Finding volume comfort may be tough for Page Industries; analysts worried

While volumes fall 2% in Q1, analysts are worried about rising competitive intensity

Page Industries has disappointed on the volume front for the second consecutive quarter. After a meagre 1 per cent volume growth in the March quarter, the Indian maker of Jockey innerwear reported 2.4 per cent year-on-year fall in the overall volumes in Q1. 

The weaker volume offtake can be attributed to the overall consumption slowdown weighing on customer footfalls, which also continued after the June quarter, according to the management.

The consumption slowdown was visible across the industry, with players such as Dollar, Rupa, and Lux among those reporting mid-single-digit revenue growth.  

However, what is more worrisome in case