Page Industries Ltd Share Price – NSE /  BSE

Readymade Garments/ Apparells, Small Cap

ITI Ltd, Indian Hotels Co Ltd, Cummins India Ltd, DCM Shriram Ltd are among the other stocks to see a surge in volumes on BSE today, 08 November 2024.

Page Industries Ltd saw volume of 1768 shares by 10:47 IST on BSE, a 7.54 fold spurt over two-week average daily volume of 234 shares. The stock increased 5.02% to Rs.47,371.00. Volumes stood at 737 shares in the last session.

ITI Ltd recorded volume of 11.39 lakh shares by 10:47 IST on BSE, a 5.77 times surge over two-week average daily volume of 1.98 lakh shares. The stock gained 7.82% to Rs.287.50. Volumes stood at 13.99 lakh shares in the last session.

Indian Hotels Co Ltd recorded volume of 6.41 lakh shares by 10:47 IST on BSE, a 5.02 times surge over two-week average daily volume of 1.28 lakh shares. The stock gained 5.68% to Rs.722.45. Volumes stood at 3.1 lakh shares in the last session.

Cummins India Ltd recorded volume of 42738 shares by 10:47 IST on BSE, a 4.44 times surge over two-week average daily volume of 9624 shares. The stock lost 0.96% to Rs.3,521.75. Volumes stood at 14425 shares in the last session.

DCM Shriram Ltd witnessed volume of 36571 shares by 10:47 IST on BSE, a 3.43 times surge over two-week average daily volume of 10669 shares. The stock increased 2.36% to Rs.1,285.85. Volumes stood at 49896 shares in the last session.

Powered by Capital Market - Live News

Page Industries announced that the Board of Directors of the Company at its meeting held on 7 November 2024, inter alia, have recommended the second interim dividend of Rs 250 per equity Share (i.e. 2500%) , subject to the approval of the shareholders.

Powered by Capital Market - Live News

Net profit of Page Industries rose 29.93% to Rs 195.26 crore in the quarter ended September 2024 as against Rs 150.28 crore during the previous quarter ended September 2023. Sales rose 10.77% to Rs 1246.27 crore in the quarter ended September 2024 as against Rs 1125.13 crore during the previous quarter ended September 2023.

Powered by Capital Market - Live News

In Q2 FY25, sales volume grew 6.7% YoY, amounting to 55.2 million pieces and stable input costs and improved operating efficiency contributed to significant growth in operating profit.

Profit before tax (PBT) increased 31.65% YoY to Rs 262.47 crore in Q2 FY25.

EBITDA stood at Rs 281.5 crore, registering the growth of 22.1% as compared with Rs 230.5 crore in Q2 FY24. EBITDA margin rose 22.6% in Q2 FY25 as against 20.5% in Q2 FY24.

The company said that enhanced consumer engagement through sales and marketing initiatives, technology adoption in operations and digital transformation initiatives while continuing focus on healthier inventory contributed to achieve 22.6% EBITDA margin in Q2.

On outlook & trends front, the company said that changes in consumer preferences, e-commerce and other digital channels are reshaping the retail landscape. Consumers are increasingly demanding of sustainable and eco-friendly products. The apparel retail market is poised for significant growth aided by young consumer base, rising disposable income and rapid urbanization.

V.S. Ganesh, managing director, Page Industries, said, “I am thrilled to share that our relentless dedication to sustainable growth, product enhancement, customer engagement, and brand development has led to robust revenue growth. Our operating margins remain strong, thanks to our focus on operational efficiencies, cost control, and strategic sourcing initiatives. We are committed to investing in future growth, and our digital transformation initiatives are progressing well, promising substantial operational benefits in the coming years.

The dynamic eCommerce landscape has driven exciting growth, bolstered by our prior investments and meticulous preparations. With the festive season on the horizon, we anticipate a surge in consumer demand and are perfectly positioned to capitalize on these opportunities.

Meanwhile, the company’s board has declared interim dividend of Rs 250 per equity share for financial year 2024-2025. The record date fixed for the payment of interim dividend is 16 November 2024. The date fixed for payment of dividend is on or before 6 December 2024.

Page Industries is the exclusive licensee of JOCKEY International Inc. (USA) for manufacture, distribution and marketing of the JOCKEY brand in India, Sri Lanka, Bangladesh, Nepal, Oman, Qatar, Maldives, Bhutan and UAE. Page Industries is also the exclusive licensee of Speedo International Ltd. for the manufacture, marketing and distribution of the Speedo brand in India.

Powered by Capital Market - Live News