Key Points
The woes of Page Industries Ltd are far from over with revenue declining year-on-year for the third consecutive quarter..
Falling volumes led to 8.4% year-on-year drop in revenue to 1,125 crore in the September quarter (Q2FY24)..
Page holds the exclusive licence for the manufacture, marketing and distribution of Jockey brand in India and some more countries..
Despite the fall in revenue, Page clocked about 140 basis points year-on-year expansion in the Ebitda margin to 20.8%..
While valuations dont seem pricey given Pages high return ratios, consistent revenue growth is a key catalyst to the stocks future course..
