Q4 2024 Page Industries Ltd Earnings Call Transcript
Key Points
- Page Industries Ltd (BOM:532827) achieved a PAT growth of 38.1% in Q4 FY24.
- The company maintained its leadership in quality and market presence across all categories.
- E-commerce channel witnessed substantial growth, reflecting evolving consumer purchasing preferences.
- Page Industries Ltd (BOM:532827) remains debt-free, with a strong focus on operational excellence and digital transformation.
- The company has successfully reduced inventory days from 124 in Q4 FY23 to 93 in Q4 FY24, indicating healthier inventory management.
- FY24 annual revenue declined by 2.7%, reflecting weaker demand and consumption.
- The operating environment remained challenging with sluggish consumer demand and erratic climate events affecting growth.
- Inventory levels at channel partners' end are still elevated and not at ideal levels.
- The EBITDA margin for Q4 was lower at 16.8% due to increased investments in marketing and technology.
- The company faces increased competitive intensity, with some peers performing better on the P&L front.
Ladies and gentlemen, good day, and welcome to the Q4 and full-year FY24 earnings conference call of Page Industries Limited. (Operator Instructions) Please note that this conference is being recorded.
I now hand the conference over to Mr. V. S. Ganesh, Managing Director, Page Industries, for his opening remarks. Thank you, and over to you, sir.
Thank you so much, and ladies and gentlemen, a very good afternoon to all of you. Thank you for joining us today (technical difficulty) performance of Page Industries for the financial year 2024.
Joining me on the call today are Mr. Deepanjan, our Financial Officer; and Mr. Karthik Yathindra, our President and Chief Sales and Marketing Officer. Before we dive into specific numbers for the year and for the quarter, I will deeply run you through the year gone by against the industry and the economic backdrop.
Last year, we witnessed a significant challenge and transformative changes in the innerwear and athleisure
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