• SENSEX
    NIFTY 50
VIDEOS
Earnings

Page Industries Q1 results today: Weak earnings likely

Updated : August 08, 2019 08:40 AM IST

Page Industries will be reporting its first-quarter earnings on Thursday and analysts expect the company to report a muted set of numbers this time around.








  • Numbers are likely to we weak due to lower demand from retailers and general economic slowdown in the industry.

  • A CNBC-TV18 poll estimates revenue growth at 7 percent on the back of 3-4 percent volume expansion, but operating margins are expected to decline largely due to a drop in gross margins at 21 percent and also profits are expected to be lower by 1 percent at Rs 122 crore.

  • The management had earlier guided for a 20 percent revenue growth for next 20 years and margins in the range of 21-22 percent, but considering the economic slowdown and weak performance in the previous quarter, it will be important to watch out for management comments on future outlook.

  • The stock has fallen almost 48 percent from its record high levels but it continues to remain expensive and currently trades at 38 to 40 time FY21 expected earnings.





primo org
Have you signed up for Primo, our daily newsletter?
It has all the stories and data on the market, business, economy and tech that you need to know.
cnbc two logos
To keep watching CNBC-TV18, India's No. 1 English Business News Channel, call your Cable or DTH Operator and subscribe now for just Rs. 4 per month. You can also subscribe to CNBC-TV18 Prime HD for Re 1/- per month.Find out more
Live TV