Motilal Oswal is recommending a buy on Page Industries shares, setting a target price of ₹40,000.
The call follows the company's latest results: revenue grew 11.5% and volumes were up 5.5%, though both missed estimates after distributors held off on festive season orders in September 2026.
Still, management says they're confident about double-digit volume growth guidance for FY27, driven by festive stocking, new launches, and marketing initiatives.
Page Industries raised prices 2.5%
To deal with rising costs, Page Industries has tightened up sourcing and supply chains and raised prices by 2.5% in May.
They're also betting on new launches and marketing initiatives to keep volumes growing fast.
Motilal Oswal projects strong long-term gains for the stock, expecting a 12% revenue CAGR through fiscal 2029.