Rs. 250 2nd Interim Dividend: 16 November Record Date, To Be Credited By 6 December; BUY?

For the production, marketing, and distribution of the JOCKEY® brand in India, Sri Lanka, Bangladesh, Nepal, Oman, Qatar, Maldives, Bhutan, and the United Arab Emirates, Page Industries is the only licensee of JOCKEY International Inc. (USA). For the production, promotion, and distribution of the Speedo brand in India, Page Industries is also Speedo International Ltd.'s sole licensee. The company's flagship brand, Jockey, dominates the market for high-end sportswear and innerwear. Distributed across 2,710 cities and towns, the brand can be found online, in 1,07,702 multi-brand outlets, 1,387 exclusive brand stores (EBS), and 1,153 large format stores. In more than 150 locations, speedobrand is sold in 938 outlets and 35 EBOs.

Page Industries Dividend

"We further inform you that the Board of Directors of the Company at their meeting held today (i.e., 7 November 2024) has declared 2nd Interim Dividend 2024-25 of Rs. 250/- per equity share. As informed earlier, the record date fixed for the payment of interim dividend is 16 November 2024. The date fixed for payment of dividend is on or before 6 December 2024," said the company in a stock exchange filing.

Page Industries Financials

For the second quarter that ended in the September 2024 quarter, Page Industries Ltd. recorded a 30% rise in net profit, at Rs 195.25 crore. According to a statement from Page Industries Ltd (PIL) on Thursday, the company reported a net profit of Rs 150.27 crore for the July-September period last year. In the September quarter of this fiscal year, it generated Rs 1,246.27 crore in revenue from operations, which is a rise of 11.06 percent. In the same time last year, it stood at Rs 1,122.11 crore. In the September quarter, Page Industries' overall expenses increased by 7.54 percent to Rs 998.34 crore. In Q2FY25, the overall income increased by 11.9% to Rs 1,260.82 crore. From Rs. 235.21 crore in Q2FY24 to Rs. 296.01 crore in Q2FY25, EBITDA has increased by 25.85%.

Page Industries Share Price Target

Mandar Bhojane - Equity Research Analyst at Choice Broking said, "PAGEIND is currently trading around 48,000, showing a strong uptrend with sustained bullish momentum. The stock has formed a bullish Candlestick pattern and recently broke through previous resistance levels, reaching a new 52-week high at 48,333. With this positive momentum, PAGEIND appears positioned for potential further upside, with short-term targets of 52,000 and 54,000, in line with the prevailing trend. On the downside, immediate support is at 46,700, which may offer a buying opportunity on dips."

"The Relative Strength Index (RSI) is at 72.42 and trending upward, indicating strong buying interest and momentum. For prudent risk management, a stop-loss at 45,000 is recommended to safeguard against unexpected market reversals. In summary, based on technical analysis and current market conditions, PAGEIND presents an attractive buying opportunity with potential targets of 52,000 and 54,000, contingent on disciplined risk management practices," the analyst further added.

Disclaimer

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