{"id":130244,"date":"2022-05-27T09:00:41","date_gmt":"2022-05-27T13:00:41","guid":{"rendered":"https:\/\/44.250.171.167\/?p=130244"},"modified":"2022-10-06T03:19:07","modified_gmt":"2022-10-06T07:19:07","slug":"page-industries-ltd-q4-fy22-earnings-conference-call-insights","status":"publish","type":"post","link":"https:\/\/alphastreet.com\/india\/page-industries-ltd-q4-fy22-earnings-conference-call-insights\/","title":{"rendered":"Page Industries Ltd Q4 FY22 Earnings Conference Call Insights"},"content":{"rendered":"<p><iframe loading=\"lazy\" title=\"Page Industries Ltd Q4 FY22 Earnings Concall\" width=\"500\" height=\"375\" src=\"https:\/\/www.youtube.com\/embed\/pJ9mtrj_vD0?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>) Q4 FY22 Earnings Concall<\/strong><\/p>\n<p><strong>Q&amp;A Highlights:<\/strong><\/p>\n<ul>\n<li>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 the one it had in December.<\/li>\n<\/ul>\n<ul>\n<li>Gaurav Jogani with Axis Capital also asked that given the raw material stock the company has, if further price increase will be needed given the inflationary pressure seen in cotton prices. VS Ganesh CEO replied the company is closely monitoring the situation. It\u2019s not that the inventory will help PAGEIND in the long term. If there is a need, PAGEIND will be touching the prices to ensure that EBITDAs are around the 20-21% mark.<\/li>\n<\/ul>\n<ul>\n<li>Devanshu Bansal of Emkay Global asked about the cost savings considering GM dropping by 200 bp in 4Q, but EBITDA margin expanding by 500 bp. Chandrasekar K CFO answered that it is due to the much higher volume in 4Q22. The opex as a percentage of revenue went down and PAGEIND keeps a strict control of opex.<\/li>\n<\/ul>\n<ul>\n<li>Devanshu Bansal of Emkay Global also asked about the volume growth for 4Q22 and FY22. Chandrasekar K CFO said that volume for 4Q21 was 46 and for 4Q22 it was 50. And volumes for FY21 was 148 and FY22, it is 191.<\/li>\n<\/ul>\n<ul>\n<li>Nihal Jham from Edelweiss asked about the change in the sales and marketing spend. VS Ganesh CEO said the company makes sure that the spend on sales and marketing is not curtailed to a great extent as the traction is very high. PAGEIND is very bullish about the market and the growth.<\/li>\n<\/ul>\n<ul>\n<li>Saumil Mehta with Kotak Life asked what kind of other expenses have seen a moderation in 4Q22 and if it\u2019s going to be the new run rate for FY23. Chandrasekar K CFO replied there is no moderation as far as the overhead is concerned. Staff salaries, all the other opex have grown to keep pace with the growth in volume and at the same time as a percentage of revenue opex has come down.<\/li>\n<\/ul>\n<ul>\n<li>Ankit Kedia from PhillipCapital asked about the growth differential between the metro tier 1 market and the rural market, if there are some pressure points on volumes in the rural market. VS Ganesh CEO said the company is seeing overall growth be it the category or tiers of cities. All product categories and all channels have performed well.<\/li>\n<\/ul>\n<ul>\n<li>Bharat Gianani Moneycontrol Pro asked about the revenue growth target for the next 2-3 years. VS Ganesh CEO replied that the company was looking at $1 billion by FY26. In fact now the company is looking at $2 billion and beyond. As a management, the company is working on those aspirations and is well poised to counter those hikes.<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Key highlights from Page Industries Ltd (PAGEIND) Q4 FY22 Earnings Concall Q&amp;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 the one it had in December. [&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":[9825,6351,392,12],"tags":[1372,9984],"class_list":["post-130244","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-earnings-call-highlights","category-consumer-stocks","category-earnings","category-other-industries","tag-apparel","tag-textiles"],"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":128225,"url":"https:\/\/alphastreet.com\/india\/page-industries-ltd-q3-fy22-earnings-conference-call-insights\/","url_meta":{"origin":130244,"position":0},"title":"Page Industries Ltd Q3 FY22 Earnings Conference Call Insights","author":"Praveen","date":"March 11, 2022","format":false,"excerpt":"https:\/\/youtu.be\/w_qXjJp_B6c 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\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":130244,"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":129543,"url":"https:\/\/alphastreet.com\/india\/relaxo-footwears-limited-q4-fy22-earnings-conference-call-insights\/","url_meta":{"origin":130244,"position":2},"title":"Relaxo Footwears Limited Q4 FY22 Earnings Conference Call Insights","author":"Praveen","date":"May 16, 2022","format":false,"excerpt":"https:\/\/youtu.be\/HnvXYkkBaQE Key highlights from Relaxo Footwears Limited (RELAXO) Q4 FY22 Earnings Concall Q&A Highlights: Tejas Shah with Spark Capital asked about the realization split increase which has happened between price increase and premiumization during FY22 and 4Q22. Ramesh Dua MD replied that price increase was in the range of 25%\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":135471,"url":"https:\/\/alphastreet.com\/india\/varun-beverages-ltd-q3-fy23-earnings-conference-call-insights\/","url_meta":{"origin":130244,"position":3},"title":"Varun Beverages Ltd Q3 FY23 Earnings Conference Call Insights","author":"Praveen","date":"November 3, 2022","format":false,"excerpt":"https:\/\/youtu.be\/Cn7U2-O0_AY Key highlights from Varun Beverages Ltd (VBL) Q3 FY23 Earnings Concall Q&A Highlights: [00:08:04] Abneesh Roy from Nuvama asked about the size of the Morocco investment and its opportunity. Ravi Jaipuria Chairman replied that it\u2019s an existing business of INR150 crores, and it will take it from there from\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":141061,"url":"https:\/\/alphastreet.com\/india\/page-industries-ltd-pageind-q3-fy23-earnings-concall-transcript\/","url_meta":{"origin":130244,"position":4},"title":"Page Industries Ltd (PAGEIND) Q3 FY23 Earnings Concall Transcript","author":"IRS_INDIA","date":"February 12, 2023","format":false,"excerpt":"Page Industries Ltd (NSE:PAGEIND) Q3 FY23 Earnings Concall dated Feb. 09, 2023. Corporate Participants: V.S. Ganesh\u00a0--\u00a0Managing Director K. Chandrasekar\u00a0--\u00a0Chief Financial Officer Gagan Sehgal\u00a0--\u00a0Chief Operating Officer Rahul Shukla\u00a0--\u00a0Chief Retail Officer Analysts: Avi Mehta\u00a0--\u00a0Macquarie Research -- Analyst Varun Singh\u00a0--\u00a0ICICI Securities Limited -- Analyst Devanshu Bansal\u00a0--\u00a0Emkay Global Financial Services Ltd. -- Analyst Gaurav\u2026","rel":"","context":"In &quot;Earnings Call Transcripts&quot;","block_context":{"text":"Earnings Call Transcripts","link":"https:\/\/alphastreet.com\/india\/category\/transcripts\/"},"img":{"alt_text":"Earnings Conference Call Transcript","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2020\/09\/Transcript-thumbnail-e1657213425955.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2020\/09\/Transcript-thumbnail-e1657213425955.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2020\/09\/Transcript-thumbnail-e1657213425955.jpg?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":129466,"url":"https:\/\/alphastreet.com\/india\/welspun-india-ltd-q4-fy22-earnings-conference-call-insights\/","url_meta":{"origin":130244,"position":5},"title":"Welspun India Ltd Q4 FY22 Earnings Conference Call Insights","author":"Praveen","date":"May 11, 2022","format":false,"excerpt":"https:\/\/youtu.be\/S7c_NWMl4CE Key highlights from Welspun India Ltd (WELSPUNIND) Q4 FY22 Earnings Concall Q&A Highlights: Abhishek Nigam from B&K Securities asked about reason for revenue decline in Home Textile segment and utilization numbers also going down. Dipali Goenka CEO answered that there has been a complete glut in the whole logistics;\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":[]}],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/posts\/130244","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=130244"}],"version-history":[{"count":0,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/posts\/130244\/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=130244"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/categories?post=130244"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/tags?post=130244"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}