Consumption trends in India’s equity markets continue to show a mixed but gradually improving picture, with investors increasingly becoming selective across consumer-facing sectors. While quick service restaurants (QSR) continue to face pressure, premium retail and select FMCG-linked businesses are showing stronger resilience and visibility.
Speaking to ET Now, market expert Rahul Shah from MOFSL said that Page Industries stands out as one of the strongest recovery stories within the consumer space. He highlighted improving growth momentum and positive management commentary, pointing out that “strong performance, upbeat on the sales part, 11% quarter-on-quarter growth, and we believe that after a long time we have seen this kind of growth coming back in Page.” He also noted that earnings estimates have been revised upward and that the company’s product expansion through digital platforms and retail channels is supporting visibility. According to him, Page Industries offers rare double-digit growth visibility in a volatile market and remains reasonably valued given its long-term growth outlook.
