Hefty Rs 150 Dividend: Record Date On 13 February; Buying Opportunity Ahead?

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, marketing, and distribution of the JOCKEY® brand. The company's main brand, Jockey, leads the market in both leisure wear and high-end innerwear. There are 2,710 cities and towns where the brand is offered, along with 1,10,176 Multi Brand Outlets, 1,436 Exclusive Brand Stores (EBS), 1,212 Large Format Stores, and a substantial online presence.

Page Industries Dividend

"We further inform you that the Board of Directors of the Company at their meeting held today (i.e., 5 February 2025) has declared 3rd Interim Dividend 2024-25 of Rs. 150/- per equity share. As informed earlier, the record date fixed for the payment of interim dividend is 13 February 2025. The date fixed for payment of dividend is on or before 7 March 2025," said Page Industries in a stock exchange filing.

Page Industries Q3 Financials

For the October-December quarter of the current fiscal year (Q3 FY25), Page Industries reported a net profit of Rs 205 crore, up from Rs 152 crore during the same period last year, representing a growth of over 34% YoY. For the quarter ending December 31, 2024, its revenue from operations reached Rs 1,313 crore, up 7.1% (YoY) from Rs 1,246 crore in the third quarter of FY24.

In the third quarter of FY25, the company's earnings before interest, taxes, depreciation, and amortisation (EBITDA) jumped 33.6% YoY to Rs 306 crore as against Rs 226.4 crore in Q3 FY24. In Q3 FY25, the EBITDA margin climbed 23% from 18.5% in Q3 FY24. The company's sales during the first nine months of the current fiscal year (9M FY25) improved 7.3% YoY to Rs 3,837 crore. EBITDA was up 19% YoY at Rs 827 crore, while net profit for the 9M FY25 climbed 22.6% to Rs 565 crore.

Page Industries Share Price Target

Mandar Bhojane - Equity Research Analyst at Choice Broking said, "Page Industries Ltd (PAGEIND) is currently trading at 42,950, reflecting a corrective phase with prevailing bearish sentiment. The stock is trading below the 20, 50, and 100-day EMAs, indicating weakness. Additionally, the 200-day EMA at 43,222 was breached today, further confirming bearish momentum. However, if the price sustains above 43,600, it could trigger a short-term up move towards 47,000."

"On the downside, immediate support is seen at 42,400-42,000, offering a potential buying opportunity if a bullish reversal is observed. The RSI is at 34.61, reflecting neutral momentum and aligning with the ongoing consolidation. If buying interest emerges near support levels, the stock could present a favourable setup for upside targets," Mandar Bhojane further commented.

Disclaimer

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