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Informist, Thursday, May 21, 2026

 

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--Page Industries Jan-Mar net profit INR 1.79 bln 
--Analysts saw Page Industries Jan-Mar net profit at INR 1.68 bln 
--Page Industries Jan-Mar revenue INR 12.53 bln 
--Analysts saw Page Industries Jan-Mar revenue at INR 11.88 bln 
--Page Industries Jan-Mar net profit INR 1.79 bln vs INR 1.64 bln year ago 
--Page Industries Jan-Mar revenue INR 12.53 bln vs INR 10.98 bln year ago 
--Page Industries Q4 raw material cost INR 3.00 bln vs INR 2.69 bln yr ago 
--Page Industries to pay INR 150 per share interim dividend 
--Page Industries interim dividend record date May 27 
--Page Industries FY26 net profit INR 7.64 bln vs INR 7.29 bln year ago 
--Page Industries FY26 revenue INR 52.47 bln vs INR 49.35 bln yr ago 
--Page Industries Jan-Mar EBITDA INR 2.61 bln vs INR 2.35 bln year ago 
--Page Industries Jan-Mar EBITDA margin 20.8% vs 21.4% year ago 
--Page Industries Jan-Mar sales volume 54.5 mln pieces, up 10.8% on yr 
--Page Ind: Well positioned to manage rising input costs via pricing action 
--Page Ind: Well positioned to manage high input costs via sourcing methods 
 

 

By Shakshi Jain

 

NEW DELHI – Garment manufacturer and distributor Page Industries Ltd. Thursday reported a high single digit year-on-year growth in its net profit for the March quarter, helped by better sales volume. This growth lagged the rise in revenue as total expenses of the company rose slightly faster than the top line for the three months. However, both the top line and bottom line of the company surpassed analysts' consensus estimates for the reporting quarter.

 

The company reverted to year-on-year net profit growth in Jan-Mar after two quarters of decline. At the same time, its top line for the three months rose at the fastest year-on-year pace in 10 quarters. Revenue of the company declined for three straight quarters before that.

 

Page Industries reported a net profit of INR 1.79 billion for the March quarter, up 9% on year but down nearly 6% sequentially. Analysts had pegged the company's bottom line for the quarter at INR 1.68 billion. 

 

The company's revenue from operations rose over 14% on year and fell almost 10% sequentially to INR 12.53 billion for the reporting quarter. It surpassed the Street's estimate of INR 11.88 billion by a comfortable margin. The company sold 54.5 million pieces of apparel in Jan-Mar, reflecting volume growth of nearly 11% year-on-year.

 

"While inflationary pressures on key input costs, particularly cotton, continue to persist, we are well-positioned to manage these challenges through strategic sourcing initiatives, supply chain optimisation, operational efficiencies, and calibrated pricing actions," the company said.  

 

Page Industries' cost of materials consumed in the reporting quarter rose over 11% on year to INR 3 billion. The company's other expenses rose 8% on year to INR 2.43 billion and expenses tied to purchase of stock-in-trade grew over 50% on year to INR 3.11 billion. Overall, Page Industries' total expenses rose almost 15% on year to INR 10.32 billion in the March quarter.

 

The garment maker's earnings before interest, tax, depreciation, and amortisation for the quarter added up to INR 2.61 billion, up 10.7% on year. Its EBITDA margin for the quarter contracted 60 basis points on year to 20.8%.

 

Key input costs, led by cotton alongside other raw materials, continued to exert inflationary pressure throughout the quarter, as per the company. It, however, said that a combination of strategic sourcing, supply chain optimisation, operational efficiencies, and measured pricing interventions effectively contained this challenge.

 

According to the investor presentation, premiumisation gained further traction in the March quarter as consumers increasingly embraced value-added offerings and outerwear, lifting average selling prices, while targeted price adjustments in select styles ensured portfolio alignment.

 

Page Industries said its digital transformation journey is progressing steadily with purposeful investments in technology, analytics, and process integration spanning the entire value chain. "These efforts are strengthening organisational agility, sharpening decision-making, and laying the groundwork for scalable future growth.," it added.

 

For the full year 2025-26 (Apr-Mar), the company reported a net profit of INR 7.64 billion, up 4.8% on year. Its revenue from operations for the year rose over 6% on year to INR 52.47 billion. 

 

The company's board declared a fourth interim dividend of INR 150 per share for FY26. The record date fixed for the payment of the interim dividend is May 27. The date fixed for payment of the dividend is on or before Jun. 19.

 

At 1442 IST, shares of the company traded 1.2% higher at INR 38,745 on the National Stock Exchange.  End

 

IST, or Indian Standard Time, is five-and-a-half hours ahead of GMT

 

Edited by Avishek Dutta

 

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