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Page Industries Results: Latest Quarterly Results & Analysis

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Page Industries Ltd. 13 Nov 2025 14:55 PM
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Q2FY26 Quarterly Result Announced for Page Industries Ltd.

Apparels & Accessories company Page Industries announced Q2FY26 results

  • Sales volume growth was 2.5% YoY, amounting to 56.6 million pieces.
  • Revenue was Rs 12,909 million, growth of 3.6% YoY.
  • EBITDA was Rs Rs 2,795 million, a decline of 0.7% YoY.
  • Profit After Tax (PAT) was Rs 1,948 million with a decline of 0.3% YoY.

V.S. Ganesh, Managing Director, Page Industries, said: “Our continued focus on operational efficiency and cost optimisation measures while investing in product innovation and distribution expansion has contributed to strong operating margins. While revenue growth was moderate this quarter, we are well-positioned to capitalise on the improvement in demand in the coming months.

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Apparels & Accessories company Page Industries announced Q1FY26 results

  • EBITDA growth was 21.1% YoY, amounting to Rs 2,947 million.
  • Sales volume growth was 1.9% YoY, amounting to 58.6 million pieces.
  • Revenue was Rs 13,166 million, growth of 3.1% YoY.
  • Profit After Tax (PAT) growth was 21.5% YoY, amounting to Rs 2,008 million.

V.S. Ganesh, Managing Director, Page Industries, said: “I am happy to share that we have achieved PAT growth 21.5% in the quarter. We continue to expand our consumer reach, pursue several product innovation and process automation initiatives while focussing on optimum market investments and cost efficiency measures."

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Apparels & Accessories company Page Industries announced Q4FY25 & FY25 results

Q4FY25 Financial Highlights:

  • Sales volume growth was 8.5% YoY, amounting to 49.2 million pieces
  • Revenue was Rs 10,981 million, growth of 10.6% YOY
  • EBITDA growth was 43.2% YOY, amounting to Rs 2,352 million
  • Profit After Tax (PAT) growth was 51.6% YOY, amounting to Rs 1,640 million

FY25 Financial Highlights:

  • Revenue at Rs 49,349 million, growth of 8.0% YoY
  • EBITDA was Rs 10,626 million, growth of 23.6% YoY  
  • PAT was Rs 7,291 million, growth of 28.1% YoY

Commenting on the results, V.S. Ganesh, Managing Director, Page Industries said, “I am delighted to share that our sharp focus on supply chain efficiency, product innovation, cost optimisation and consumer experience across all touch points have resulted in 51.6% PAT growth in the quarter and an annual PAT growth of 28.1%”

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Apparels & Accessories company Page Industries announced Q3FY25 results

  • Sales volume grew 4.7% YoY, amounting to 57.8 million pieces
  • Revenue at Rs 13,131 million, a 7.1% increase YoY
  • EBITDA was Rs 3,025 million- growth of 33.6% YoY.
  • Profit After Tax (PAT) at Rs 2,047 million, a 34.3% increase YoY

V.S. Ganesh, Managing Director, Page Industries Limited said, “I am thrilled to announce that we have achieved strong profit growth, driven by consistent revenue increases and meticulous control over operating expenses. Our unwavering commitment to investing in top talent, product innovation, and digital transformation is propelling us towards our strategic goals. We are perfectly positioned to seize promising future growth opportunities, with modern retail and e-commerce continuing to serve as powerful growth engines. Our focus on these areas not only strengthens our overall market position but also ensures we remain at the forefront of industry advancements.”

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Apparels & Accessories company Page Industries announced H1FY25 & Q2FY25 results

Q2FY25 Financial Highlights:

  • Sales volume grew 6.7% YoY, amounting to 55.2 million pieces.
  • Revenue at Rs 12,463 million, a 11% increase YoY.
  • EBITDA was Rs 2,815 million was a growth of 22% YoY, a growth of 22% YoY with margins at 22.6%.
  • Stable input costs and improved operating efficiency contributed to significant growth in operating profit.
  • Profit After Tax (PAT) at Rs 1,953 million, a 29.9% increase YoY.

H1FY25 Financial Highlights:

  • Revenue at Rs 25,238 million, growth of 7.3% YoY.
  • EBITDA was Rs 5,248 million, growth of 12% YoY.
  • PAT was Rs 3,605 million, growth of 16.8% YoY.

V.S. Ganesh, Managing Director, Page Industries said: “I am thrilled to share that our relentless dedication to sustainable growth, product enhancement, customer engagement, and brand development has led to robust revenue growth. Our operating margins remain strong, thanks to our focus on operational efficiencies, cost control, and strategic sourcing initiatives. We are committed to investing in future growth, and our digital transformation initiatives are progressing well, promising substantial operational benefits in the coming years.

The dynamic eCommerce landscape has driven exciting growth, bolstered by our prior investments and meticulous preparations.

With the festive season on the horizon, we anticipate a surge in consumer demand and are perfectly positioned to capitalize on these opportunities

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Apparels & Accessories company Page Industries announced Q1FY25 results:

  • Sales volume grew 2.6% YoY, amounting to 57.4 million pieces
  • Revenue at Rs 12,775 million, a 3.9% increase YoY
  • EBITDA at Rs 2,433 million, margin at 19% and sequential growth of 2.5%
  • The impact of investments in digital transformation and marketing initiatives was largely balanced by stable input costs and operational expenses optimisation.
  • Profit After Tax (PAT) at Rs 1,652 million, a 4.3% increase YoY 

Commenting on the results, V.S. Ganesh, Managing Director, Page Industries Limited said, “I am pleased to announce that our dedicated efforts to enhance the inventory health of our distributors have significantly boosted the overall efficiency of our business. We have successfully maintained strong operating margins while simultaneously advancing several digital transformation initiatives, enhancing consumer engagement, and investing in technology.

Our exciting expansion and developments in the eCommerce space continue to drive substantial growth in this channel. We remain optimistic about the resurgence of demand in the upcoming quarters and are well-prepared to capitalize on it.

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Apparels & Accessories company Page Industries announced Q4FY24 & FY24 results:

Q4FY24 Financial Highlights:

  • Sales volume grew 6.1% YoY, amounting to 45.3 million pieces
  • Revenue at Rs 9,954 million, a 3.2% increase YoY
  • EBITDA reported at Rs 1,672 million, a growth of 24.5% over the previous year
  • The impact of investments in digital transformation and marketing initiatives was largely balanced by favourable input costs and operational expenses optimisation.
  • Profit After Tax (PAT) at Rs 1,082 million, a significant increase of 38.1% compared to the same period last year, with PAT margins at 12.4%.

FY24 Financial Highlights:

  • Revenue reported at Rs 45,817 million, a 2.8% decline, owing to the subdued performance in the first half of the fiscal year.
  • EBITDA recorded at Rs 8.722 million, a growth of 1.1%
  • PAT at Rs 5,692 million, at par with FY23

Commenting on the results, V.S. Ganesh, Managing Director, Page Industries Limited said, “I am pleased to share that our strategic commitment to sustainable sales practices and meticulous inventory management has been instrumental in maintaining robust margins and enhanced profitability. Focused efforts to optimize operational efficiency has also been pivotal in enabling us to achieve an impressive 38.1% growth in PAT for Q4.

Our adaptive strategies including enhancing supply chain productivity and modernizing our distribution management system in response to the market’s evolving demands have shown early signs of stabilizing revenue this quarter, despite challenges due to generally subdued market conditions. Our ecommerce channel continues to drive substantial growth, reflecting evolving consumer purchasing behaviour. With continued investments in our strategic drivers, we are well-positioned to seize longterm opportunities of growth.

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Apparels & Accessories company Page Industries announced Q3FY24 & 9MFY24 results:

Financial Highlights for Q3FY24:

  • Sales volumes witnessed a 4.6% YoY growth, reaching 55.2 million pieces.
  • Revenue reached Rs 12,288 million, showing a year-over-year increase of 2.4%.
  • EBITDA for the quarter amounted to Rs 2,352 million, marking a growth of 19.1% compared to the previous year, with healthy margins of 18.6%. The impact of investments in digital transformation and marketing initiatives was balanced by favorable input costs and operational expenses optimization.
  • Profit After Tax (PAT) was Rs 1,524 million, indicating a significant increase of 23.1% compared to the same period last year, with PAT margins at 12.3%.

Financial Highlights for 9MFY24:

  • Revenue totaled Rs 35,863 million, reflecting a 4.4% decline, attributed to the subdued performance in the early part of the fiscal year.
  • EBITDA recorded at Rs 7,051 million, with a slight 3.2% decline YoY.
  • PAT stood at Rs 4,610 million, down by 6.5% YoY.

Commenting on the results, V.S. Ganesh, Managing Director, Page Industries said, “I am pleased to share that the Company has successfully navigated the complexities of mixed demand trends in the retail sector, a landscape marked by a significant shift in consumer spending patterns. Our strategic commitment to sustainable sales practices and meticulous inventory management has been instrumental in robust margins and enhanced profitability. We have seen early signs of stabilizing revenue in Q3 on the back of our adaptive strategies in response to the market's evolving demands. Our concerted efforts to optimise operational efficiency, have been pivotal in enabling us to achieve an impressive 23.1% growth in PAT for Q3.

With continued investments in expanding the distribution network and enhanced e-commerce capabilities, we are geared to seize long-term growth opportunities. We are well-positioned to continue this trajectory of growth, leveraging operational efficiencies and strategic investments to deliver value to our stakeholders.”

 

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Apparels & Accessories company Page Industries announced Q2FY24 & H1FY24 results:

  • Q2FY24:
    • EBITDA margin achieved was 20.8% despite sluggish demand as reflected in YoY lower sales volume and value by 8.8% and 8.4% respectively.
    • Sales volume was 51.8 million pieces, and sales revenue was Rs 11,251 million.
    • EBITDA was Rs 2,335 million lower by 1.8% YoY
    • Profit after Tax was Rs 1,503 million, lower by 7.3% YoY
    • PAT margin is 13.4%
  • H1FY24:
    • H1FY24 revenue at Rs 23,575 million, down 7.6% YoY
    • EBITDA was Rs 4,754 million, down 11.2% YoY 
    • Profit after tax was Rs 3,086 million, degrowth of 16.4% YoY

Commenting on the results, V.S. Ganesh, Managing Director, Page Industries said, “Despite prevailing macro headwinds and market conditions, operational efficiency and stable raw material costs have ensured robust EBITDA margin of 20.8% in Q2. We firmly believe these challenges are transient and continue to invest in technology, enhancing brand awareness, and expanding our market presence, while ensuring a healthy operating margin. We continue to focus on sustainable sales practices while taking measures to optimize inventory.

 

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Apparels & accessories company Page Industries announced Q1FY24 results:

  • Revenue at Rs 12,400 million, up 28% QoQ and down 7.5% YoY.
  • EBITDA at Rs 2,418 million, margins at 19.5%, up 79.7% QoQ and down 18.8% YoY.
  • Reported profit after tax at Rs 1,583 million; up 102% QoQ and down 23.6% YoY.
  • PAT margin at 12.8% compared to 8.1% QoQ and 15.4% YoY.
  • Cash and cash equivalents at Rs 773 million up from 81 million at Q4FY23.

Commenting on the results, Managing Director V.S. Ganesh said, “I am pleased to share that the initiatives taken have led to a substantiative margin recovery and the Company has reported 31% sequential volume growth in Q1FY24. While our year-on-year revenues and volume growth remain challenged on the back of prevailing market conditions, we remain steadfast in our conviction that this is merely a transient phase. Our proactive approach involves continued investment in shaping the future, thereby ensuring that we capitalize on the promising prospects that lie ahead."

 

 

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