Rs 75/Share Dividend Announced: Large Cap Apparels Stock Declares Decline In Net

Large cap stock operating in apparels sector Page Industries today declared 2nd interim dividend of Rs 75/- per equity share for the FY 2023-24. The company also announced its financial results. It declared a decline of 7.3% in its consolidated net profit at Rs 150.27 crore for the September quarter of financial year 2024as against Rs 162.12 crore announced in corresponding period of last year.

The company announced its total revenue at Rs 1125.13 crore, down 8.39% as compared to Rs 1228.20 crore declared in the same quarter of last year, as per the BSE filing issued today. Page Industries declared its earnings before interest, tax, depreciation and amortization (EBIDTA) for the quarter under consideration at Rs 233.4 crore, down 1.9% YoY. EBIDTA margin arrived at 20.7% as against 19% YoY.

Commenting on the results, V.S. Ganesh, Managing Director, Page Industries Limited said, "We firmly believe these challenges are transient and continue to invest in technology, enhancing brand awareness, and expanding our market presence, while ensuring a healthy operating margin. We continue to focus on sustainable sales practices while taking measures to optimise inventory." Check details below:

Page Industries Declares 2nd Interim Dividend: According to the BSE filing issued today, "We further inform you that the Board of Directors of the Company at their meeting held today (i.e., 9 November 2023) has declared 2nd Interim Dividend 2023-24 of Rs. 75/- per equity share. As informed earlier, the record date fixed for the payment of interim dividend is 18 November 2023. The date fixed for payment of dividend is on or before 6 December 2023."

Page Industries Stock Performance & Return: Last trading price of Page Industries share on BSE is Rs 37,658.90 crore with intraday fall of 0.54%. Its 52-week high price is Rs 50,449.90 apiece and 52-week low price is Rs 34,968.60 apiece, respectively. The company has a market capitalisation of Rs 42,004.26 crore.

Page Industries shares tanked over 10% year-to-date (YTD), declined 24% in last 1-year, fell over 5% in last 2-years. Before this, Page Industries shares delivered return of 71% in last 3-years, surged 24% in last 5-years, and soared 704% in last 10-years.

Page Industries About: Page Industries is the exclusive licensee of JOCKEY International Inc. (USA) for manufacture, distribution and marketing of the JOCKEY® brand in India, Sri Lanka, Bangladesh, Nepal, Oman, Qatar, Maldives, Bhutan and UAE. Page Industries is also the exclusive licensee of Speedo International Ltd. for the manufacture, marketing and distribution of the Speedo brand in India.

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