FY24 ends on a weak note; expect gradual improvement

24 May 2024
5 Min read 
  • Page Industries 4QFY24 results update with changes in estimates, target price, and rating.
  •  Weak performance in FY24 with gradual improvement expected.
  •  Revenue growth was muted, with a slight recovery at the end of the quarter.
  •  Limited expansion in EBITDA margin despite a favorable base.
  •  Double-digit growth in EBITDA/PBT/PAT on a weak base.
  •  Management expects a gradual uptick in demand in FY25.
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