Page Industries slips 8% on disappointing December quarter results

Shares of interior use maker Page Industries slipped eight for each cent to Rs 21,650 on the BSE on Friday right after the business reported a sharp 500 foundation details decline in running gain margins in December quarter (Q3FY20), thanks to increased expenses.

Page Industries is engaged in the manufacturing, distribution, and internet marketing of innerwear athleisure sleepwear and swimwear for adult males, women, and little ones. It is the unique licensee of Jockey International for manufacture, distribution, and internet marketing of the JOCKEY brand in India.

In Q3FY20, the earnings right before curiosity, tax, depreciation, and amortisation (Ebitda) margin declined to 17 for each cent from 22 for each cent in Q3FY19. Internet gain was down by fourteen.six for each cent yr-on-yr (YoY) at Rs 87 crore from Rs 102 crore in the corresponding quarter of preceding fiscal.

The business stated that a non permanent dip in gain right

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