Page Industries’ shares fell over 4% after reporting a quarterly profit dip and shrinking operating margins, even as revenue increased. The company announced a substantial interim dividend, signalling confidence despite profit pressure.
Page Industries shares fell on Thursday after the innerwear maker reported a drop in quarterly profit and flagged a smaller operating margin, even as revenue rose. The stock slipped as much as 4.2% intraday to ₹36,670 before trimming some losses, as investors reacted to the June quarter numbers and a large dividend announcement.
According to the company’s latest results, net profit for the quarter ended June fell 4% to ₹193 crore from ₹201 crore a year earlier. Revenue from operations increased 7.9% to ₹1,420.4 crore from ₹1,316.6 crore, but earnings before interest, tax, depreciation and amortisation declined 2% to ₹289 crore. The Ebitda margin narrowed to 20.3% from 22.4%, pointing to pressure on profitability despite higher sales.
The board also recommended a first interim dividend of ₹200 per share for 2026-27, on each share with a face value of ₹10. The record date has been fixed for August 19 and the company said the payout will be made on or before September 11. Page Industries is the exclusive licence holder for Jockey International in India and neighbouring countries, and for Speedo in India.
The quarter marks a reversal from the same period last year, when the company reported stronger profit growth and paid a smaller interim dividend of ₹150 per share, according to earlier company filings and market reports. Separate commentary cited by Business Standard from Globe Capital Market said the stock had already been moving within a broad consolidation band, with support seen near ₹35,100 on technical charts. The broader market was also weaker, with the Nifty 50 down 0.35% at 24,349.75 around 3:12 pm.
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