{"id":128225,"date":"2022-03-11T02:53:13","date_gmt":"2022-03-11T07:53:13","guid":{"rendered":"https:\/\/44.250.171.167\/?p=128225"},"modified":"2022-10-05T06:23:29","modified_gmt":"2022-10-05T10:23:29","slug":"page-industries-ltd-q3-fy22-earnings-conference-call-insights","status":"publish","type":"post","link":"https:\/\/alphastreet.com\/india\/page-industries-ltd-q3-fy22-earnings-conference-call-insights\/","title":{"rendered":"Page Industries Ltd Q3 FY22 Earnings Conference Call Insights"},"content":{"rendered":"<p><iframe loading=\"lazy\" title=\"Page Industries Ltd Q3 FY22 Earnings Call\" width=\"500\" height=\"375\" src=\"https:\/\/www.youtube.com\/embed\/w_qXjJp_B6c?feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" referrerpolicy=\"strict-origin-when-cross-origin\" allowfullscreen><\/iframe><\/p>\n<p><strong>Key highlights from Page Industries Ltd (<a href=\"https:\/\/44.250.171.167\/symbol\/PAGEIND\/\">PAGEIND<\/a>) Q3 FY22 Earnings Concall<\/strong><\/p>\n<p><strong>Management Update:<\/strong><\/p>\n<ul>\n<li>PAGEIND commented it has been able to expand capacities in line with the increasing demand and have taken lot of measures to increase capacity, both in-house and with the chosen outsourced vendor partners.<\/li>\n<\/ul>\n<ul>\n<li>In the past five quarters, the company delivered the best four quarters in the history of PAGEIND, with the exception of 1Q that was impacted by partial lockdowns.<\/li>\n<\/ul>\n<p><strong>Q&amp;A Highlights:<\/strong><\/p>\n<ul>\n<li>Avi Mehta from Macquarie asked about the price increase, if the company has taken any further price hike than the 5% done in 2Q22 to pass on the input cost inflation. VS Ganesh CEO said the company increased the price by around 8% during Dec., Jan. This was mainly because of the input cost increase.<\/li>\n<\/ul>\n<ul>\n<li>Avi Mehta of Macquarie also asked that from the EBITDA margin point of view, should PAGEIND now aim for 22% margin going forward with the price increase. \u00a0VS Ganesh CEO replied that the company always curate the prices in such a way that it\u2019s in the 20-21% range, so that PAGEIND can continue to be a value for money brand for consumers.<\/li>\n<\/ul>\n<ul>\n<li>Tejash Shah with Spark Capital enquired about EBO expansions, how much more runway the company is seeing in expansion in the next two years. Rahul Shukla CRO said that over the last two years, PAGEIND has been opening one store every two days in the year. The company added that it will continue to drive the pace of expansion moving forward.<\/li>\n<\/ul>\n<ul>\n<li>Tejash Shah with Spark Capital also enquired about the nature of expansion, if the company is getting to Tier 2, Tier 3 or it\u2019s going deep in existing markets. Rahul Shukla CRO said that the company\u2019s vision to have an [e-Bay] in every relevant, viable and sustainable catchment. PAGEIND added that its expansion is happening uniformly across metros, in Tier 1 and Tier 2 as well as in Tier 3 and Tier 4.<\/li>\n<\/ul>\n<ul>\n<li>Tejash Shah with Spark Capital asked about the least populous city the company would have got to so far. \u00a0Rahul Shukla CRO answered that typically the company defines the Tier 4 cities as the ones which have a population of 50,000 plus. So PAGEIND is targeting those markets.<\/li>\n<\/ul>\n<ul>\n<li>Ankit Kedia of PhillipCapital asked about MBO channel expansion and breakup of 1 lakh MBO outlets between men, women and kids. Gagan Sehgal President said that the percentage is pretty healthy. Out of the total men innerwear base, when it comes to women and athleisure, it\u2019s almost 60% to 70% of that where women and athleisure is present.<\/li>\n<\/ul>\n<ul>\n<li>Sanjaya Satapathy from Ampersand asked about the top line outlook the company had given of touching some $1 billion sales by fiscal &#8217;24 or something, and if it\u2019s on track. VS Ganesh CEO replied the company is very much in the trajectory. And the QonQ performances are in line with the long-term business plan to achieve the target. PAGEIND believes it will hit it faster than thought.<\/li>\n<\/ul>\n<ul>\n<li>Gaurav Jogani with Axis Capital asked about the percentage contribution to the overall sales from the EBO outlets. Rahul Shukla CRO replied that it\u2019s quite a substantial contribution, probably one-third of what PAGEIND does and it&#8217;s been growing rapidly over the last couple of years.<\/li>\n<\/ul>\n<ul>\n<li>Chirag Lodaya from Valuequest clarified about 24% volume growth during 3Q22 and top line growth was around 27%, 28% and the pricing element was just 3% YoY. K. Chandrasekar CFO replied that there is a lot of mix element in terms of channel and product category in that. It increased prices by close to 5% in Q1. So there is always an impact of premiumization and mix in that.<\/li>\n<\/ul>\n<ul>\n<li>Chirag Lodaya from Valuequest also asked about the advertising spend for 3Q22 and first nine months. K. Chandrasekar CFO replied that advertising spend was about INR294 million in 3Q22 and the nine-months spend was around INR715 million.<\/li>\n<\/ul>\n<ul>\n<li>Swagato Ghosh of Franklin Templeton asked if the company is thinking of any inorganic growth opportunities. VS Ganesh CEO replied that PAGEIND is not looking at any acquisition because there is a lot of work on hands in the organic growth itself. PAGEIND is growing rapidly and it needs to expand capacities and the future of the brand in India.<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Key highlights from Page Industries Ltd (PAGEIND) Q3 FY22 Earnings Concall Management Update: PAGEIND commented it has been able to expand capacities in line with the increasing demand and have taken lot of measures to increase capacity, both in-house and with the chosen outsourced vendor partners. In the past five quarters, the company delivered the [&hellip;]<\/p>\n","protected":false},"author":1767,"featured_media":125416,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[9825,6351,392],"tags":[1372,9793],"class_list":["post-128225","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-earnings-call-highlights","category-consumer-stocks","category-earnings","tag-apparel","tag-textile"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg","jetpack_likes_enabled":false,"jetpack-related-posts":[{"id":130244,"url":"https:\/\/alphastreet.com\/india\/page-industries-ltd-q4-fy22-earnings-conference-call-insights\/","url_meta":{"origin":128225,"position":0},"title":"Page Industries Ltd Q4 FY22 Earnings Conference Call Insights","author":"Praveen","date":"May 27, 2022","format":false,"excerpt":"https:\/\/youtu.be\/pJ9mtrj_vD0 Key highlights from Page Industries Ltd (PAGEIND) Q4 FY22 Earnings Concall Q&A Highlights: Gaurav Jogani with Axis Capital asked about the price increase taken in 4Q, beyond the 8% price increase announced in Dec. VS Ganesh CEO replied that the company didn\u2019t have any further price increase other than\u2026","rel":"","context":"In &quot;Concall Highlights&quot;","block_context":{"text":"Concall Highlights","link":"https:\/\/alphastreet.com\/india\/category\/earnings-call-highlights\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":147373,"url":"https:\/\/alphastreet.com\/india\/page-industries-ltd-q4-fy23-earnings-conference-call-insights\/","url_meta":{"origin":128225,"position":1},"title":"Page Industries Ltd Q4 FY23 Earnings Conference Call Insights","author":"Praveen","date":"May 26, 2023","format":false,"excerpt":"Key highlights from Page Industries Ltd (PAGEIND) Q4 FY23 Earnings Concall Q&A Highlights: [00:09:41] Tejash Shah from Spark Capital asked about more information on the slowdown and when demand is expected to turn around despite Omicron. V.S. Ganesh MD said the subdued market and the implementation of the auto-management system\u2026","rel":"","context":"In &quot;Concall Highlights&quot;","block_context":{"text":"Concall Highlights","link":"https:\/\/alphastreet.com\/india\/category\/earnings-call-highlights\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":127817,"url":"https:\/\/alphastreet.com\/india\/avanti-feeds-ltd-q3-fy22-earnings-conference-call-insights\/","url_meta":{"origin":128225,"position":2},"title":"Avanti Feeds Ltd Q3 FY22 Earnings Conference Call Insights","author":"Praveen","date":"February 23, 2022","format":false,"excerpt":"https:\/\/www.youtube.com\/watch?v=PqLWbFGvF0Y Key highlights from Avanti Feeds Ltd (AVANTIFEED) Q3 FY22 Earnings Concall Management Update: As the demand for shrimp feed is expected to increase, the company is in the process of expanding the shrimp feed capacity by setting up a new plant with an annual installed capacity of 1,75,000 metric\u2026","rel":"","context":"In &quot;Concall Highlights&quot;","block_context":{"text":"Concall Highlights","link":"https:\/\/alphastreet.com\/india\/category\/earnings-call-highlights\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":130726,"url":"https:\/\/alphastreet.com\/india\/aether-industries-ltd-q4-fy22-earnings-conference-call-insights\/","url_meta":{"origin":128225,"position":3},"title":"Aether Industries Ltd Q4 FY22 Earnings Conference Call Insights","author":"Praveen","date":"June 20, 2022","format":false,"excerpt":"Key highlights from Aether Industries Ltd (AETHER) Q4 FY22 Earnings Concall \u00a0 Q&A Highlights: Gagan Thareja - ASK Investment Managers - Analyst Would growth get constrained due to lack of capacity for the first 3 quarters of FY23? Rohan Desai - Whole-time Director Currently at 80% of utilization. Constantly debottlenecking\u2026","rel":"","context":"In &quot;Concall Highlights&quot;","block_context":{"text":"Concall Highlights","link":"https:\/\/alphastreet.com\/india\/category\/earnings-call-highlights\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":128024,"url":"https:\/\/alphastreet.com\/india\/balkrishna-industries-ltd-q3-fy22-earnings-conference-call-insights\/","url_meta":{"origin":128225,"position":4},"title":"Balkrishna Industries Ltd Q3 FY22 Earnings Conference Call Insights","author":"Praveen","date":"February 25, 2022","format":false,"excerpt":"https:\/\/www.youtube.com\/watch?v=wpMDR26eEO0 Key highlights from Balkrishna Industries Ltd (BALKRISIND) Q3 FY22 Earnings Concall Q&A Highlights: Ashutosh Tiwari from Equirus asked how much price increase the company has taken since January 2022. Rajiv Poddar, Joint MD said the company has not taken anything in the Q321. In current quarter also the company\u2026","rel":"","context":"In &quot;Concall Highlights&quot;","block_context":{"text":"Concall Highlights","link":"https:\/\/alphastreet.com\/india\/category\/earnings-call-highlights\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":128344,"url":"https:\/\/alphastreet.com\/india\/eicher-motors-ltd-eichermot-q3-fy22-earnings-concall\/","url_meta":{"origin":128225,"position":5},"title":"Eicher Motors Ltd (EICHERMOT) Q3 FY22 Earnings Concall","author":"Sahil","date":"February 14, 2022","format":false,"excerpt":"Eicher Motors Ltd (NSE:EICHERMOT) Q3 FY22 Earnings Concall dated Feb. 14, 2022","rel":"","context":"In &quot;Other Industries&quot;","block_context":{"text":"Other Industries","link":"https:\/\/alphastreet.com\/india\/category\/other-industries\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2022\/03\/Eicher-Motors-Ltd-Q3-FY22-Earnings-Concall.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2022\/03\/Eicher-Motors-Ltd-Q3-FY22-Earnings-Concall.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2022\/03\/Eicher-Motors-Ltd-Q3-FY22-Earnings-Concall.png?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2022\/03\/Eicher-Motors-Ltd-Q3-FY22-Earnings-Concall.png?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2022\/03\/Eicher-Motors-Ltd-Q3-FY22-Earnings-Concall.png?resize=1050%2C600&ssl=1 3x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2022\/03\/Eicher-Motors-Ltd-Q3-FY22-Earnings-Concall.png?resize=1400%2C800&ssl=1 4x"},"classes":[]}],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/posts\/128225","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/users\/1767"}],"replies":[{"embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/comments?post=128225"}],"version-history":[{"count":0,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/posts\/128225\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/media\/125416"}],"wp:attachment":[{"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/media?parent=128225"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/categories?post=128225"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/tags?post=128225"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}