Page Industries Reports 3.6% Revenue Growth in Q2, Declares ₹125 Interim Dividend

Page Industries Limited , the exclusive licensee of Jockey in India and other countries, has announced its financial results for the second quarter of fiscal year 2026, along with an interim dividend declaration.

Q2 FY2026 Financial Highlights

Page Industries reported a moderate growth in its Q2 FY2026 results:

Metric	Q2 FY2026	Q2 FY2025	YoY Change
Revenue	₹1,290.86 crore	₹1,246.27 crore	+3.6%
EBITDA	₹279.50 crore	₹281.50 crore	-0.7%
EBITDA Margin	21.65%	22.58%	-93 bps
Net Profit	₹194.76 crore	₹195.26 crore	-0.3%

The company's revenue showed a 3.6% year-over-year growth, reaching ₹1,290.86 crore in Q2 FY2026. However, the EBITDA remained nearly flat at ₹279.50 crore, with a slight decline in the EBITDA margin from 22.58% to 21.65%. Net profit for the quarter stood at ₹194.76 crore, marginally lower than the ₹195.26 crore reported in the same quarter last year.

Interim Dividend Declaration

The Board of Directors has declared an interim dividend of ₹125 per equity share for the financial year ending March 31, 2026. This follows an earlier interim dividend of ₹150 per share declared on August 7, 2025.

Management Commentary

V.S. Ganesh, Managing Director of Page Industries Limited, commented on the results: "Our continued focus on operational efficiency and cost optimisation measures while investing in product innovation and distribution expansion has contributed to strong operating margins. While revenue growth was moderate this quarter, we are well positioned to capitalise on the improvement in demand in the coming months."

Business Outlook

Page Industries remains optimistic about future growth prospects. The company highlighted several positive factors that may contribute to improved consumption:

Implementation of GST 2.0
Reduced lending rates
Rapid growth in e-commerce, including quick commerce in metros and expansion in other cities
Strong leadership position in modern retail

The company also noted an encouraging initial response to its new product line featuring bonded technology in men's innerwear and bras, launched in September 2025.

Operational Highlights

Sales volume growth was 2.5% year-over-year, amounting to 56.6 million pieces in Q2 FY2026.
The company maintains a strong distribution network with presence in 2,725 cities and towns, available in 110,636 Multi Brand Outlets and 1,527 Exclusive Brand Stores.
Page Industries continues to focus on expanding its market reach and product innovation to drive growth.

As Page Industries navigates through a period of moderate growth, the company's focus on operational efficiency and strategic initiatives may help in capitalizing on future market opportunities. Investors and market observers will likely keep a close watch on how these efforts translate into performance in the coming quarters.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-2.79%	-0.44%	-3.47%	-14.83%	-13.68%	+80.56%

Page Industries Limited , the exclusive licensee of Jockey International Inc. (USA) in India and other select markets, has announced robust financial results for the first quarter, demonstrating strong growth and operational efficiency.

Financial Highlights

Metric	Value	YoY Change
Revenue	Rs 13,166.00 million	+3.1%
EBITDA	Rs 2,947.00 million	+21.1%
EBITDA Margin	22.4%	+3.4 percentage points
Profit After Tax (PAT)	Rs 2,008.00 million	+21.5%
Sales Volume	58.6 million pieces	+1.9%

Dividend Declaration

The Board of Directors has declared a first interim dividend of Rs 150.00 per equity share. The record date for the dividend is set for August 13, with the payment to be made on or before September 5.

Management Commentary

V.S. Ganesh, Managing Director of Page Industries Limited, expressed satisfaction with the company's performance, stating, "I am happy to share that we have achieved PAT growth of 21.5% in the quarter. We continue to expand our consumer reach, pursue several product innovation and process automation initiatives while focusing on optimum market investments and cost efficiency measures."

Operational Highlights

New Product Launch: The company introduced the JKY Groove product range, targeting younger consumers. The initial response has been encouraging.
Manufacturing Expansion: Commercial production has commenced at the new state-of-the-art manufacturing facility in Odisha.
Digital Transformation: Page Industries is progressing with the implementation of a modern Distribution Management System through Salesforce and is on track for full deployment. The migration to SAP S4 HANA is also advancing as planned.
Online Business: The company's e-commerce segment continues to deliver robust growth.

Market Outlook

Despite subdued consumption patterns affecting tertiary sales growth in the quarter, Page Industries remains optimistic about demand recovery in the coming quarters. The company cites positive interventions to boost consumption, including low inflation, lower borrowing rates, and direct tax rate rationalization, which are expected to strengthen consumer buying power.

About Page Industries Limited

Page Industries is the exclusive licensee of JOCKEY International Inc. (USA) for manufacture, distribution, and marketing of the JOCKEY® brand in India and select international markets. The company is also the exclusive licensee of Speedo International Ltd. for the Indian market. With a strong distribution network spanning 2,715 cities and towns, Page Industries' products are available in over 110,000 multi-brand outlets and 1,490 exclusive brand stores across India.

The company continues to focus on expanding its product range, enhancing its distribution network, and implementing digital initiatives to drive growth and maintain its market leadership in the premium innerwear and leisure wear categories.