Page Industries Limited has informed the Exchange about Transcript
PAGEIND · price
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Page Industries reported Q1 FY26 revenue of Rs. 13,156 million, up 3.1% year-on-year, with sales volume of 58.6 million pieces (up 1.9%). EBITDA grew 21.1% to Rs. 2,947 million at a 22.4% margin, and profit after tax rose 21.5% to Rs. 2,008 million despite weak consumption and no price hike. Management highlighted a month-on-month recovery from April to June, with online channels significantly outperforming offline. The company commenced operations at its new Odisha plant, launched the JKY Groove youth fashion range (piloted in 52 exclusive stores and jockey.in), and expanded its network to 110,400+ multi-brand outlets, 1,490 exclusive brand stores, and 1,296 large-format outlets. Inventory days improved to 56 from 64, and working capital reduced to 48 days.
Management retained its 19-21% EBITDA margin guidance and explicitly indicated the current 22.4% level is not sustainable, as marketing spend normalizes to 4-5% and IT investments step up — signaling margin pressure ahead. Volume growth of 1.9% lags the company's double-digit aspiration, but tight cost control delivered healthy profit growth. Shareholders should expect a margin reset to the guided range as new plant ramp-ups, technology, and brand investments are funded.