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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.
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