Page Industries (PAGEIND) Q4 24/25 earnings summary

Executive summary

• FY25 saw strong financial performance and adaptation to economic and consumer shifts, with e-commerce channels and digital initiatives driving growth despite inflationary pressures and muted demand in H1.

• Strategic investments in digital transformation, supply chain, and consumer engagement supported sustained growth.

• Audited financial results for FY25 were approved with an unmodified opinion, and a 4th interim dividend of ₹200 per share was declared.

• New production facility in Odisha is ready for commercial operations, enhancing capacity.

Financial highlights

• FY25 revenue grew 8% to INR 49,349 million; Q4 revenue up 10.6% year-on-year to INR 10,981 million.

• FY25 PAT up 28.1% to INR 7,291 million; Q4 PAT up 51.6% to INR 1,640 million.

• FY25 EBITDA up 23.6% to INR 10,626 million (margin 21.5%); Q4 EBITDA up 43.2% to INR 2,352 million.

• Basic and diluted EPS for FY25 stood at ₹653.71, up from ₹510.31 in FY24.

• Cash and cash equivalents at year-end were ₹23,828.78 lakhs, up from ₹3,318.53 lakhs last year.

Outlook and guidance

• Management targets high single-digit volume growth for FY26, with expectations of improved demand due to favorable macro factors like tax rationalization and a normal monsoon.

• No price increases planned in the near term; margin guidance maintained at 19%-21%.

• CapEx planned at INR 180 crore for FY26, mainly for plant expansion and land acquisition.

• Continued focus on digital transformation, product innovation, and expansion in Tier 2 and 3 cities.