Page Industries gains 8% on strong operational performance in March quarter

The company said that the sales momentum picked up significantly across all product categories backed by expansion in portfolio and existing network.

Shares of Page Industries surged 8 per cent to Rs 45,176 on the BSE in Friday’s trade after the company reported strong performance in March quarter (Q4FY22). Earnings before interest, taxes, depreciation, and amortization (EBITDA) margin improved by 470 basis points (bps) year on year (YoY) and 290 bps quarter on quarter (QoQ) at 24 per cent, on better operating efficiencies.

The stock of garments and apparels hit a 52-week high of Rs 46,705 on April 26, 2022. At 10:26 am; it traded 8 per cent higher at Rs 44,935, as compared to 0.55 per cent rise in the S&P