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>Page Industries (PAGE) Q3FY22 topline was a healthy beat to our and street estimates, EBITDA &amp; PAT were however a slight miss on account of high RM price inflation</li><li>The management’s efforts to increase distribution, product expansion across categories of men’s, women’s innerwear, athleisure, kid wear, and strong traction from the e-commerce front</li><li>Maintaining the management’s long-term target of USD1 Bn in sales over the next 5 years with a guideline to return to its historical EBITDA Margin band of 20-21%.</li></ul><div class="content-highlight"><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></div>

Page Industries (PAGE) Q3FY22 topline was a healthy beat to our and street estimates, EBITDA &amp; PAT were however a slight miss on account of high RM price inflationThe management’s efforts to increase distribution, product expansion across categories of men’s, women’s innerwear, athleisure, kid wear, and strong traction from the e-commerce frontMaintaining the management’s long-term target of USD1 Bn in sales over the next 5 years with a guideline to return to its historical EBITDA Margin band of 20-21%.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: Margin Drag Short Term Blip; Long Term Growth Visible