Business Standard

Recovery a couple of quarters away for Page Industries; stock falls 8.8%

In Q4, unit volume declined 14.6 per cent year-on-year

Page Industries

Page continues to hold 17-18 per cent market share in the men’s innerwear category (Jockey has very high brand recall) and its share is in the high single digits in other categories

Devangshu Datta

Listen to This Article

Disappointing results for the January-March quarter of the 2022-23 financial year (Q4FY23) has led to high volume selling of the Page Industries stock. 

In Q4, unit volume declined 14.6 per cent year-on-year (YoY), while sales dropped by 12.8 per cent (highest decline in sales since FY12, if we exclude the Covid-19 period). The Ebitda (earnings before interest, tax, depreciation and amortisation) margin of 13.9 per cent was also a multi-year low if Covid-19 is excluded.

The issues included lack of an ability to absorb fixed costs due to volume decline and also the consumption of high-cost inventory. The raw material

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: May 26 2023 | 9:36 PM IST

Explore News

To read the full story, subscribe to BS Premium now, at just Rs 249/ month.

Key stories on are available only to BS Premium subscribers.

Register to