Page Industries has demonstrated strong operational performance in the first nine months of FY26, with EBITDA margin reaching 22.3%, significantly outperforming the company's full-year guidance range of 19-21%. This performance indicates improved operational efficiency and margin management capabilities.

Nine-Month Performance Exceeds Expectations

The company's EBITDA margin achievement of 22.3% for the nine-month period represents a notable outperformance against its own guidance. The company had provided full-year EBITDA margin guidance in the range of 19-21%, making the current performance particularly impressive as it exceeds even the upper end of this range.

Operational Efficiency Improvements

The strong EBITDA margin performance suggests that Page Industries has successfully implemented operational efficiency measures and cost management strategies. The margin achievement of 22.3% indicates the company's ability to maintain pricing power while managing input costs effectively during the nine-month period.

Guidance Performance Analysis

With nine months of FY26 already showing EBITDA margins at 22.3%, Page Industries appears well-positioned to potentially exceed its full-year guidance range of 19-21%. This outperformance demonstrates the company's operational resilience and effective margin management strategies throughout the reporting period.

Previous Quarter Context

The strong nine-month margin performance provides a positive context to the company's recent quarterly results, where it had reported Q3 revenue of ₹13.90 billion and EBITDA of ₹3.20 billion. The sustained margin performance across the nine-month period reinforces the company's operational capabilities and market positioning in the textile and apparel segment.

Page Industries Limited has announced the reconstitution of its Audit Committee with the addition of Mr. Dinesh Malkani as a new member. The company informed stock exchanges about this corporate governance development through an official communication dated 03 February 2026.

Board Approval and Regulatory Compliance

The Board of Directors approved Mr. Malkani's induction through a circular resolution, with the appointment taking effect from 01 February 2026. This announcement was made in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, which mandates disclosure of material events and corporate governance changes.

Reconstituted Committee Structure

Following the latest appointment, the Audit Committee has been restructured with four members effective 01 February 2026:

Corporate Governance Enhancement

The expansion of the Audit Committee reflects the company's commitment to strengthening its corporate governance framework. Audit committees play a crucial role in overseeing financial reporting processes, internal controls, and compliance with regulatory requirements. The addition of Mr. Malkani brings the committee membership to four, potentially enhancing the breadth of expertise and oversight capabilities.

The company secretary Murugesh C signed the official communication, which was addressed to both the Bombay Stock Exchange and the National Stock Exchange of India Limited, ensuring comprehensive disclosure to all relevant stakeholders and regulatory bodies.