All eyes on inventory liquidation; the moat remains unchange

Company
22 Apr 2024
5 Min read 
  • Page Industries recently had an interaction with the CFO to gain insight into industry trends and long-term growth drivers.
  •  Demand pressures appear to be stabilizing, but the timing of full recovery remains uncertain.
  •  Inventory levels still exceed desired levels, but there are efforts to normalize them.
  •  Page Industries has a focused approach to its core innerwear business and emphasizes innovation and quality.
  •  The company has a wide distribution network and has seen rapid growth in exclusive brand outlets.
  •  Financial performance has been strong, with a track record of revenue and earnings growth.
  •  Valuation is neutral with a target price of INR36,500.
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