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Informist, Thursday, Nov. 13, 2025

 

--Page Ind: Confident business would be better in H2 versus H1 

--CONTEXT: Comments by Page Industries' mgmt in post-earnings analyst call 

--Page Ind: Plan capital expenditure of INR 1.40 bln in FY26 

--Page Ind: Adding to workforce in several areas for capacity expansion 

 

By Shakshi Jain and Sagar Sen

 

MUMBAI/NEW DELHI – Page Industries Ltd. plans to incur capital expenditure of INR 1.40 billion for the financial year 2025-26 (Apr-Mar), a top company official told analysts and investors Thursday on a conference call. Of this, nearly 41%, or around INR 570 million, was spent in the first half of the year, the official added.

 

"So capex is largely towards completing the Odisha project and the KR Pete (Krishnarajpet) part two, that's what we call it. Odisha is largely done, but there are certain, some capex is left out, which we will be closing by the year-end," the management said.

 

The apparel manufacturer and distributor is confident of delivering better business growth in the second half of the year, the management said, without specifying the extent of improvement expected. "We saw a bit of a lull pre-festive (season), but since the start of the festive (season), it has been more or less consistent. It has not gone down to a null after festive (season)," a company official said.

 

In the first six months of FY26, the company recorded near-10% year-on-year growth in net profit at INR 3.96 billion. Its revenue for the period was INR 26.07 billion, up 3.3% on year.

 

The company plans to launch the JKY Groove winter clothing line of the Jockey brand in the next two weeks, backed by a campaign. It is targeting 150-200 exclusive brand outlets alongside the e-commerce channel for the line.

 

The company is building up inventory in anticipation of a better second half. It is also expanding capacity and adding to its workforce across areas such as sales, manufacturing, and product management. This contributed to a near-21% year-on-year uptick in its employee benefit expenses in the September quarter.

 

"As regards marketing expenses, you know, for the year, we generally maintain a 4-4.5% budget. And we are well within that," the management said.

 

Thursday, shares of the company ended 2.8% lower on the National Stock Exchange at INR 39,585. The stock fell around 2.3?ter Page Industries announced its September quarter results.  End

 

Edited by Rajeev Pai

 

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