Page Industries’ September quarter (Q2) performance came in lower than Street estimates. Revenues declined by over 4 per cent, largely on the back of a 13.6 per cent fall in volumes. The higher value growth in the quarter was led by a better product mix, which aided the 9 per cent improvement in realisation.
The athletic/leisure segment saw double-digit growth in the quarter. While the fall in sales during the quarter was in contrast to the positive trend for some peers in the category, growth has been reviving gradually, according to the company. September recorded double-digit ...
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