Page Industries reported a 14.1% year-on-year increase in revenue to ₹12,526 million for the quarter ended March 31, 2026, driven by volume-led growth and premiumization. Profit after tax for Q4FY26 rose by 9% to ₹1,787 million, while EBITDA grew by 10.7% to ₹2,605 million, maintaining a margin of 20.8%. The company attributed the performance to improved consumer sentiment, strategic initiatives, and a calibrated price increase of 2% in select styles effective from mid-January.

Financial Performance

The company witnessed strong sales volume growth, with pieces sold increasing by 10.8% year-on-year to 54.5 million in Q4FY26. Management noted that the delta between volume and value performance was largely a reflection of product mix and premiumization rather than price hikes. For the full fiscal year FY26, revenue grew by 6.3% to ₹52,468 million, and PAT increased by 4.8% to ₹7,638 million. Annual sales volume reached 228.4 million pieces, a 3.9% increase over the previous year.

Operational Highlights

Page Industries expanded its distribution network, which stood at approximately 116,600 multi-brand outlets, 1,615 exclusive brand stores, and 893 large-format stores. The company continues to lead across e-commerce platforms, with the channel contributing 15% to the total top line. Management highlighted a reduction in competitive intensity, particularly in the offline space, which has supported market share gains. The company also noted that inventory days increased to 73 by the end of Q4FY26 from 64 at the beginning of the year, a conscious decision to hedge against anticipated raw material price increases.

Outlook and Guidance

Looking ahead, the company maintained its EBITDA margin guidance range of 19% to 21% for the coming year, citing potential inflationary pressures on input costs and a planned increase in marketing expenditure to approximately 5% of sales. Management expressed confidence in sustaining double-digit volume growth momentum. Additionally, the company expects to realize subsidies ranging from ₹40 crores to ₹50 crores in FY27 from its Odisha facility, covering wage, power, and capital investment-related incentives.

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Page Industries has announced its audited financial results for the year ended March 31, 2026, recording a net profit of ₹7,638 million. This represents a growth of 4.8% compared to ₹7,291 million in the previous fiscal year. Revenue from operations for the year stood at ₹52,468 million, up from ₹49,349 million in FY25. The company's EBITDA for FY26 rose to ₹11,529 million, an increase of 8.5% from ₹10,626 million in the prior year.

Annual Financial Performance

Profit before tax for the year was ₹10,253 million, an increase from ₹9,786 million in FY25. The board has declared a fourth interim dividend of ₹150 per share for the financial year 2025-26. The following table summarises the key financial metrics for the year:

Operational Highlights

For the quarter ended March 31, 2026, the company reported a net profit of ₹1,787 million, up from ₹1,640 million in the corresponding quarter of the previous year. Revenue from operations for Q4 FY26 was ₹12,526 million, a 14.1% increase compared to ₹10,981 million in Q4 FY25. EBITDA for the quarter stood at ₹2,605 million, growing 10.7% YoY. The company recognized an exceptional item of ₹350 million during the year related to the New Labour Codes.

Dividend Declaration

The Board of Directors at its meeting held on May 21, 2026, declared a fourth interim dividend of ₹150 per equity share. The record date for the payment of this dividend is fixed for May 27, 2026, with the payment scheduled on or before June 19, 2026. This follows previous interim dividends of ₹150, ₹125, and ₹125 per share declared earlier in the financial year.