Page Industries Struggles With High Expectations

Growth at India’s licensee for Jockey inner-wear has slowed from earlier highs, but the stock continues to be valued high due to the promise it holds.

Also, FY’16 earnings growth of nearly 19% remained reasonable if not up to Page Industries' earlier standards.

The slowdown is attributed to various factors, including a larger base of revenue, a larger base of branded market-share, and availability of imported Jockey products over certain e-commerce channels.

https://www.seasonalmagazine.com/2016/07/page-industries-struggles-with-high.html