Wednesday, November 11, 2026

Page Industries Q2 Results: Stock falls on subdued operating performance; ₹125 dividend declared

Date:

Shares of Page Industries Ltd. the manufacturer of innerwear and exclusive licensee of Jockey International in India, Sri Lanka, Nepal, Bhutan, UAE, Oman, Qatar, Maldives and Bhutan, fell from the highs of the day in response to the September quarter results that the company reported its September quarter results.The company’s net profit remained flat from last year at ₹195 crore.

Revenue for the quarter increased by 3.6% from last year to ₹1,291 crore from ₹1,246.3 crore. Earnings Before Interest, Tax, Depreciation and Amortisation (EBITDA) for the quarter also remained flat, declining 0.7% from last year to ₹279.6 crore.

EBITDA margin for the quarter narrowed by 100 basis points to 21.6% from 22.6% last year.
In its post earnings release, Page Industries highlighted that its sales volumes grew by 2.5% from last year to 56.6 million pieces. It said that revenue growth was moderate during the quarter but the company is well positioned to capitalize on the improvement in demand in the coming months.”We continue to have leadership position in modern retail. Early response to innovative product line of bonded tech has been very encouraging,” the company statement stated.

The company’s board has also approved its second interim dividend of ₹125 per share. Page Industries had earlier approved its first interim dividend of ₹150 per share.

Record date for the same has been fixed as November 19, 2025. This dividend will be paid to shareholders on or before December 12, 2025.

Shares of Page Industries are down 3.5% after the earnings announcement at ₹39,315. The stock is down 16% so far in 2025.

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