Page Industries Ltd.
PAGEINDConsumer Discretionary filings
We hold this company’s filings and have not read the financial statements out of them yet. Every filing on record is listed under filings, and each one opens.
Earnings calls
7 transcript(s)/analyst meet(s) served; 0 document(s) on file are not transcripts (cover letters, duplicates, unresolved) and are excluded. Speaker attribution is shown only where the segmenter attributes ≥ 95% of sentences to management or analysts (0 of 7 documents here); elsewhere sentences render unattributed.
| Kind | Date | Period | Served | Attribution rate |
|---|---|---|---|---|
| TRANSCRIPT | 20200310 | 2019-12-31 | yes | |
| TRANSCRIPT | 20210817 | 2021-06-30 | yes | |
| TRANSCRIPT | 20211115 | 2021-09-30 | yes | |
| TRANSCRIPT | 20220215 | 2021-12-31 | yes | |
| TRANSCRIPT | 20231116 | 2022-09-30 | yes | |
| TRANSCRIPT | 20240215 | 2022-12-31 | yes | |
| TRANSCRIPT | 20230816 | 2023-06-30 | yes | |
| TRANSCRIPT | 20241113 | 2024-09-30 | yes | |
| TRANSCRIPT | 20250813 | 2025-06-30 | yes | |
| TRANSCRIPT | 20251120 | 2025-09-30 | yes | |
| TRANSCRIPT | 20260210 | 2025-12-31 | yes | |
| TRANSCRIPT | 20260529 | 2026-03-31 | yes |
PAGEIND
files as a non-banking financial company. Every figure below opens to the filing it was read from; where a figure is not shown, the reason is printed in its place.
Identity
| Statement division | nbfc |
| Scope served | standalone |
| Panels on this page | 4 |
Market
No split, bonus or consolidation is on record for this company inside the period this price series covers, so the closes need no adjustment.
| Last close | 37,500.00 |
| 52-week range | 30200.0 – 43610.0 |
| Return 1M | 5.63% |
| Return 3M | -8.42% |
| Return 1Y | -11.57% |
| Return 3Y | -4.91% |
| Return 5Y | 11.5% |
| Market capitalisation | not shown — we could not confirm it |
| Shares outstanding | not shown — we could not confirm it |
| P/E | not shown — we could not confirm it |
| P/B | not shown — we could not confirm it |
| EV/EBITDA | not shown — we could not confirm it |
Latest quarter filed — period ending 2026-06-30
In INR crore except per-share figures. `period_id` is the period the filing names for the number; the date beside each cell is when it was filed.
| Revenue from operations | 1,420.00 |
| Other income | 11.00 |
| Total income | 1,431.00 |
| Cost of materials consumed | 284.00 |
| Purchases of stock-in-trade | 274.00 |
| Changes in inventories | 50.00 |
| Employee benefit expense | 250.00 |
| Finance costs | 12.00 |
Ownership — 2026-06-30, and the change from 2026-03-31
| Holder | Per cent | Change |
|---|---|---|
| promoter and promoter group | 0.43 | 0.00 |
| institutions foreign | 0.19 | -0.00 |
| institutions domestic | 0.34 | 0.00 |
| mutual funds | 0.24 | 0.00 |
| public | 0.57 | 0.00 |
Documents on file
| Class | Most recent | On file |
|---|---|---|
| TRANSCRIPT | 2026-03-31 | 12 |
Financial statements
Filed results, standalone, in INR crore except per-share figures. Every figure opens to the filing it was read from. Quarterly and annual columns are the periods the filing itself names, never a document date.
Quarterly results, as filed
| Line | 2022-09-30 | 2022-12-31 | 2023-03-31 | 2023-06-30 | 2023-09-30 | 2023-12-31 | 2024-03-31 | 2024-06-30 | 2024-09-30 | 2024-12-31 | 2025-03-31 | 2025-06-30 | 2025-09-30 | 2025-12-31 | 2026-03-31 | 2026-06-30 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue from operations | 1,255.00 | 1,223.00 | 969.00 | 1,240.00 | 1,125.00 | 1,229.00 | 995.00 | 1,278.00 | 1,246.00 | 1,313.00 | 1,098.00 | 1,317.00 | 1,291.00 | 1,387.00 | 1,253.00 | 1,420.00 |
| Other income | 3.00 | 2.00 | 7.00 | 2.00 | 2.00 | 6.00 | 11.00 | 13.00 | 15.00 | 14.00 | 20.00 | 15.00 | 19.00 | 12.00 | 17.00 | 11.00 |
| Total income | 1,258.00 | 1,225.00 | 976.00 | 1,242.00 | 1,127.00 | 1,234.00 | 1,006.00 | 1,290.00 | 1,261.00 | 1,327.00 | 1,118.00 | 1,331.00 | 1,310.00 | 1,399.00 | 1,270.00 | 1,431.00 |
| Cost of materials consumed | 407.00 | 390.00 | 308.00 | 297.00 | 304.00 | 288.00 | 261.00 | 260.00 | 276.00 | 269.00 | 269.00 | 263.00 | 323.00 | 302.00 | 300.00 | 284.00 |
| Purchases of stock-in-trade | 429.00 | 378.00 | 295.00 | 168.00 | 157.00 | 143.00 | 139.00 | 134.00 | 173.00 | 223.00 | 207.00 | 234.00 | 290.00 | 317.00 | 311.00 | 274.00 |
| Changes in inventories | -281.00 | -186.00 | -183.00 | 119.00 | 38.00 | 146.00 | 36.00 | 191.00 | 93.00 | 82.00 | -47.00 | 41.00 | -96.00 | -35.00 | -91.00 | 50.00 |
| Employee benefit expense | 230.00 | 215.00 | 220.00 | 209.00 | 204.00 | 195.00 | 194.00 | 201.00 | 205.00 | 206.00 | 209.00 | 234.00 | 248.00 | 233.00 | 228.00 | 250.00 |
| Finance costs | 9.00 | 10.00 | 14.00 | 13.00 | 11.00 | 11.00 | 10.00 | 12.00 | 11.00 | 12.00 | 12.00 | 13.00 | 13.00 | 13.00 | 12.00 | 12.00 |
| Depreciation and amortisation | 19.00 | 20.00 | 21.00 | 21.00 | 25.00 | 23.00 | 23.00 | 22.00 | 23.00 | 30.00 | 25.00 | 27.00 | 25.00 | 27.00 | 28.00 | 29.00 |
| Other expenses | 232.00 | 233.00 | 194.00 | 206.00 | 189.00 | 228.00 | 198.00 | 247.00 | 217.00 | 231.00 | 225.00 | 250.00 | 247.00 | 252.00 | 243.00 | 275.00 |
| Total expenses | 1,045.00 | 1,060.00 | 870.00 | 1,032.00 | 927.00 | 1,032.00 | 861.00 | 1,068.00 | 998.00 | 1,052.00 | 900.00 | 1,061.00 | 1,049.00 | 1,108.00 | 1,032.00 | 1,172.00 |
| Profit before exceptional items and tax | 213.00 | 164.00 | 107.00 | 210.00 | 199.00 | 202.00 | 145.00 | 222.00 | 262.00 | 275.00 | 219.00 | 270.00 | 261.00 | 291.00 | 238.00 | 259.00 |
| Exceptional items | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | -35.00 | 0.00 | 0.00 |
| Profit before tax | 213.00 | 164.00 | 107.00 | 210.00 | 199.00 | 202.00 | 145.00 | 222.00 | 262.00 | 275.00 | 219.00 | 270.00 | 261.00 | 256.00 | 238.00 | 259.00 |
| Current tax | 53.00 | 42.00 | 26.00 | 53.00 | 54.00 | 52.00 | 34.00 | 58.00 | 68.00 | 71.00 | 52.00 | 71.00 | 68.00 | 68.00 | 55.00 | 68.00 |
| Deferred tax | -2.00 | -1.00 | 3.00 | -1.00 | -4.00 | -2.00 | 3.00 | -1.00 | -0.00 | -1.00 | 3.00 | -2.00 | -2.00 | -1.00 | 4.00 | -2.00 |
| Tax expense | 50.00 | 41.00 | 28.00 | 52.00 | 49.00 | 50.00 | 37.00 | 57.00 | 67.00 | 70.00 | 55.00 | 69.00 | 66.00 | 67.00 | 59.00 | 66.00 |
| Profit for the period | 162.00 | 124.00 | 78.00 | 158.00 | 150.00 | 152.00 | 108.00 | 165.00 | 195.00 | 205.00 | 164.00 | 201.00 | 195.00 | 190.00 | 179.00 | 193.00 |
| Other comprehensive income | 2.00 | 1.00 | -3.00 | 0.00 | 0.00 | 2.00 | 0.00 | 2.00 | -0.00 | -2.00 | -3.00 | -2.00 | -2.00 | 1.00 | 4.00 | 0.00 |
| Total comprehensive income | 164.00 | 125.00 | 76.00 | 159.00 | 151.00 | 154.00 | 108.00 | 167.00 | 195.00 | 202.00 | 161.00 | 199.00 | 193.00 | 190.00 | 182.00 | 193.00 |
| Earnings per share, basic | 145.36 | 110.93 | 70.24 | 141.98 | 134.73 | 136.59 | 97.01 | 148.13 | 175.06 | 183.48 | 147.04 | 180.02 | 174.62 | 169.93 | 160.24 | 172.86 |
| Earnings per share, diluted | 145.36 | 110.93 | 70.24 | 141.98 | 134.73 | 136.59 | 97.01 | 148.13 | 175.06 | 183.48 | 147.04 | 180.02 | 174.62 | 169.93 | 160.24 | 172.86 |
Annual results, as filed
| Line | 2019-03-31 | 2020-03-31 | 2021-03-31 | 2022-03-31 | 2023-03-31 | 2024-03-31 | 2025-03-31 | 2026-03-31 |
|---|---|---|---|---|---|---|---|---|
| Revenue from operations | 2,852.00 | 2,945.00 | 2,833.00 | 3,886.00 | 4,789.00 | 4,582.00 | 4,935.00 | 5,247.00 |
| Other income | 36.00 | 25.00 | 19.00 | 21.00 | 15.00 | 20.00 | 62.00 | 64.00 |
| Total income | 2,889.00 | 2,970.00 | 2,852.00 | 3,907.00 | 4,803.00 | 4,602.00 | 4,997.00 | 5,311.00 |
| Cost of materials consumed | 770.00 | 654.00 | 585.00 | 1,008.00 | 1,488.00 | 1,133.00 | 1,075.00 | 1,188.00 |
| Purchases of stock-in-trade | 586.00 | 639.00 | 482.00 | 884.00 | 1,426.00 | 612.00 | 738.00 | 1,152.00 |
| Changes in inventories | -160.00 | 18.00 | 197.00 | -183.00 | -746.00 | 340.00 | 318.00 | -181.00 |
| Employee benefit expense | 467.00 | 532.00 | 564.00 | 720.00 | 881.00 | 804.00 | 821.00 | 943.00 |
| Finance costs | 16.00 | 34.00 | 30.00 | 32.00 | 41.00 | 45.00 | 46.00 | 50.00 |
| Depreciation and amortisation | 31.00 | 61.00 | 63.00 | 65.00 | 78.00 | 91.00 | 99.00 | 107.00 |
| Other expenses | 571.00 | 570.00 | 479.00 | 672.00 | 877.00 | 821.00 | 920.00 | 992.00 |
| Total expenses | 2,283.00 | 2,508.00 | 2,399.00 | 3,199.00 | 4,045.00 | 3,845.00 | 4,018.00 | 4,250.00 |
| Profit before exceptional items and tax | 606.00 | 462.00 | 453.00 | 709.00 | 758.00 | 757.00 | 979.00 | 1,060.00 |
| Exceptional items | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | -35.00 |
| Profit before tax | 606.00 | 462.00 | 453.00 | 709.00 | 758.00 | 757.00 | 979.00 | 1,025.00 |
| Current tax | 204.00 | 117.00 | 116.00 | 174.00 | 189.00 | 192.00 | 249.00 | 263.00 |
| Deferred tax | 8.00 | 1.00 | -4.00 | -2.00 | -2.00 | -5.00 | 1.00 | -1.00 |
| Tax expense | 212.00 | 119.00 | 113.00 | 172.00 | 187.00 | 187.00 | 249.00 | 262.00 |
| Profit for the period | 394.00 | 343.00 | 341.00 | 537.00 | 571.00 | 569.00 | 729.00 | 764.00 |
| Other comprehensive income | 5.00 | -3.00 | 3.00 | 2.00 | 1.00 | 2.00 | -4.00 | 1.00 |
| Total comprehensive income | 399.00 | 340.00 | 344.00 | 538.00 | 572.00 | 572.00 | 725.00 | 765.00 |
| Earnings per share, basic | 353.19 | 307.72 | 305.35 | 481.03 | 512.15 | 510.31 | 653.71 | 684.81 |
| Earnings per share, diluted | 353.19 | 307.72 | 305.35 | 481.03 | 512.15 | 510.31 | 653.71 | 684.81 |
Balance sheet, as filed
| Line | 2022-09-30 | 2023-03-31 | 2023-09-30 | 2024-03-31 | 2024-09-30 | 2025-03-31 | 2025-09-30 | 2026-03-31 |
|---|---|---|---|---|---|---|---|---|
| Total assets | 2,464.00 | 2,693.00 | 2,642.00 | 2,683.00 | 2,710.00 | 2,643.00 | 2,786.00 | 2,856.00 |
| Non-current assets | 647.00 | 728.00 | 799.00 | 807.00 | 816.00 | 901.00 | 930.00 | 946.00 |
| Current assets | 1,817.00 | 1,965.00 | 1,843.00 | 1,876.00 | 1,894.00 | 1,742.00 | 1,856.00 | 1,911.00 |
| Property, plant and equipment | 448.00 | 483.00 | 495.00 | 484.00 | 305.00 | 753.00 | 764.00 | 630.00 |
| Capital work-in-progress | 116.00 | 150.00 | 198.00 | 239.00 | 247.00 | 72.00 | 92.00 | 1.00 |
| Goodwill | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Other intangible assets | 3.00 | 3.00 | 2.00 | 4.00 | 194.00 | 4.00 | 4.00 | 3.00 |
| Inventories | 1,359.00 | 1,595.00 | 1,362.00 | 1,170.00 | 936.00 | 859.00 | 950.00 | 1,056.00 |
| Trade receivables | 206.00 | 146.00 | 154.00 | 159.00 | 167.00 | 192.00 | 187.00 | 201.00 |
| Cash and cash equivalents | 76.00 | 1.00 | 110.00 | 33.00 | 120.00 | 238.00 | 159.00 | 267.00 |
| Total equity and liabilities | 2,464.00 | 2,693.00 | 2,642.00 | 2,683.00 | 2,710.00 | 2,643.00 | 2,786.00 | 2,856.00 |
| Equity | 1,315.00 | 1,371.00 | 1,530.00 | 1,597.00 | 1,490.00 | 1,407.00 | 1,409.00 | 1,503.00 |
| Equity share capital | 11.00 | 11.00 | 11.00 | 11.00 | 11.00 | 11.00 | 11.00 | 11.00 |
| Other equity | 1,304.00 | 1,360.00 | 1,519.00 | 1,586.00 | 1,479.00 | 1,396.00 | 1,398.00 | 1,491.00 |
| Total liabilities | 1,149.00 | 1,322.00 | 1,112.00 | 1,086.00 | 1,220.00 | 1,236.00 | 1,377.00 | 1,354.00 |
| Non-current liabilities | 121.00 | 128.00 | 149.00 | 147.00 | 175.00 | 225.00 | 232.00 | 246.00 |
| Current liabilities | 1,029.00 | 1,194.00 | 963.00 | 938.00 | 1,045.00 | 1,010.00 | 1,145.00 | 1,108.00 |
| Borrowings, non-current | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 6.00 | 9.00 |
| Borrowings, current | 0.00 | 248.00 | 0.00 | 0.00 | 0.00 | 0.00 | 2.00 | 3.00 |
| Trade payables | 389.00 | 288.00 | 257.00 | 220.00 | 258.00 | 255.00 | 315.00 | 323.00 |
Cash flow, as filed
| Line | 2022-09-30 | 2023-03-31 | 2023-09-30 | 2024-03-31 | 2024-09-30 | 2025-03-31 | 2025-09-30 | 2026-03-31 |
|---|---|---|---|---|---|---|---|---|
| Net cash from operating activities | 58.00 | -2.00 | 616.00 | 1,080.00 | 795.00 | 1,204.00 | 502.00 | 794.00 |
| Net cash from investing activities | 106.00 | 31.00 | -66.00 | -370.00 | -194.00 | 12.00 | -154.00 | -21.00 |
| Net cash from financing activities | -177.00 | -174.00 | -384.00 | -621.00 | -514.00 | -1,010.00 | -427.00 | -744.00 |
| Purchase of property, plant and equipment | 89.00 | 166.00 | 67.00 | 96.00 | 28.00 | 80.00 | 56.00 | 108.00 |
| Net increase in cash | -13.00 | -145.00 | 166.00 | 89.00 | 87.00 | 205.00 | -79.00 | 29.00 |
| con:CFO.BEFORE_TAX | 145.00 | 189.00 | 687.00 | 1,265.00 | 866.00 | 1,448.00 | 598.00 | 1,063.00 |
| con:INTEREST_RECEIVED.OPERATING | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| con:INTEREST_PAID.OPERATING | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| con:DIVIDENDS_RECEIVED.OPERATING | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | -268.00 |
| con:TAX_PAID.OPERATING | 87.00 | 190.00 | 71.00 | 184.00 | 71.00 | 245.00 | 96.00 | 0.00 |
| con:CF_OTHER.OPERATING | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| con:INVESTMENTS_PURCHASED | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| con:INVESTMENTS_SOLD | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| con:PPE_DISPOSALS | 0.00 | 2.00 | 1.00 | 1.00 | 0.00 | 1.00 | 0.00 | 1.00 |
| con:CF_INVESTING.SUBSIDIARIES_SOLD | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| con:CF_INVESTING.SUBSIDIARIES_ACQUIRED | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| con:CF_INVESTING.JV_SOLD | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| con:CF_INVESTING.JV_ACQUIRED | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Who owns it
The shareholding pattern filed with the exchange every quarter, as a series. Percentages are of total shares. Each figure names the filing it was read from and the date it was filed.
| Holder | 2023-03-31 | 2023-06-30 | 2023-09-30 | 2023-12-31 | 2024-03-31 | 2024-06-30 | 2024-09-30 | 2024-12-31 | 2025-03-31 | 2025-06-30 | 2025-09-30 | 2025-12-31 | 2026-03-31 | 2026-06-30 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Promoter and promoter group | 46.12 | 46.12 | 45.11 | 45.11 | 45.11 | 45.04 | 44.29 | 42.89 | 42.89 | 42.89 | 0.43 | 0.43 | 0.43 | 0.43 |
| Domestic institutions | 21.88 | 22.02 | 23.57 | 24.62 | 26.60 | 28.10 | 29.51 | 29.43 | 28.61 | 28.49 | 0.29 | 0.31 | 0.33 | 0.34 |
| Mutual funds | — | — | — | — | — | — | — | — | — | 19.65 | 0.20 | 0.22 | 0.23 | 0.24 |
| Insurance companies | 2.91 | 3.54 | 3.39 | 4.18 | 4.84 | 5.37 | 5.59 | 5.72 | 5.82 | 5.39 | 0.05 | 0.05 | 0.05 | 0.05 |
| Foreign institutions | 22.39 | 21.99 | 21.97 | 21.77 | 20.86 | 20.54 | 20.84 | 22.66 | 23.58 | 24.03 | 0.23 | 0.21 | 0.19 | 0.19 |
| Government | — | — | — | — | — | — | — | — | — | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Public | 53.88 | 53.88 | 54.89 | 54.89 | 54.89 | 54.96 | 55.71 | 57.11 | 57.11 | 57.11 | 0.57 | 0.57 | 0.57 | 0.57 |
| Non-institutional | 9.62 | 9.87 | 9.35 | 8.49 | 7.43 | 6.31 | 5.35 | 5.02 | 4.92 | 4.59 | 0.05 | 0.05 | 0.05 | 0.05 |
| Shares outstanding | 11153874 | 11153874 | 11153874 | 11153874 | 11153874 | 11153874 | 11153874 | 11153874 | 11153874 | 11153874 | 11153874 | 11153874 | 11153874 | 11153874 |
Related parties
Transactions with related parties as disclosed to the exchange for the period ending 2024-09-30, by counterparty, largest first. Amounts are as filed. Each row names the filing and the date it was filed.
| Counterparty | Relationship | Type | Amount in the period | Transactions |
|---|---|---|---|---|
| Ramesh Genomal | Promoter | Dividend paid | 703,192,000.00 | 1 |
| Sunder Genomal | Promoter | Dividend paid | 559,556,000.00 | 1 |
| Sanjeev Genomal | Promoter | Dividend paid | 239,491,000.00 | 1 |
| Sadhna Vijay Hirdaramani | Promoter | Dividend paid | 168,993,000.00 | 1 |
| Simran Keshav Mahtani | Promoter | Dividend paid | 168,993,000.00 | 1 |
| Dharmesh Naraindas Genomal | Promoter | Dividend paid | 126,745,000.00 | 1 |
| Madhuri Genomal | Promoter | Dividend paid | 57,506,000.00 | 1 |
| Shamir Genomal | Promoter | Dividend paid, Remuneration | 41,167,000.00 | 2 |
| Rohan Genomal | Promoter | Dividend paid | 28,728,000.00 | 1 |
| Pamela Kirpalani | Promoter | Dividend paid | 28,728,000.00 | 1 |
| V. S Ganesh | Key management personnel | Remuneration | 25,086,000.00 | 1 |
| Deepanjan Bandyopadhyay | Key management personnel | Remuneration | 7,000,000.00 | 1 |
| C Murugesh | Key management personnel | Remuneration | 3,306,000.00 | 1 |
| Vikram Shah | Director | Any other transaction, Dividend paid, Purchase of go | 933,000.00 | 3 |
| G.P. Albal | Director | Any other transaction | 241,000.00 | 1 |
What management said
Every earnings call we hold for this company, read in full. Prepared remarks are separated from the question-and-answer session and every paragraph names who said it and on which page. These are management’s own words, not filed figures.
| Date | Quarter | Who spoke | |
|---|---|---|---|
| 2024-02-15 | Q3FY23 | INDUSTRIES LIMITED | Read the call |
| 2023-11-16 | Q2FY23 | INDUSTRIES LIMITED | Read the call |
| 2023-08-16 | Q1FY24 | INDUSTRIES LIMITED, PAGE INDUSTRIES LIMITED | Read the call |
| 2022-02-15 | Q3FY22 | Read the call | |
| 2021-11-15 | Q2FY22 | Read the call | |
| 2021-08-17 | Q1FY22 | Read the call | |
| 2020-03-10 | Q3FY20 | CHANDRASEKAR–, FINANCIAL | Read the call |
What they said about it, quarter by quarter
| Topic | Q1FY22 | Q1FY24 | Q2FY22 | Q2FY23 | Q3FY20 | Q3FY22 | Q3FY23 |
|---|---|---|---|---|---|---|---|
| Capex | — | — | You were talking about how much CAPEX we may need. | — | — | — | — |
| Capital allocation | We managed to have quite a lot of customer acquisition during this time because these are times when our customers will always look for trusted brands… | — | — | — | The only operating item where we have declined below the line is in the financial income, because last year we had a lot of money to invest in debt mu… | Let me pick this up VSji, we are not looking at any acquisition if you are asking about that, because we have a lot of work on our hands in the organi… | In the last couple of years, setting up of a dedicated sales team and since then building an independent distribution network to serve only the women'… |
| Costs | We also had adequate raw materials safety stock built up, we even now are holding raw material stock so that we can quickly ramp up capacities when re… | Profit after tax down to 26% so our old stock of raw material and fabric has been wiped out or still we are having and what you learn from this lesson… | We did preposition raw material, we did create those buffers, we did nearshoring, we improved our supply base so that there is always a contingency pl… | Just to add, I mean, while the raw material prices has been reducing over some time, but given the fact that our entire costing is based on weighted a… | Apart from raw material, you have subcontract expenses, power and fuel, consumable, stores and spares, repairs and maintenance and all of that. | Mr. Mehta, we increased price by around 8% during December-January, this is mainly because of the input cost increase. | But as far as product cost is concerned, the favourable raw material cost and the improved efficiency is gradually benefiting the inventory cost, and … |
| Debt and cash | — | — | — | — | — | Sir, since FY20, our MBO footprint has grown from 66,000 odd to now more than 1 lakh odd, but if I look at 9 month FY22 sales CAGR on a two year basis… | Net working capital was INR9,278 million as compared with INR7,680 million at the end of Q4 FY'23. |
| Demand | Second question was that the same time last year when COVID impacted what we saw as a trend and it was alluded also last year, there was a sharp impro… | When you say festive demand that would be more of third quarter phenomena is that how I should understand it? | I mean, the reason was I wanted to just get a sense of the impact of any pent-up demand on 2Q growth or in whatever you could help us understand that? | So we may assume now no obsolete inventory line with any distributor or in pipeline? | Is that the same reason for the decline in gross margins and is the demand which is resulting in this pressure and hence likely to continue, any comme… | We have 5-year plan in place and we review it every year, so we have our budgets for next year, so the entire operating plan including warehousing is … | The industry has navigated through a period marked by mixed demand trends, with the overall demand for the retail industry being subdued as consumer e… |
| Guidance | In terms of effective price increase how much would that have been at a portfolio level in Q1 and how much should we expect going forward? | Any indication or guidance on how should we look at this would be very helpful. | And one last third question quickly, if you can highlight the scope of expansion and MBOs, we have already reached 1 lakh, where can we expect this nu… | But what I can say is there is an excellent improvement in those numbers, and it is in line with what we expected. | Also if I add, with your royalty perhaps at 24% you are one of the most profitable retailers of background, so the question is actually why to go on t… | Related to that a smaller sub question is what is our overall logistics cost both in terms of social as well as distribution and given our manufacturi… | So we expect Q4 maybe on those lines, though it is early days for us to talk about Q4. But see, from our point of view, we would like to brace ourselv… |
| Margin | Yes typically,, it lands out of the questions for many people, the gross margin maybe you are looking at what is published, if you had a chance to go … | Mr. Mehta, we have always been comfortable between 19-21% EBITDA and even when we look at all the interventions, we always try and maintain this margi… | Mr. Thakkar, if you have seen our Q1 Q2 numbers, in fact, especially in Q2 our EBITDA is in line with what we always decide to be, we always work on a… | So the margin improvement which you are seeing is actually because of all the measures we have taken as far as cost controls are concerned. | YTD are around 19% as far EBITDA before financial income and finance charges. | Follow up with this, from the EBITDA margin point of view should be now again for 22% as we go forward or if you could help us what range are we looki… | Investments in digital transformation and marketing initiatives did impact our EBITDA margin for this quarter, which was largely balanced with favoura… |
| People | — | Actually, there is no distributor attrition in fact it has only strengthened, and I feel this will further improve with ARS coming in I can already se… | We are operating at 250 million pieces and 80% capacity utilization, if that helps you. | And we don't have much, be it distribution, attrition, our sales team, they're all motivated because they all understand the long-term prospects of th… | — | — | And what was the capacity utilization as well? |
| Pricing | Okay and there is no seasonality over here right because of the price increase? | Luckily, we had always had the prudence and much better control over pricing, so we did not get pushed to that extent. | And the second question is in terms of the pricing part. | — | The pricing power is intact, and we do not increase prices beyond 3% to 5%. | Sir, first was on the price increase, in the second quarter, you had indicated that you have taken about 5% price hike, had we taken any further price… | Given that raw material prices sort of fell versus last year and are steady now, and given where your gross margins are, how do you see the need to ta… |
| Revenue growth | First on the volume growth of 70%, there are too many moving parts in the quarters if you could just help us understand at least which segments grew m… | June quarter is highest for company, but it is down year to year 7.5% in top line. | And how will you do that, since last four years we are in 9% topline only. | But what I can tell you is, to your question as to whether there will be a huge growth or good growth in top line and bottom line, though we remain op… | Our nine-month revenues for this financial year, is 24,042 million, a growth of about 7.1%. | My question is that quite a few consumer discretionary companies reported fairly weak revenue and volume performance in this quarter 3 and they sited … | However, the prevailing macroeconomic challenges and subdued market conditions led to a marginal year- on-year revenue growth, evident in a 2.4% incre… |