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Page Industries (PAGEIND) investor relations material
Page Industries Q2 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q2 2026 earnings summary13 Nov, 2025
Executive summary
Q2 FY26 saw subdued consumption for most of the quarter, with a pickup in primary sales in late September due to the festive season and GST rate reduction, which improved consumer sentiment.
Innovation continued with the launch of Bonded Tech innerwear and bras in September, receiving strong initial consumer response and plans for expanded distribution.
Modern retail, e-commerce, and exclusive brand stores outpaced general trade, supporting steady profitability and strong operating margins.
Unaudited financial results for Q2 FY26 were approved on 13 November 2025, with a limited review by statutory auditors confirming compliance and no material misstatements.
The company maintained a wide retail network: over 110,000 multi-brand outlets and more than 1,500 exclusive brand stores.
Financial highlights
Q2 FY26 revenue was INR 12,909 million, up 3.6% year-on-year; sales volume grew 2.5% to 56.6 million pieces.
Q2 EBITDA was INR 2,795 million, down 0.7% year-on-year, with a margin of 21.7%; profit after tax was INR 1,948 million, marginally down 0.3%.
H1 FY26 revenue was INR 26,704 million, up 3.3% year-on-year; sales volume grew 2.2% to 115.2 million pieces.
H1 EBITDA was INR 5,742 million, up 9.4% year-on-year, with a margin of 22%; PAT was INR 3,956 million, up 9.7%.
Q2 FY26 earnings per share were ₹174.62, and two interim dividends totaling ₹275 per share were declared for FY26.
Outlook and guidance
Management targets near double-digit growth, acknowledging H1 performance was below internal expectations.
H2 is expected to be considerably better than H1, with consistent demand post-festive season and efforts focused on achieving double-digit growth.
Expectation of a steady growth trajectory in coming quarters, supported by strong fundamentals and positive consumer sentiment.
CapEx for FY26 is planned at INR 140 crore, mainly for Odisha and KRPED projects, with INR 57 crore spent in H1.
CapEx incentives of around INR 50 crore are expected to be realized next year.
Bonded tech expansion strategy?
How to improve entry-level customer recruitment?
What drives the robust gross margin?
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Next Page Industries earnings date
Q3 202614 Feb, 2026
Next Page Industries earnings date
Q3 202614 Feb, 2026
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Frequently asked questions
Page Industries Ltd is an exclusive licensee of Jockey International Inc. for the manufacture and distribution of innerwear, leisurewear, and sportswear in India and select international markets. It also operates the Speedo swimwear brand in India. The company is headquartered in Bengaluru, India, and its shares are listed on the NSE.
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