Page Industries Q4 Results: Volume growth highest in three years; ₹150 dividend declared

Shares of Page Industries Ltd. gained over 2% on Thursday, May 21, in response to its March quarter results, that saw volume growth being the highest in three years.For the March quarter, Page Industries reported volume growth of 10.6% year-on-year. The last instance of the company reporting such volume growth was back in the third quarter of financial year 2023. In absolute numbers, volumes stood at 54.5 million pieces.

The management also reiterated its confidence of sustaining the growth momentum going forward, and that the company is also well-positioned to manage inflationary pressures on key input costs.

Page Industries In Q4

For the March quarter, Page Industries reported a net profit of ₹179 crore, which is 9% higher than the previous year’s figure of ₹164 crore.Revenue for the quarter increased by 14% from the same quarter last year to ₹1,252.6 crore from ₹1,098 crore earlier.

Its Earnings Before Interest, Tax, Depreciation and Amortisation (EBITDA) for the quarter grew by 10.7% from the year-ago quarter to ₹260.4 crore, while margins narrowed by 60 basis points to 20.8% at the end of the March quarter from 21.4% earlier.

Page Industries’ board has also approved an interim dividend of ₹150 per share, the record date for which has been fixed as May 27.

Shares of Page Industries have now surged to the highs of the day, currently trading 2.6% higher at ₹39,290. The stock is up 10% so far this year.