External broker reports(aggregated public sources), Axis Direct

Axis Direct

Axis Direct is the flagship brand under Axis Securities Limited, a subsidiary of Axis Bank in India. 

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External broker reports(aggregated public sources)

Axis Direct is the flagship brand under Axis Securities Limited, a subsidiary of Axis Bank in India. 

Content available is external broker reports authored by a third party outside the Smartkarma network and has been aggregated by an online aggregator through publicly available sources and is displayed by Smartkarma in this format for user's convenience and general informational purposes only. Content does not constitute investment or financial advice and Smartkarma makes no representation or warranty regarding its accuracy or contents. Original third party author retains all copyright and other proprietary rights in the content. Access or use of third party links not controlled by Smartkarma are at the user's own risk.

Equity Bottom-Up

<ul>
<li>Below our estimates: PAGE Q4FY24 results were below our estimates on continued demand pressure.</li>
<li>Revenue growth showed a moderate increase of 3%YoY (~6% volume growth) led by recovery in both innerwear and at leisure segment through new product launches and increased marketing efforts.</li>
<li>Despite subdued gross margin performance, EBITDA grew by 24.5% YoY while EBITDA margins stood at 16.8%, up 294bps YoY led stringent cost efficiency measures. </li>
</ul>
<p><em>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.</em></p>


Below our estimates: PAGE Q4FY24 results were below our estimates on continued demand pressure.
Revenue growth showed a moderate increase of 3%YoY (~6% volume growth) led by recovery in both innerwear and at leisure segment through new product launches and increased marketing efforts.
Despite subdued gross margin performance, EBITDA grew by 24.5% YoY while EBITDA margins stood at 16.8%, up 294bps YoY led stringent cost efficiency measures. 

Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Page Industries Ltd - Miss On All Front; Maintain HOLD