Shares of Page Industries hit a fresh 52-week high of Rs 32,372, as the stock rallied 7 per cent on the BSE in Wednesday's session following a strong performance by the company in the December quarter.
The company reported a 77 per cent year-on-year (YoY) growth in profit after tax (PAT) of Rs 153.7 crore on the back of healthy operational performance. The stock has risen 12 per cent in the past two trading days. Jockey is the company’s flagship brand and a market leader in the premium innerwear and leisurewear category.
In Q3FY21, the company’s earnings before interest, taxes, depreciation, and amortisation (EBITDA) margin improved by 700 basis points (bps) to 24 per cent on cost optimisation efforts and reduced operating costs.