Page Industries Ltd (GREY:PGDQY)

$ 0 0 (0%) Market Cap: - Enterprise Value: 3.84 Bil PE Ratio: 73.52 PB Ratio: 25.92 GF Score: 82/100

Q1 2020 Page Industries Ltd Earnings Call Transcript

Aug 08, 2019 / 11:00AM GMT

Transcript

Vedji Ticku

Page Industries Ltd. - CEO

This is Vedji here. I will just give you a quick update on the quarter one of 2019. Our revenues grew by around 1.86% and volumes had a slowdown by around 2.4%. Q1 is, of course, below our expectations and it's not much which has actually changed between our last earnings call and this one.

This was also driven from the slower growth across industries, including automobile, FMCG, and several other industries. We are optimistic and confident that once things start shaping up, we are in the right position to take the full advantage of the situation.

As I said earlier, Q1 has been below our expectations. We continue to aim for a stronger volume growth for the rest of the year. Based on our estimates, which I said even earlier in my last earnings call, the target market of 130 million consumers, we have a market penetration of around 19% to 20% in the men's premium innerwear and about 5% to 6% in the women's business. And only 6% to 8% in our athleisure business.

The good news is that the premium market is still growing at a double-digit

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