Stock Review: PAGE INDUSTRIES

Page Industries, which holds exclusive licence to manufacture and market Jockie brand of innerwear in India, has been one of the biggest beneficiaries of the growing consumerism and changing taste of Indian consumers. Its sales and profits have grown by over 33% in the past three years when compounded annually. It has grown its presence through multi-format retail stores across major cities in India. The company's stock price has more than trebled since its listing in 2007, currently valued at P/E of over 33. Page's higher stock valuation reflects its better margins and stronger growth.