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. 

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.

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>Volume-led growth: Despite softer consumer sentiments, Page Industries reported a good set of numbers in Q2FY25, with revenue growing by ~11% YoY, as volume growth stood at 6.7% YoY to 5.52 Cr, driven by a stable operating environment and strong growth in E-com.</li><li>Gross margins improved by 83 bps YoY to 56.5%, aided by stable input costs (cotton prices), while EBITDA margins saw an impressive 183 bps YoY improvement, fuelled by cost efficiencies, healthier inventory management, and gross margin gains.</li><li>Margins to remain stable: The management expects EBITDA margins to hold steady between 19-21%, supported by stable raw material prices and cost efficiencies. </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>

Volume-led growth: Despite softer consumer sentiments, Page Industries reported a good set of numbers in Q2FY25, with revenue growing by ~11% YoY, as volume growth stood at 6.7% YoY to 5.52 Cr, driven by a stable operating environment and strong growth in E-com.Gross margins improved by 83 bps YoY to 56.5%, aided by stable input costs (cotton prices), while EBITDA margins saw an impressive 183 bps YoY improvement, fuelled by cost efficiencies, healthier inventory management, and gross margin gains.Margins to remain stable: The management expects EBITDA margins to hold steady between 19-21%, supported by stable raw material prices and cost efficiencies. 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 - Volume Driven Growth; Maintain HOLD