ICICI Prudential Mutual Fund has disclosed a substantial acquisition of shares in page industries Ltd, increasing its shareholding to 7.09% from the previous holding of 5.07%. The acquisition triggered mandatory disclosure requirements under SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.

Acquisition Details

The fund acquired 2,24,878 shares of Page Industries during the period from December 04, 2025 to March 02, 2026 through open market transactions. This net acquisition represents a 2.02% increase in the company's paid-up capital, crossing the 2% threshold that mandates regulatory disclosure.

Company Share Capital Structure

Page Industries' equity share capital remains unchanged at ₹ 11,15,38,740, comprising 1,11,53,874 shares with a face value of ₹10 each. The company's shares are listed on both BSE Limited and National Stock Exchange of India Limited.

Investment Perspective

ICICI Prudential Mutual Fund emphasized that the shareholding increase is purely from an investment perspective across its various schemes and investment strategies. The fund clarified that the acquisition is not aimed at seeking any controlling interest in Page Industries.

Regulatory Compliance

The disclosure was made by Rakesh Shetty, Chief Compliance Officer & Company Secretary of ICICI Prudential Asset Management Company Limited, in compliance with Regulation 29(2) of SEBI Takeover Regulations. The fund does not belong to the promoter or promoter group of Page Industries and holds no encumbrances, voting rights through other instruments, or convertible securities in the company.

Page Industries Limited announced its unaudited financial results for the quarter ended December 31, 2025, demonstrating solid operational performance. The company's Board of Directors approved the results at their meeting held on February 5, 2026, and simultaneously declared the third interim dividend for the financial year 2025-26. Additionally, the company has made available the complete earnings call transcript and audio recording under Regulation 30 compliance.

Financial Performance Overview

The company reported comprehensive financial metrics for the third quarter of FY26, showing year-over-year growth in key areas:

Nine-Month Performance Comparison

For the nine months ended December 31, 2025, Page Industries demonstrated strong cumulative performance:

Management Commentary from Earnings Call

During the earnings call, Managing Director V.S. Ganesh highlighted the company's resilience amid selective consumer demand. "While consumer demand remains selective across categories, our business demonstrated resilience. With stable input costs, tight controls over operating expenses, and a sustained focus on operational efficiencies, we enabled healthy operating margins and protected profitability," he stated.

Chief Executive Officer Karthik Yathindra discussed growth prospects, noting that "the potential for double-digit growth is available" despite current market challenges. He emphasized the company's low market penetration and expansion opportunities across traditional and new channels.

Exceptional Items Impact

The company reported exceptional items of ₹3,500.42 lakhs during Q3 FY26, primarily related to the implementation of New Labour Codes. The Government of India consolidated 29 existing labour legislations into four unified labour codes, effective from November 21, 2025. Page Industries assessed the implications and recognized incremental costs of ₹3,408.90 lakhs towards employee benefit expenses and ₹91.52 lakhs towards other expenses.

Dividend Declaration Details

The Board of Directors declared significant dividend distributions for FY 2025-26:

Distribution Network Expansion

The company continued its distribution expansion strategy, with the network standing at 1,13,600 multi-brand outlets, 1,556 exclusive brand stores, and 1,778 large format stores. Management highlighted strong growth in e-commerce channels and expansion of the JKYO Groove collection to 150 exclusive brand stores in Q3, with plans to reach 500 stores by April 2026.

Operational Highlights

Page Industries maintained its focus on manufacturing, distribution, and marketing of garments under the Jockey brand. The company operates as a single business segment with no subsidiary, associate, or joint venture companies as of December 31, 2025. Current outsourcing stands at 36%, providing cost benefits while maintaining quality standards.

Earnings Call Accessibility

The complete earnings call transcript and audio recording are now available for investor reference. The audio recording can be accessed through the company's official YouTube link, ensuring transparency and comprehensive information dissemination to stakeholders.

Source: Company earnings call transcript and financial results announcement