Rs 75/Share Dividend In Q2: Apparels Stock To Consider Dividend Again On Feb 8

Large cap stock operating in garments & apparels sector Page Industries will consider 3rd interim dividend on February 8, 2024. The company will also consider and approve the unaudited financial results for the quarter ended December 31, 2023.

Page Industries has fixed February 16, 2024 as the record date for interim dividend. Page Industries shares gained 5% in last 1-week and gave 34% return in last 3-years. Check details below:

Page Industries To Consider Interim Dividend: As per the regulatory filing of the company dated Jan 16, 2024, "We hereby inform you that the meeting of the Board of Directors of the Company is scheduled to be held on 8 February 2024 inter alia to consider the following:

a) To take on record the Unaudited Financial Results for the quarter ended 31 December 2023.

b) To consider declaration of 3rd interim dividend, to the Equity Shareholders of the Company for the current financial year 2023-24.

Page Industries Stock Outlook & Return: The 52-week high price of Page Industries shares on BSE is Rs 43,599.00 per share and 52-week low price is Rs 34,968.60 per share, respectively. Last trading price of Page Industries share on BSE is Rs 38,138.25 apiece with intraday gain of 1.44%. Page Industries shares declined 2.68% in last 2-weeks, fell 2% in last 3-months, declined 4.76% in last 1-year, and gave return of 63% in last 5-years.

Page Industries Q2 Dividend: The company declared its 2nd interim dividend of Rs 75/- per equity share for the FY 2023-24. 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 Financials: The company announced a fall of 7.3% in its consolidated net profit at Rs 150.27 crore for the September quarter of financial year 2024 as against Rs 162.12 crore announced in corresponding period of last year. It declared 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 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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