Page Industries, the exclusive licensee for the JOCKEY® brand across India, Sri Lanka, Bangladesh, Nepal, Oman, Qatar, Maldives, Bhutan, and the UAE, as well as for the Speedo brand in India, recently declared a substantial second interim dividend for FY 2024-25 at ₹250 per share. The record date for this dividend is November 16, 2024, with the payment expected by December 6, 2024.
Financial Performance (Q2 FY25)
In the second quarter of FY25, ending in September 2024, Page Industries reported robust growth in its financial metrics:
- Net Profit: Up by 30% year-over-year to ₹195.25 crore, compared to ₹150.27 crore in Q2 FY24.
- Revenue: Increased by 11.06% to ₹1,246.27 crore, from ₹1,122.11 crore in the previous year.
- Overall Income: Rose by 11.9%, reaching ₹1,260.82 crore.
- EBITDA: Saw a strong 25.85% growth, from ₹235.21 crore in Q2 FY24 to ₹296.01 crore in Q2 FY25.
- Expenses: Overall expenses rose 7.54%, totaling ₹998.34 crore.
Market Insights
Page Industries’ flagship Jockey brand holds a leading position in the premium sportswear and innerwear market across 2,710 cities and towns, with distribution through:
- 1,07,702 multi-brand outlets,
- 1,387 exclusive brand stores (EBS),
- 1,153 large format stores. For Speedo, the brand is distributed across over 150 locations, including 938 multi-brand outlets and 35 EBOs (exclusive brand outlets).
Share Price Outlook
Currently trading around ₹48,000, Page Industries’ stock has been on an upward trend, recently hitting a 52-week high of ₹48,333. Analyst Mandar Bhojane from Choice Broking sees further potential, with short-term price targets set at ₹52,000 and ₹54,000. Technical indicators reflect strong buying momentum, with the Relative Strength Index (RSI) at 72.42, suggesting continued interest. Immediate support is noted at ₹46,700, with a stop-loss recommended at ₹45,000 to mitigate potential market fluctuations.
Disclaimer: This information is provided for general informational purposes only and does not constitute financial advice. Investment in securities is subject to market risks, and readers should consult a financial advisor before making investment decisions. Past performance is not indicative of future results.
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