Page Industries, which makes products under the Jockey brand, said its first quarter net profit rose 16 percent to 63.2 crore rupees compared with 54.3 crore rupees in the same quarter a year ago. Sales during April-June jumped an identical 16 percent to 446 crores versus 383.6 crores, the company said in a release to the exchanges.
Page Industries fell 50 rupees, or 0.3 percent, to 14,700 rupees on the National Stock Exchange where 31.700 shares shares changed hands compared with a 5-day average of 10,680 shares by noon.
Page Industries' market capitalisation has surged 87 percent in one year to 16,450 crore rupees as investors bought into a brand that has occupied mind space with young consumers.
Page trades at 42 times its book value of 351 rupees.
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