Page Industries fell 3.7% to Rs 44,060 on muted demand concerns, despite a Q1 profit beat and a mixed brokerage outlook.

• Brokerages highlight weak volume growth, festive shift, and low offline footfall impacting short-term demand trends.
• Macquarie flags margin risks, while Goldman Sachs sees potential upside with easing competition and demand recovery.
• Stock down 7.2% YTD; median target price at Rs 46,385, consensus rating remains “hold.”