Financial Performance Summary

Page Industries Limited reported financial results for the year ended March 31, 2026 with revenue of ₹52,468 million (6.3% YoY growth) and PAT of ₹7,638 million (4.8% YoY growth). Profit Before Tax stood at ₹10,253 million with basic EPS of ₹684.81. The company incurred an exceptional expense of ₹350.04 million due to implementation of new labor codes (Payment of Bonus Amendment Act, 2015 and Code on Social Security, 2020), including past service costs for gratuity obligations and compensated absences.

Dividend Declaration & Capital Distribution

During FY26, the company declared four interim dividends totaling ₹6,692 million: ₹150 per share (August 2025), ₹125 per share (November 2025), ₹125 per share (February 2026), and ₹150 per share (May 2026). Significant dividend payments were made to promoters and KMPs, including ₹956.56 million to Ramesh Genomal and ₹751.37 million to Sunder Genomal.

Operational Highlights & Expansion

Manufacturing capacity reached 280 million pieces/year across 16 units with production of over 229 million units. Retail presence includes 1,579 Jockey Exclusive Brand Stores in India and 36 Speedo stores. The company expanded with new facilities in K.R. Pete, Karnataka and Cuttack, Odisha, with Phase 2 expansion scheduled for Q2 FY27 and a new Odisha-Khordha facility planned for FY2028-29. The workforce maintained 90% women representation across operations.

Tax Matters & Disputes

The company has various tax disputes under appeal totaling approximately ₹297 million, including ₹200.76 million for AY 2018-19 (Income Tax), ₹168.71 million GST provision for input tax credit disallowance, and various central excise and customs disputes. Contingent liabilities include ₹1,122.92 million in claims not acknowledged as debts.

Corporate Governance & Auditor Transition

M/s. S.R. Batliboi & Associates LLP completed their 10-year term as statutory auditors. The board recommends appointment of M/s. Walker Chandiok & Co LLP as Statutory Auditors from the 31st AGM until 2031. Several board changes occurred during the year with multiple independent director resignations and new appointments including Suresh Prabhala and Dinesh Malkani as Independent Directors.

CSR & Sustainability Initiatives

CSR spending reached ₹183.12 million focusing on education (PAGE Scholarship Program supporting 4,025 students) and healthcare initiatives. Unspent CSR amount of ₹77.94 million was transferred to a separate account. Sustainability achievements include 29% renewable energy consumption (targeting 50% by FY27-28), 17% reduction in water intensity, and 42% reduction in Scope 1+2 GHG emissions.

AGM Details & Corporate Calendar

The 31st Annual General Meeting is scheduled for 13 August 2026 at 11:30 AM through video conferencing, with record date of 6 August 2026. Agenda includes adoption of financial statements, director appointments, and auditor appointment.