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Page Industries’ Q4FY20 results fall short of lofty expectations

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₹541 crore. While the covid-19 led disruption in the month of March was expected to play spoilsport, the Street had estimated revenues to be more or less flat yoy at around ₹600 crore.

Volumes dropped by a sharp 18.7% last quarter. This comes on the back of a 2.8% volume drop in the December quarter, which shows that performance has been slipping for some time.Page has been having a challenging time in boosting sales, owing to tepid consumer demand and stiff competition.

For the whole year, revenues increased by 3% year-on-year.Naturally, subdued revenue performance in the March quarter weighed on overall profitability.

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COVID-19
United States
United States
Cases: 46 252 513
Deaths: 750 423
Recovered: 0
India
India
Cases: 34 321 025
Deaths: 459 652
Recovered: 0
Brazil
Brazil
Cases: 21 835 785
Deaths: 608 235
Recovered: 0
United Kingdom
United Kingdom
Cases: 9 215 683
Deaths: 141 607
Recovered: 0
Russia
Russia
Cases: 8 494 589
Deaths: 237 619
Recovered: 0
Detail statistic
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