Finance & Economy

Recovery Is A Couple Of Quarters Away For Page Industries

Published: May 29, 2023
Author: DIGITAL MEDIA EXECUTIVE

The Page Industries stock has been heavily sold off as a result of the 2022–23 fiscal year’s fourth quarter’s disappointing performance (Q4FY23).

When sales are excluded during the Covid-19 period, unit volume fell 14.6% year over year (YoY) in Q4 while sales fell 12.8% (the largest loss in sales since FY12). If Covid-19 is taken out of the equation, the Ebitda margin, which measures earnings before interest, taxes, depreciation, and amortisation, was also at a multi-year low of 13.9%.

The problems included a lack of ability to absorb fixed expenses due to a reduction in sales as well as the use of expensive inventory. According to the management, raw material costs will decline in the future, but the execution of the new marketing strategy makes a sales rebound appear dubious in the near future. process of auto replenishment system (ARS) and also due to increased competition.

 

Related Posts

A Study on Health Problems Faced by Sewing Machine Operators of Parbhani District While Stitching of Garments