Page Industries Q1 Results: Profit Rises 22%

Apparel manufacturer Page Industries Ltd has reported a 21.52% increase in its net profit to Rs 200.79 crore for the June quarter of FY26, helped by volume growth, supply chain efficiency and cost optimisation.

The company had posted a net profit of Rs 165.22 crore during the April-June period a year ago, according to a filing from Page Industries Ltd on Thursday.

Revenue from operations increased 3% to Rs 1,316.56 crore in the June quarter of this fiscal year, against the Rs 1,277.51 crore in the corresponding period a year ago.

Page Industries, which is the exclusive licensee of JOCKEY International Inc for India, Sri Lanka, Bangladesh, Nepal, Oman, Qatar, Maldives, Bhutan and UAE, in its earnings statement said in the June quarter, its "Sales volume growth was 1.9% YoY, amounting to 58.6 million pieces." Its EBITDA growth was 21.1% YoY, amounting to Rs 294 crore, it said.

Total expenses of Page Industries were at Rs 1,061.15 crore, marginally down in the June quarter.

Page Industries' total income, which includes other income and finance income, was at Rs 1,331.36 crore, up 3.17% in the June quarter.

Commenting on the results, Managing Director V S Ganesh said: "We have achieved PAT growth of 21.5% in the quarter. We continue to expand our consumer reach, pursue several product innovations and process automation initiatives while focusing on optimum market investments and cost efficiency measures." Over the outlook, the company said with positive interventions to ramp up consumption, it is 'confident of demand recovery' in the coming quarters.

"With all-time low inflation, lower borrowing rates and direct tax rates rationalisation, higher liquidity will strengthen consumers’ buying ability. Deeper adoption of e-commerce will also significantly aid in expanding the organised retail ecosystem. We have also expanded our product range through JKY Groove to meet the latest trends of our younger consumers," it said.

Meanwhile, in a separate filing, the company, which is also the exclusive licensee of Speedo International, informed its board at its meeting held on Thursday, has declared the first Interim Dividend of FY 2025-26 of Rs 150/- per equity share.

Shares of Page Industries on Friday were trading at Rs 44,990.65 per scrip on BSE, down 1.61% from the previous close.