Page Industries Declares Rs 250 Dividend, Reports Strong Q2 Performance
Dividend to be credited by 6 december and record date set for 16 november
Page Industries, the Indian licensee for Jockey International and Speedo, declared a dividend of Rs 250 per share for its shareholders alongside its September quarter results. This follows a first interim dividend of Rs 300 declared with the June quarter results.
The record date for the latest dividend payout is set for 16 November 2024, with disbursement to shareholders expected by 6 December 2024.
In the September quarter, Page Industries reported a 6.7 per cent growth in volumes, surpassing projections of 5.7 per cent. Net profit rose 30.5 per cent year-on-year to Rs 195.5 crore, while revenue grew by 11 per cent to reach Rs 1,246 crore, up from Rs 1,122 crore in the same period last year.
EBITDA rose 25.6per cent to Rs 296 crore, with EBITDA margin expanding by over 250 basis points to 23.5per cent from 21 per cent in the previous year. The company attributed this margin growth to operational efficiencies, cost control, and strategic sourcing efforts.
Management expressed optimism about capitalising on expected growth in consumer demand, underscoring a surge in the market for sustainable, eco-friendly products. “The apparel retail market is set for significant expansion, driven by a young consumer base, rising disposable income, and rapid urbanisation,” they stated.
