Page Industries shares decline 13% as earnings fail to impress investors; check Q2 numbers

The stock settled 12.91% lower at ₹31,850 apiece on the National Stock Exchange (NSE).

The company reported a 3.99% increase in its net profit to ₹203 crore in the September quarter of the current fiscal year, compared to ₹194.76 crore a year back.

Its revenue from operations rose 11.53% to ₹1,440 crore in Q2 FY27 as against ₹1,291 crore in the same period of the previous fiscal year.

Its operating profit or earnings before interest, taxes, depreciation, and amortisation (EBITDA) climbed 7.37% to ₹300 crore in the quarter under review from ₹280 crore in Q2 FY26. EBITDA margin was at 20.85% vs 21.65%.

Page Industries announces dividend; check record date

The company's Board of Directors declared the second interim dividend of ₹150 per share for the financial year 2026-27. The record date is November 18. The dividend will be paid on or before December 11.

VS Ganesh, Managing Director, Page Industries, said, "While raw material costs remained elevated, our profitability has remained within our planned range. With positive demand trends, strong brand momentum, an exciting pipeline of new product ranges and ongoing initiatives to improve operational efficiency, we look ahead with confidence."

On outlook, the company said that it expects a healthy lift in consumer demand as the festival season gets underway. "Trusted brands, a fresh line-up of products and a wider retail presence leave us well placed to capture this momentum," it said.

Page Industries, the exclusive licensee of JOCKEY International Inc. (USA), manufactures, distributes, and markets the JOCKEY brand in India, Sri Lanka, Nepal, Bangladesh, Oman, Maldives, Qatar, Bhutan, UAE, Saudi Arabia, Bahrain, and Kuwait. It is also the exclusive licensee of the Speedo brand in India.