Demand pressures may hit near-term realisations of Page Industries

This report has been updated

The stock of Page Industries is down about 11 per cent since the start of the year on worries that weak demand, higher competitive pressures, and lack of pricing power could put pressure on realisations going ahead. While some brokerages have retained a reduce or sell rating given demand pressures, others believe that the company will witness a gradual volume recovery aided by growth drivers and a strong distribution reach.

The December quarter performance was impacted by the weak showing in the athleisure category. While a 4.6 per cent volume growth helped the company’s