India's Page Industries' Q2 revenue rises 11% YoY to $147.7 mn

EBITDA stood at ₹2,815 million (~$33.4 million), a growth of 22 per cent YOY with margins at 22.6 per cent. Stable input costs and improved operating efficiency contributed to significant growth in operating profit. The profit after tax (PAT) was ₹1,953 million (~$23.1 million), a 29.9 per cent increase YoY, stated Page Industries in a media release.

For the first six months (H1), the company’s revenue was ₹25,238 million (~$300.1 million), a growth of 7.3 per cent YoY and EBITDA was ₹5,248 million, growth of 12 per cent YoY. PAT stood at ₹3,605 million, growth of 16.8 per cent YoY.

“I am thrilled to share that our relentless dedication to sustainable growth, product enhancement, customer engagement, and brand development has led to robust revenue growth. Our operating margins remain strong, thanks to our focus on operational efficiencies, cost control, and strategic sourcing initiatives. We are committed to investing in future growth, and our digital transformation initiatives are progressing well, promising substantial operational benefits in the coming years. The dynamic e-commerce landscape has driven exciting growth, bolstered by our prior investments and meticulous preparations. With the festive season on the horizon, we anticipate a surge in consumer demand and are perfectly positioned to capitalize on these opportunities,” said VS Ganesh, managing director, Page Industries.

Fibre2Fashion News Desk (SG)