Motilal Oswal
Page Industries (PAGE) continued to experience weakened growth due to
subdued industry demand and high channel inventory levels. Revenue was
up 3% YoY to INR10.0b (est. INR10.6b) in 4QFY24; recovery was visible in
innerwear and athleisure-wear. Volume rose 6% YoY to 45.3m pieces.
Page Industries Ltd. has an average target of 44873.20 from 5 brokers.
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