Page Industries Share Price Analysis 2024
Page Industries Ltd. (NSE: PAGEIND) is a leading player in India’s apparel sector, owning brands like Jockey, Camel, and Secura. Investors closely track its share price due to the company’s strong brand portfolio and exposure to consumer trends. Below is a detailed analysis of its current performance, historical trends, and key factors affecting its valuation.
Current Performance
As of July 2024, Page Industries share price trades around ₹2,850 on the National Stock Exchange (NSE). The stock has shown resilience amid market volatility, supported by consistent revenue growth and brand expansion. Recent quarterly results highlighted a 12% YoY rise in net profit, driven by robust demand for innerwear and sleepwear categories.
Key Metrics (Q4 FY24)
- Market Capitalization: ₹4.5 lakh crores
- PE Ratio: 34x
- Dividend Yield: 0.8%
- 52-Week Range: ₹2,300 - ₹3,100
Historical Trends
1-Year Performance
Over the past year, the stock gained approximately 18%, outperforming the Nifty Consumer Goods Index by 5%. The upward momentum reflects strong earnings growth and strategic acquisitions.
5-Year CAGR
Since 2019, Page Industries delivered a 14% compound annual growth rate (CAGR). The company’s focus on premium brands and international markets contributed significantly to long-term shareholder value.
Factors Influencing Share Price
Domestic Demand
India’s undergarment market is projected to grow at 9% annually. Page Industries benefits from rising disposable incomes and brand preference, especially in urban centers.
Global Expansion
The company has expanded into markets like the UAE and Europe. Currency fluctuations and geopolitical risks remain key external variables affecting margins.
Raw Material Costs
Cotton and polyester prices impact profitability. Recent cost pressures were partially offset by supply chain optimizations.
Analyst Outlook
Rating Summary
- Buy: 4 analysts
- Hold: 7 analysts
- Sell: 2 analysts
Target Price Range
Experts estimate a 12-month target price of ₹3,200-₹3,500, citing potential from new product launches and digital sales growth.
Investment Considerations
Pros
- Strong brand equity and market leadership
- Consistent earnings growth
- Expansion into high-growth categories
Cons
- Valuation premium compared to peers
- Exposure to raw material volatility
Risks
- Economic slowdown impacting discretionary spends
- Intense competition from fast-fashion brands
Conclusion
Page Industries remains a core pick for investors focused on the Indian consumer sector. While near-term volatility may occur due to global factors, long-term fundamentals appear solid. Monitoring quarterly results and brand performance will be crucial for timing entry points.
