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Apparels & Accessories company Page Industries announced Q4FY24 & FY24 results:

Q4FY24 Financial Highlights:

• Sales volume grew 6.1% YoY, amounting to 45.3 million pieces
• Revenue at Rs 9,954 million, a 3.2% increase YoY
• EBITDA reported at Rs 1,672 million, a growth of 24.5% over the previous year
• The impact of investments in digital transformation and marketing initiatives was largely balanced by favourable input costs and operational expenses optimisation.
• Profit After Tax (PAT) at Rs 1,082 million, a significant increase of 38.1% compared to the same period last year, with PAT margins at 12.4%.

FY24 Financial Highlights:

• Revenue reported at Rs 45,817 million, a 2.8% decline, owing to the subdued performance in the first half of the fiscal year.
• EBITDA recorded at Rs 8.722 million, a growth of 1.1%
• PAT at Rs 5,692 million, at par with FY23

Commenting on the results, V.S. Ganesh, Managing Director, Page Industries Limited said, “I am pleased to share that our strategic commitment to sustainable sales practices and meticulous inventory management has been instrumental in maintaining robust margins and enhanced profitability. Focused efforts to optimize operational efficiency has also been pivotal in enabling us to achieve an impressive 38.1% growth in PAT for Q4.

Our adaptive strategies including enhancing supply chain productivity and modernizing our distribution management system in response to the market’s evolving demands have shown early signs of stabilizing revenue this quarter, despite challenges due to generally subdued market conditions. Our ecommerce channel continues to drive substantial growth, reflecting evolving consumer purchasing behaviour. With continued investments in our strategic drivers, we are well-positioned to seize longterm opportunities of growth.

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