ICICI Securities Ltd | Retail Equity Research Page Industries' Q2FY18 results were above our estimates across all the parameters. Page registered health topline growth of 17% YoY to | 625.7 crore (I-direct estimate: | 618.5 crore). Volume for the quarter grew 7.9% to 42.6 million pieces, well supported by 8.2% YoY growth in the blended realisation to | 145/piece. Following the 202 bps rise in COGS to Sales ratio, gross margins for the quarter softened to 57.6% as compared to 59.7% in Q2FY17....