Page Industries Q1 Results Revenue Hits ₹1,27,751.79 Lakhs, Net Profit Rises to ₹16,522.26 Lakhs

Page Industries Q1 Results: Page Industries released its Q1 results for the financial year 2024-2025 on August 8, 2024. The company reported a significant increase in revenue, reaching ₹1,27,751.79 lakhs for the quarter ended June 30, 2024, which represents a 28.85% growth compared to the ₹99,247.78 lakhs reported in the previous quarter.

The company’s profit before tax also saw a substantial rise of 53.7% year-over-year, amounting to ₹22,246.28 lakhs, up from ₹14,502.84 lakhs in the same period last year. Expenses for the quarter were higher, totaling ₹1,06,795.42 lakhs, compared to ₹86,118.12 lakhs in the previous quarter, mainly due to increased costs in raw materials and other operational expenses.

Despite these higher costs, Page Industries achieved a net profit of ₹16,522.26 lakhs, reflecting a 52.5% increase from the ₹10,820.30 lakhs reported in the same quarter of the previous year. The company has declared a first interim dividend of ₹300 per equity share, payable on or before September 6, 2024, with the record date set for August 17, 2024.

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Page Industries Q1 Results 2024 - 2025

Here is a summary of Page Industries' financial performance for Q1 of the 2024-2025 financial year:

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Page Industries Current Market Overview

Page Industries is currently trading at ₹42,039 per share, with a market capitalization of ₹46,874 crore. The stock has recently fluctuated between a high of ₹42,922 and a low of ₹33,070. It has a Price-to-Earnings (P/E) ratio of 81.4, suggesting it is priced high relative to its earnings.

The company offers a dividend yield of 0.88% and has strong financial metrics, including a Return on Capital Employed (ROCE) of 45.0% and a Return on Equity (ROE) of 38.4%. The face value of the stock is ₹10.

Quarterly Results

Here is a summary of Page Industries's quarterly results for the last three quarters:

The latest financial performance of Page Industries highlights the company’s results from December 2023 through June 2024. This period shows a detailed view of the company's sales, expenses, and profitability.

About Page Industries 

Page Industries is an Indian company known for manufacturing and selling innerwear, loungewear, and socks. Founded in 1994 by Sunder Genomal and his brothers, the company is headquartered in Bangalore.

It is the exclusive licensee for Jockey International in several countries, including India and Sri Lanka. In 2011, Page Industries also began offering Speedo swimwear in these regions. With multiple manufacturing plants across India, the company has grown significantly and is recognized for its strong brand presence and diverse product range.

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