Page Industries Q4 results preview: Jockey, Speedo products maker likely to report muted numbers amid weak demand

Page Industries Q4 results preview: Page Industries, which manufactures and markets products under brands, Jockey and Speedo in India, is all set to report its financial results for the quarter ended March 2023 on Thursday, May 25.

Analysts estimated the company’s revenue for the three-month period at Rs 1,100 crore, as against Rs 1,111 crore for the year-ago period. Pic: Reuters

Page Industries Q4 results preview: Page Industries, which manufactures and markets products under brands, Jockey and Speedo in India, is all set to report its financial results for the quarter ended March 2023 on Thursday, May 25. Analysts expect Bengaluru-based Page Industries to report a weak performance for the three-month period, owing to sticky weakness in demand and elevated inventory costs.

According to Zee Business research, Page Industries – whose popular products include a range of innerwear, loungewear, socks, and swimwear – is likely to report a net profit of Rs 120 crore for the March quarter, which translates to a fall of 37 per cent compared to the corresponding period a year ago.

Analysts estimated the company’s revenue for the three-month period at Rs 1,100 crore, as against Rs 1,111 crore for the year-ago period.

According to the research, Page Industries is likely to report Rs 190 crore in earnings before interest, taxes, depreciation and ammortisation (EBITDA) ) – a measure of the company's overall financial performance, a fall of 29 per cent on a year-on-year basis.

Zee Business analysts peg Page Industries’ margin – a key measure of a business's profitability – at 17 per cent as against 24 per cent a year ago. However, the company’s margin is expected to improve on a sequential basis, mainly driven by better distribution and a favourable product mix.

Investors will look out for the management’s commentary on volume growth, business outlook, store expansion, and momentum in athleisure demand.

Page Industries shares: Past performance

The Page Industries stock — traded on the bourses with the symbol PAGEIND — lost 11.5 per cent of its value in the March quarter, a period in which the Nifty headline index declined 4.1 per cent.