Page Industries Faces Sales Growth Cut as Jockey Brand Struggles in Weak Market

Page Industries is experiencing significant challenges in its domestic market, with brokers cutting the company's sales growth projections due to deteriorating conditions for its flagship Jockey brand.

Broker Downgrades Sales Forecast

Brokers have revised their sales growth expectations for Page Industries, cutting the Q3FY26E sales growth forecast significantly. The following table shows the revised projections:

Metric:	Previous Forecast	Revised Forecast	Change
Q3FY26E Sales Growth:	5%	3%	-2 percentage points

Challenging Operating Environment

The company's Jockey brand is encountering severe headwinds in the current domestic market landscape. The operating environment has been characterized as much weaker than anticipated, creating substantial pressure on the company's performance in the apparel and innerwear segment.

Downside Risks Persist

Despite the downward revision in sales growth expectations, analysts warn that downside risks remain for Page Industries. The challenging market conditions suggest that further deterioration in performance cannot be ruled out, indicating ongoing uncertainty for the premium innerwear and apparel manufacturer.

The company, known for its premium positioning in the innerwear market, continues to navigate through this difficult period as domestic market conditions remain unfavorable for its core Jockey brand operations.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-1.74%	-3.55%	-7.18%	-28.92%	-28.78%	+21.27%

Page Industries witnessed a significant block trade on the National Stock Exchange (NSE), with institutional investors transacting shares worth ₹15.96 crores. The large-scale transaction highlights continued investor interest in one of India's leading apparel manufacturers.

Block Trade Details

The NSE block trade involved substantial volume and value, demonstrating institutional participation in Page Industries' stock.

Parameter:	Details
Total Transaction Value:	₹15.96 crores
Number of Shares:	~4,477 shares
Price Per Share:	₹35,650.00
Exchange:	National Stock Exchange (NSE)

Market Significance

Block trades represent off-market transactions typically executed between institutional investors, mutual funds, or other large stakeholders. These transactions are conducted at predetermined prices and volumes, often indicating strategic positioning by institutional players.

The execution price of ₹35,650.00 per share reflects the premium valuation that Page Industries commands in the textile and apparel sector. Such large-value transactions often signal confidence among institutional investors regarding the company's business prospects and market position.

About the Transaction

The block trade mechanism allows large investors to execute substantial transactions without impacting the regular market price discovery process. This particular transaction involving approximately 4,477 shares represents a significant institutional movement in Page Industries' stock, which operates in the readymade garments and apparels sector.