Page Industries (PAGEIND) Q1 24/25 earnings summary

Executive summary

• Q1 FY25 saw stable operating conditions, early signs of demand recovery—especially in rural and smaller towns—and continued focus on sustainable sales and inventory health.

• Unaudited financial results for the quarter ended June 30, 2024, were approved and released on August 8, 2024.

• Continued investments in digital transformation, marketing, and technology to enhance consumer engagement and operational efficiency.

• Focus on sustainable sales practices and inventory health led to increased secondary sales and improved distributor ROI.

Financial highlights

• Revenue for Q1 FY25 was ₹127,751.79 lakhs, up from ₹122,907.44 lakhs year-over-year and ₹99,247.78 lakhs in the previous quarter.

• Net profit for the quarter was ₹16,522.26 lakhs, up from ₹15,835.97 lakhs year-over-year and ₹10,820.30 lakhs in the previous quarter.

• EBITDA for Q1 FY25 at ₹2,385 million (19.4% margin), compared to ₹1,643 million (16.6%) in Q1 FY24.

• E-commerce sales grew 32% year-over-year in Q1 FY25.

• Sales volumes reached 57.4 million pieces, up 2.6% year-over-year.

Outlook and guidance

• Management is cautiously optimistic for H2 FY25, expecting demand to improve, especially with the festive season.

• No price increases anticipated for the current financial year due to stable input costs.

• The $1 billion revenue target by FY26 is being revisited; growth trajectory is under review.

• Interim dividend declared for FY25 signals confidence in ongoing performance.