|
20 Sep 2025 |
Page Industries
|
Consensus Share Price Target
|
43570.00 |
45561.48 |
- |
4.57 |
hold
|
|
|
|
|
10 Feb 2023
|
Page Industries
|
ICICI Securities Limited
|
43570.00
|
43500.00
|
38786.20
(12.33%)
|
Target met |
Accumulate
|
|
|
Page performance continues to be soft; impacted by high inventory in base, general slowdown and software implementation issue at MBO channel. Despite 13% YoY increase in total reach; 19% YoY rise in number of EBOs (~20% revenue share), 3% revenue growth implies meaningful decline in SSSG.
|
|
11 Nov 2022
|
Page Industries
|
ICICI Direct
|
43570.00
|
51770.00
|
47560.90
(-8.39%)
|
|
Hold
|
|
|
|
|
11 Nov 2022
|
Page Industries
|
ICICI Securities Limited
|
43570.00
|
52000.00
|
48666.00
(-10.47%)
|
|
Accumulate
|
|
|
Page had a softer-than-expected print with revenue growth of 16% YoY (1% volume growth). Management’s clarification that core (excluding masks) sales grew 20% with 7% volume growth did help but we would have appreciated this clarity last year itself.
|
|
11 Nov 2022
|
Page Industries
|
Axis Direct
|
43570.00
|
52200.00
|
47560.90
(-8.39%)
|
|
Hold
|
|
|
We maintain HOLD with a revised TP of Rs 52,200 (vs. TP Rs 51,900 earlier) on the back of robust distribution expansion, penetration in T3/T4 cities, and healthy operating performance.
|
|
29 Aug 2022
|
Page Industries
|
Chola Wealth Direct
|
43570.00
|
52400.00
|
49390.70
(-11.79%)
|
Target met |
Hold
|
|
|
|
|
12 Aug 2022
|
Page Industries
|
Axis Direct
|
43570.00
|
51900.00
|
49137.35
(-11.33%)
|
Target met |
Hold
|
|
|
We maintain HOLD with a revised TP of Rs 51,900 (vs. TP Rs 44,500 earlier) on the back of robust distribution expansion, penetration in T3/T4 cities and healthy operating performance.
|
|
12 Aug 2022
|
Page Industries
|
ICICI Direct
|
43570.00
|
52680.00
|
49137.35
(-11.33%)
|
Target met |
Hold
|
|
|
|
|
12 Aug 2022
|
Page Industries
|
ICICI Securities Limited
|
43570.00
|
52000.00
|
49011.10
(-11.10%)
|
Target met |
Accumulate
|
|
|
Page delivered ahead-of-expected revenue print with 3-year CAGR of 17%. While there was some gross margin pressure, ~4% price hike was taken in the quarter (8% in Dec-21).
|
|
11 Aug 2022
|
Page Industries
|
Motilal Oswal
|
43570.00
|
46420.00
|
49137.35
(-11.33%)
|
Target met |
Neutral
|
|
|
|
|
06 Jun 2022
|
Page Industries
|
Chola Wealth Direct
|
43570.00
|
44530.00
|
42127.95
(3.42%)
|
Target met |
Hold
|
|
|
|