Page Industries Limited, the exclusive licensee of JOCKEY and Speedo brands in multiple countries, announced its financial results for the quarter and half year ended 30 September 2026 through a regulatory filing to BSE and NSE.

Financial Performance Q2 FY27

  • Revenue: ₹14,396 million, growing 11.5% year-over-year (YoY)
  • Sales Volume: 59.7 million pieces, growing 5.5% YoY
  • EBITDA: ₹3,001 million, growing 7.4% YoY, with a margin of 20.8%
  • Profit Before Tax (PBT): ₹2,710 million, growing 3.8% YoY, with a margin of 18.8%
  • Profit After Tax (PAT): ₹2,025 million, growing 4.0% YoY, with a margin of 14.1%

Financial Performance H1 FY27

  • Revenue: ₹28,601 million, growing 9.7% YoY
  • Sales Volume: 121.7 million pieces, growing 5.6% YoY
  • EBITDA: ₹5,891 million, growing 2.6% YoY, with a margin of 20.6%
  • PBT: ₹5,295 million, declining 0.3% YoY, with a margin of 18.5%
  • PAT: ₹3,954 million, declining 0.1% YoY, with a margin of 13.8%

Management Commentary

Managing Director V.S. Ganesh attributed the double-digit revenue growth to healthy volume growth, premiumization, and strong consumer response to new launches. While raw material costs remained elevated, profitability stayed within the planned range. The company expects healthy consumer demand during the upcoming festive season, supported by trusted brands, new products, and wider retail presence.

Operational and Strategic Updates

  • Retail Network: The distribution covers 2,722 cities/towns through 1,14,591 multi-brand outlets, 1,626 exclusive brand stores (including 25 for women, 32 for juniors, 37 factory outlets), and 921 large format stores with 1,397 points of sale.
  • New Launches: Successful introduction of Disney and Marvel collections.
  • Digital Reach: Strong social media presence with 18,91,706 followers on main platforms and 3,82,000 on others.
  • Manufacturing: 16 units across Karnataka, Tamil Nadu, and Odisha with total capacity of 280 million pieces and 64% in-house manufacturing. Employs 22,196 people, with 84% women.
  • Transformation Initiatives: S/4HANA rollout planned for Q4 go-live, Distribution Management System scaling, cyber security, and HR transformation programs underway.
  • Sustainability: Achieved 33% renewable energy consumption, reduced GHG emission intensity by 42% from FY20 baseline, and targets 50% renewable energy by FY28. Zero waste to landfill and 100% recycling of plastic waste (1,308 MT).

Outlook

Positive demand trends, strong brand momentum, new product pipeline, and operational efficiency initiatives support confidence in future performance. The company will continue balancing margin protection with consumer value.

Shareholding Pattern (as of September 2026)

  • Promoters: 42.89%
  • FPI: 18.79%
  • Mutual Funds: 22.79%
  • Insurance Companies and Other DIIs: 6.55%
  • Others (incl. SWF, pension funds): 8.98%
  • Market Capitalization: Approximately ₹406 billion