YoY, amounting to Rs 294 crore, it said. Total expenses of Page Industries were at Rs 1,061.15 crore, marginally down in the June quarter. Page Industries' total income, which includes other income and finance income, was at Rs 1,331.36 crore, up 3.17 per cent in the June quarter. Commenting on the results, Managing Director V S Ganesh said:" We have achieved PAT growth of 21.5 per cent in the quarter. We continue to expand our consumer reach, pursue several product innovations and process automation initiatives while focusing on optimum market investments and cost efficiency measures." Over the outlook, the company said with positive interventions to ramp up consumption, it is "confident of demand recovery" in the coming quarters. "With all-time low inflation, lower borrowing rates and direct tax rates rationalisation, higher liquidity will strengthen consumers' buying ability. Deeper adoption of e-commerce will also significantly aid in expanding the organised retail ecosystem. We have also expanded our product range through JKY Groove to meet the latest trends of our younger consumers," it said. Meanwhile, in a separate filing, the company, which is also the exclusive licensee of Speedo International, informed its board at its meeting held on Thursday, has declared the first Interim Dividend of FY 2025-26 of Rs 150/- per equity share. Shares of Page Industries on Friday were trading at Rs 44,990.65 per scrip on BSE, down 1.61 per cent from the previous close.
Deccan Herald
08-08-2025
- Business
- Deccan Herald
Page Industries Q1 profit rises 21.5 pc to Rs 200.8 crore
New Delhi, Apparel manufacturer Page Industries Ltd has reported a 21.52 per cent increase in its net profit to Rs 200.79 crore for the June quarter of FY26, helped by volume growth, supply chain efficiency and cost company had posted a net profit of Rs 165.22 crore during the April-June period a year ago, according to a filing from Page Industries Ltd (PIL) on from operations increased 3 per cent to Rs 1,316.56 crore in the June quarter of this fiscal year, against the Rs 1,277.51 crore in the corresponding period a year Industries, which is the exclusive licensee of JOCKEY International Inc (USA) for India, Sri Lanka, Bangladesh, Nepal, Oman, Qatar, Maldives, Bhutan and UAE, in its earnings statement said in the June quarter, its "Sales volume growth was 1.9 per cent YoY, amounting to 58.6 million pieces." Its EBITDA growth was 21.1 per cent YoY, amounting to Rs 294 crore, it expenses of Page Industries were at Rs 1,061.15 crore, marginally down in the June Industries' total income, which includes other income and finance income, was at Rs 1,331.36 crore, up 3.17 per cent in the June on the results, Managing Director V S Ganesh said:" We have achieved PAT growth of 21.5 per cent in the quarter. We continue to expand our consumer reach, pursue several product innovations and process automation initiatives while focusing on optimum market investments and cost efficiency measures." Over the outlook, the company said with positive interventions to ramp up consumption, it is "confident of demand recovery" in the coming quarters.."With all-time low inflation, lower borrowing rates and direct tax rates rationalisation, higher liquidity will strengthen consumers' buying ability. Deeper adoption of e-commerce will also significantly aid in expanding the organised retail ecosystem. We have also expanded our product range through JKY Groove to meet the latest trends of our younger consumers," it in a separate filing, the company, which is also the exclusive licensee of Speedo International, informed its board at its meeting held on Thursday, has declared the first Interim Dividend of FY 2025-26 of Rs 150/- per equity of Page Industries on Friday were trading at Rs 44,990.65 per scrip on BSE, down 1.61 per cent from the previous close.
Economic Times
08-08-2025
- Business
- Economic Times
Page Industries Q1 Results: Profit rises 21.5% to Rs 200.8 crore
Apparel manufacturer Page Industries Ltd has reported a 21.52 per cent increase in its net profit to Rs 200.79 crore for the June quarter of FY26, helped by volume growth, supply chain efficiency and cost optimisation. ADVERTISEMENT The company had posted a net profit of Rs 165.22 crore during the April-June period a year ago, according to a filing from Page Industries Ltd (PIL) on Thursday. Revenue from operations increased 3 per cent to Rs 1,316.56 crore in the June quarter of this fiscal year, against the Rs 1,277.51 crore in the corresponding period a year ago. Page Industries, which is the exclusive licensee of JOCKEY International Inc (USA) for India, Sri Lanka, Bangladesh, Nepal, Oman, Qatar, Maldives, Bhutan and UAE, in its earnings statement said in the June quarter, its "Sales volume growth was 1.9 per cent YoY, amounting to 58.6 million pieces." Its EBITDA growth was 21.1 per cent YoY, amounting to Rs 294 crore, it said. Total expenses of Page Industries were at Rs 1,061.15 crore, marginally down in the June quarter. ADVERTISEMENT Page Industries' total income, which includes other income and finance income, was at Rs 1,331.36 crore, up 3.17 per cent in the June quarter. Commenting on the results, Managing Director V S Ganesh said:" We have achieved PAT growth of 21.5 per cent in the quarter. We continue to expand our consumer reach, pursue several product innovations and process automation initiatives while focusing on optimum market investments and cost efficiency measures." ADVERTISEMENT Over the outlook, the company said with positive interventions to ramp up consumption, it is "confident of demand recovery" in the coming quarters. "With all-time low inflation, lower borrowing rates and direct tax rates rationalisation, higher liquidity will strengthen consumers' buying ability. Deeper adoption of e-commerce will also significantly aid in expanding the organised retail ecosystem. We have also expanded our product range through JKY Groove to meet the latest trends of our younger consumers," it said. ADVERTISEMENT Meanwhile, in a separate filing, the company, which is also the exclusive licensee of Speedo International, informed its board at its meeting held on Thursday, has declared the first Interim Dividend of FY 2025-26 of Rs 150/- per equity share. Shares of Page Industries on Friday were trading at Rs 44,990.65 per scrip on BSE, down 1.61 per cent from the previous close. PTI (You can now subscribe to our ETMarkets WhatsApp channel)
&w=3840&q=100)
Business Standard
08-08-2025
- Business
- Business Standard
Page Industries share falls 4% after Q1 nos.; should you buy, sell or hold?
Page Industries share price: Shares of Page Industries dropped as much as 3.77 per cent to ₹44,000 apiece on Friday, August 8, 2025, following the company's Q1FY26 earnings. At 9:32 AM, the Page Industries' stock was trading 3.55 per cent lower at ₹44,100, underperforming the benchmark BSE Sensex, which was down 0.21 per cent at 80,457.05. For the quarter ended June 30, 2025, Page Industries posted a muted 3.1 per cent year-on-year (Y-o-Y) growth in revenue at ₹1,316.6 crore, with volume growth of just 1.9 per cent to 58.6 million pieces. Despite the sluggish top-line performance, profitability saw healthy gains, with Ebitda rising 21.1 per cent to ₹294.7 crore and profit after tax up 21.5 per cent at ₹200.8 crore, aided by cost efficiencies and lower advertising spends. Managing director V S Ganesh highlighted the company's continued focus on product innovation, process automation, and cost discipline, expressing optimism for demand recovery in the coming quarters driven by improved liquidity, low inflation, and deeper ecommerce adoption. He also pointed to the launch of JKY Groove – a new product line aimed at younger consumers – as a strategic step to expand the company's portfolio. Page Industries share: Should you buy, sell or hold? Brokerages, however, were divided in their views. Nuvama remained cautious, noting that growth momentum faltered after a strong previous quarter, with weak consumer sentiment and lower footfalls weighing on performance. While Ebitda margins improved due to curtailed ad spends, the firm expects margins to moderate to the guided 19--21 per cent range as investments pick up. Factoring in the weak revenue show, Nuvama trimmed its FY26/27 earnings estimates and retained a 'Reduce' rating with a revised target price of ₹42,875, down from ₹44,140. Motilal Oswal, on the other hand, maintained a more optimistic stance. While acknowledging the revenue and volume miss, the brokerage pointed to sequential improvement in momentum and expects a recovery aided by an early festive season and stable input costs. It noted the gross margin expansion of 500 bps Y-o-Y to 59.1 per cent and robust Ebitda margin of 22.4 per cent, ahead of expectations. The brokerage expects sustained margins supported by operational efficiencies and sees potential upside from new product introductions and distribution expansion. Reiterating its 'Buy' call, Motilal Oswal pegged the target price at ₹54,000, valuing the stock at 60x its June FY27 earnings estimates. With a split in brokerage opinion, investors may weigh near-term demand uncertainty against long-term brand strength and margin stability before taking a position.
Time of India
15-05-2025
- Business
- Time of India
Page Industries Q4 profit up 51.5% to Rs 164 cr on volume growth, cost optimisation
New Delhi: Apparel manufacturer Page Industries Ltd on Thursday reported an increase of 51.6 per cent in net profit at Rs 164 crore for the March quarter of FY'25, helped by volume growth, supply chain efficiency and cost optimisation. The company had posted a net profit of Rs 108.20 crore during the January-March period a year ago, Page Industries said in a regulatory filing. Its revenue from operations was up 10.6 per cent to Rs 1,098.07 crore in the March quarter of this fiscal. It was Rs 992.47 crore in the corresponding period. The sales volume growth was 8.5 per cent year-on-year, amounting to 49.2 million pieces, Page Industries said in its earnings statement. The company's EBITDA growth stood at 43.2 per cent, amounting to Rs 235.2 crore. Total expenses of Page Industries was at Rs 899.52 crore in the quarter under review, up 4.45 per cent from the year-ago period. Page Industries' total income, which includes other income and finance income, was at Rs 1,118.20 crore, up 11.13 per cent in the March quarter. For the financial year ended March 31, 2025, Page Industries' net profit was up 28.1 per cent to Rs 729.14 crore, from Rs 569.19 crore a year ago. In FY25, Page Industries' total consolidated income rose 8.58 per cent to Rs 4,996.54 crore. "Our sharp focus on supply chain efficiency, product innovation, cost optimisation and consumer experience across all touch points have resulted in 51.6 per cent PAT growth in the quarter and an annual PAT growth of 28.1 per cent," Managing Director V S Ganesh said. Over the outlook, the company is "very positive" for innerwear and athleisure, aided by the rapid urbanisation and rising purchasing power in India. "There are evolving and perceptible preferences towards sustainable and functional products by the younger consumers. The rapid development in technology in products and channels of addressing consumers including ecommerce will enable discovering and developing new markets," it said. Moreover, the board of the company, at its meeting held on Thursday declared a fourth interim dividend of Rs 200 per equity share for 2024-25. Shares of Page Industries on Thursday settled at Rs 46,965 per scrip on BSE , up 1.19 per cent from the previous close.
