Page Industries Limited share price
NSE: PAGEIND · BSE: 532827 · ISIN INE761H01022
Key numbers
- Market cap
- ₹ 42,045 Cr
- Current price
- ₹ 37,695.00
- 52-week high / low
- ₹ 43,855 / 29,805
- Stock P/E
- 55.5
- Book value
- ₹ 1,347.2
- Dividend yield
- 2.12%
- ROCE
- 62.3%
- ROE
- 52.5%
- Debt to equity
- 0.18
- Sales growth (3 yrs)
- 3.8%
- Profit growth (3 yrs)
- 10.2%
- 1-year return
- -13.2%
About Page Industries Limited
Page Industries Limited manufactures, markets, and distributes textile garments and clothing accessories for men, women, and kids in India and internationally. It offers vests, briefs, boxer briefs, trunks, inner boxers, tank tops, t-shirts, polos, oversized T-shirts, knit shirts, henleys, sweatshirts, jackets, hoodies, windcheater, boxer shorts, shorts, bermudas, joggers, track pants, pyjamas, pants, bras, panties, crop tops, camisoles, kurta slips, shrugs, sleep dresses, skirts, shorts, capris, culottes, leggings, shapewears, sets, caps, handkerchief, and masks; face, hand, bath, and gym towels; calf, ankle, knee, low show, and no show socks; and thermals under the Jockey brand. The company also has license with swim wear Speedo brand. Page Industries Limited was incorporated in 1994 and is headquartered in Bengaluru, India.
Quarterly results
Consolidated figures in ₹ crores
| Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|
| Sales | 1,317 | 1,291 | 1,387 | 1,253 | 1,420 |
| Operating profit | 295 | 280 | 318 | 261 | 289 |
| Net profit | 201 | 195 | 190 | 179 | 193 |
| EPS (₹) | 180.02 | 174.62 | 169.93 | 160.24 | 172.86 |
Concall summary (2026-08-19)
AI summary of the earnings call transcript · tone: Positive · source document
Guidance & outlook
- EBITDA margin was 20.3%, while EBITDA margin was within our planned range of 19% to 21%, a stronger EBITDA margin of 22.4% in Q1 FY26 due to the stable input cost then resulted in the decline in EBITDA in the current quarter.
- And with that, our annual outlook on EBITDA margin will still be within this 19% to 21%.
Growth & demand
- The underlying demand and volume momentum therefore remained better than what was reported as revenue growth.
- Financially, revenue grew by 7.9% during the quarter, and profit after tax declined by 4%, reflecting the combined impact of input cost pressure and the temporary constraints on converting underlying volume into billings.
Margins & costs
- As regards pricing, we remain calibrated and chose to absorb part of the input cost increase, balancing margin protection with consumer value and competitiveness.
- EBITDA for the period was INR2,890 million, which has declined by 1.9% year-on-year.
Capex & expansion
- We see multiple growth opportunities from volume recovery, new products, premiumization, retail and e-commerce expansion, and through improving our supply chain and manufacturing efficiencies.
- I have seen your annual report and in that the ad spends, selling and distribution expenses are down 5% in FY ‘26, and I believe this also includes the commissions that are paid to the third-party e-commerce channels.
Balance sheet & cash
- Inventory days was 66 in the end of quarter one, as against 73 days in the beginning of the quarter.
- Net working capital, days was around 54 days as against 56 days in the beginning of the quarter.
Peers in Apparel Manufacturing
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