Shares of Page Industries, the exclusive manufacturer of Jockey in India, dropped by 3% in early trade on February 6, 2025, following its Q3FY25 earnings report. Despite solid profit, consumer sentiment and mixed signals from management have impacted investor sentiment.
Key Financial Highlights for Q3FY25:
- Revenue: ₹1,313 crore, up 7.1% YoY.
- EBITDA: ₹302 crore, reflecting a 33.6% increase YoY.
- EBITDA Margin: Maintained robust growth due to operational efficiencies.
- Net Profit: 204.7 crores, up 34.3% YoY.
Stock Performance
The Stocks were trading 3.06% down at ₹44,388.95 on NSE at 9:16 AM.
Market Challenges
Page Industries highlighted in its Q3 presentation that Indian apparel retail faces short-term headwinds driven by muted consumer sentiment and subdued demand. While festive sales provided an early boost, the momentum did not sustain throughout the quarter.
The company maintains a positive outlook on its long-term growth prospects, citing factors such as urbanization, economic expansion, and increasing disposable incomes while acknowledging ongoing near-term challenges.
Summary
Page Industries' share price declined by 3% following its Q3FY25 earnings report, despite reporting strong profit growth. The company posted a 7.1% YoY revenue increase to ₹1,313 crore, while EBITDA surged 33.6% to ₹302 crore, supporting improved margins. Net profit also saw a significant 34.3% rise to ₹204.7 crore. However, muted consumer sentiment and near-term market challenges weighed on investor confidence. While the company remains optimistic about long-term growth, factors such as subdued demand and weak retail momentum impacted performance this quarter.
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