Q4 Results: Page Industries Shares Up 3% on Earnings; Interim Dividend of Rs 150 Announced 

Mumbai, May 21:Shares of Page Industries rose as much as 3% on Thursday after the Jockey India licensee reported a 9% increase in fourth-quarter profit, helped by steady demand for premium innerwear and athleisure products. The stock later pared most of its gains to close 0.25% higher at Rs 38,380.

The company reported improved quarterly earnings as premiumisation trends and demand for branded innerwear helped offset cost pressures. Net profit came in at Rs 179 crore for the March quarter, up from Rs 164 crore a year ago. Revenue from operations rose 14%.

Investor sentiment around the stock lifted after the earnings announcement, with market participants betting that rising preference for premium and athleisure wear could continue to support growth despite a challenging consumer spending environment. Page also declared a fourth interim dividend of Rs 150. However, the stock came to flatline at close among concerns over margins coming under some pressure from input costs.

Premium Push Supports Growth

The stock cheered up on results but flatlined after margin pressures worried investors. Source: NSE 

Page Industries, which licenses the Jockey and Speedo brands in India, has increasingly focused on premium products and athleisure categories to drive revenue growth.

The company has benefited from rising fitness awareness, growing preference for casual wear, expansion of organised retail, and stronger e-commerce penetration.

Premiumisation and athleisure demand have remained key growth drivers for the company over the past several quarters.

The company’s strong brand positioning and wide retail presence continue to help it maintain pricing power even as broader urban consumption trends remain uneven.

Stock Trims Gains Despite Positive Reaction

Despite the initial rally, the stock surrendered most of its intraday gains as investors remained cautious about elevated valuations, margin pressures from cotton costs and slowing discretionary spending in parts of the consumer sector.

At current levels, Page Industries trades at relatively rich earnings multiples compared with many other apparel and retail companies, making the stock sensitive to any moderation in growth.

The company also faces rising competition in athleisure and premium apparel.

Still, Page Industries remains among the stronger branded consumption plays due to its established franchise and consistent margin profile.

Consumer Sector Remains Mixed

The earnings come at a time when India’s broader consumer sector has shown mixed trends, with premium categories outperforming mass-market demand.

Several consumer-facing companies have highlighted that affluent urban consumers continue to spend on branded and premium products even as inflation and higher living costs weigh on lower-income segments.

Market participants will now watch whether Page Industries can sustain volume growth in coming quarters amid rising competition and evolving consumer preferences.

Source:

• https://www.nseindia.com/get-quote/equity/PAGEIND/Page-Industries-Limited