Page Industries share price
NSE: PAGEINDBSE: 532827Textiles & ApparelsMid Cap
Page Industries Limited · Face value ₹10 Face value. The nominal value of one share as the company issued it, the unit its share capital is counted in and a dividend can be stated as a percentage of; it has no link to the share price. Face value in the glossary · Listed Mar 2007
Last close ₹33,845.00down ₹765.00 (2.21%)BSE ₹34,670.00
Share price at the NSE close on 28 Oct 2026. Previous close ₹34,610.00.
28 Oct: open ₹33,875.00, high ₹33,900.00, low ₹33,155.00
52-week range of traded prices to 28 Oct 2026
₹29,805.00Low, 16 Mar 2026₹43,855.00High, 1 Jul 2026
- Market capMarket capitalisation. Share price times the number of shares: what the whole company is worth at the day's price. The rank is by average market value over the six months to Jun 2026, among listed companies. Market capitalisation: how it is worked out
- ₹37,750 Cr227th largest listed
- P/EPrice to earnings, trailing. Market cap divided by the profit of the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly) that belongs to the company's own shareholders, after the share of the other owners of its subsidiaries: what investors pay for each rupee of a year's profit. Price to earnings, trailing: how it is worked out
- 49.95
- P/BPrice to book. Market cap divided by the net worth that belongs to the company's own shareholders, its assets less everything it owes and less the other owners' share of its subsidiaries, on its latest balance sheet. Price to book: how it is worked out
- 25.12
- Dividend yieldDividend yield. Dividends paid per share in the twelve months to the day, as a percentage of the day's share price.
- 1.77%
- ROEReturn on equity. Profit over the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly) that belongs to the company's own shareholders, as a percentage of their net worth, the money they have in the business. Net worth is the average of the latest balance sheet and the one a year before it.
- 52.0%
- ROCEReturn on capital employed. Operating profit after depreciation (revenue less operating expenses and depreciation, without other income and one-off items) as a percentage of all the money the business runs on: the whole group's net worth, the other owners of its subsidiaries included, plus borrowings. Lease liabilities are not counted: the results filings do not state them. The profit is over the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly); net worth and borrowings are on the latest balance sheet.
- 68.6%
- Debt to equityDebt to equity. Borrowings divided by the whole group's net worth, the other owners of its subsidiaries included: rupees borrowed for each rupee of equity in the business. Lease liabilities are not counted: the results filings do not state them. From the balance sheet at the end of Mar 2026.
- 0.01
- Volume, NSEVolume. Shares traded on the last trading day; delivery is the part buyers kept rather than sold again the same day. Volume in the glossary
- 15,69635.4% delivered
About Page Industries
Page Industries Limited makes, distributes and markets Jockey innerwear and outerwear for men, women and children under an exclusive licence from Jockey International Inc. of the USA.1 It also makes, markets and distributes the Speedo swimwear brand in India.2 Based in Bengaluru, it sells through distributors to multi-brand outlets (shops that sell many brands), and through exclusive brand stores, large format stores (department store chains) and e-commerce platforms.34
The Jockey licence covers India, Sri Lanka, Bangladesh, Nepal, Kuwait, Oman, Qatar, Maldives, Bhutan, the UAE, Saudi Arabia and Bahrain, and runs until 2040.15 The company reports a single business segment, the manufacture and sale of garments.6 It had 21,377 employees, 80% of them women, the company said in its presentation of 13 Aug 2026.1
Page Industries was set up in 1994 to bring the Jockey brand to India.7 Its promoters, among them chairman Sunder Genomal and his brother Ramesh Genomal, held 42.89% of the shares at the end of March 2026.8910
Page Industries key points
Results
- In the quarter to Jun 2026, revenue was ₹14,204 million, up 7.9% from a year earlier. EBITDA (earnings before interest, tax, depreciation and amortisation) was ₹2,890 million, a margin of 20.3%, and profit after tax ₹1,928 million, a margin of 13.6%.11
- The company said profit after tax for the quarter fell 4% from a year earlier because of input cost pressure and temporary constraints on turning volume into billings.12
- In the year to Mar 2026, revenue from operations was ₹52,468 million, up 6.32% from ₹49,349 million, and profit after tax was ₹7,638 million, up 4.76% from ₹7,291 million.13
- In the directors' report, profit before interest, depreciation and tax for the year to Mar 2026 was ₹11,817 million, against ₹11,242 million a year earlier.14
Market position
- Jockey has an awareness score of 96% and a most preferred brand score of 60% among its target audience, the company says.15
- Jockey's consumer penetration (the share of target consumers who buy it) in a tightly defined market, by the company's own assessment16
Item year to Mar 2026 Men's innerwear 17%-19% Women's innerwear 6%-7% Socks 9%-10% Athleisure (sportswear worn every day) 6%-7% - A study by the research firm Kantar for the company puts Speedo's consumer penetration in India at 5%-7% for swimwear and 4%-6% for swim equipment.17
Revenue mix
Where revenue comes from
Plants and capacity
- The company has a production capacity of 280 million pieces a year in 16 manufacturing units, 14 in Karnataka, 1 in Tamil Nadu and 1 in Odisha, spread over 2.9 million square feet.2223
- 64% of manufacturing is in-house, and the company produced over 229 million units of Jockey and Speedo products in the year to Mar 2026.2324
- New plants at K.R. Pete in Karnataka and Cuttack in Odisha opened in the year to Mar 2026 and have started garment production; Cuttack also makes socks and elastic.25
Branches and reach
- Jockey's reach2627
Item quarter to Jun 2026 Cities and towns 2,732 Large format stores 930 Distributor accounts 3,989 - Speedo is sold in 663 stores and 36 exclusive brand outlets across more than 150 cities, and online.2615
- The company sells to quick-commerce platforms (apps that deliver within minutes) outright, with the platform buying the stock, and runs its own fulfilment centres in the south and north for online orders.28
What the company expects
- The company stated in its annual report for the year to Mar 2026 that it targets revenue of ₹8,000 crore by the year to Mar 2029, through new markets, new product categories and investment in research and development.29
- On its earnings call of 13 Aug 2026, the company said it expects its EBITDA margin for the year to Mar 2027 to stay within 19% to 21% if input costs stay stable; an escalation in the Middle East could change this.30
- On its earnings call of 13 Aug 2026, the company said it remains committed to double-digit volume growth for the year to Mar 2027, phased across quarters.31
- The company stated in its annual report for the year to Mar 2026 that it plans a new innerwear plant at Khordha in Odisha, expected to start operating by the year to Mar 2029.32
Litigation and regulatory matters
- In its exchange filing of 21 Sep 2026, the company said a Dubai court had dismissed Yellow Flower Trading LLC's claim as it then stood, as the claimant did not pay a court-ordered expert deposit; the filing does not say whether it can be refiled.33
- In its exchange filing of 2 Sep 2026, the company said the claim, over its UAE distribution arrangement with Yellow Flower Trading, was for AED 113,548,160.81 plus 9% annual interest from 10 Oct 2025, and that it is contesting it.34
- As of its annual report of 16 Jul 2026, the company had applied to the Reserve Bank of India to compound (settle with the regulator, paying any amount it sets) a foreign exchange breach from selling imported products online without physical stores.35
- To comply, it opened physical stores in the year to Mar 2026 and stopped retail trading of imported products of one of its brands from 19 May 2026.35
Last updated
All 35 sources, each with its page
- 1. Investor presentation, 13 Aug 2026, page 17
- 2. Annual report, 16 Jul 2026, page 5
- 3. Annual report, 16 Jul 2026, page 26
- 4. Annual report, 16 Jul 2026, page 112
- 5. Investor presentation, 13 Aug 2026, page 25
- 6. Annual report, 16 Jul 2026, page 113
- 7. Annual report, 16 Jul 2026, page 10
- 8. Annual report, 16 Jul 2026, page 174
- 9. Annual report, 16 Jul 2026, page 119
- 10. Annual report, 16 Jul 2026, page 120
- 11. Investor presentation, 13 Aug 2026, page 2
- 12. Earnings call, 13 Aug 2026, page 4
- 13. Annual report, 16 Jul 2026, page 27
- 14. Annual report, 16 Jul 2026, page 27
- 15. Annual report, 16 Jul 2026, page 28
- 16. Annual report, 16 Jul 2026, page 31
- 17. Annual report, 16 Jul 2026, page 31
- 18. Annual report, 16 Jul 2026, page 60
- 19. Earnings call, 13 Aug 2026, page 11
- 20. Annual report, 16 Jul 2026, page 197
- 21. Annual report, 16 Jul 2026, page 50
- 22. Annual report, 16 Jul 2026, page 5
- 23. Investor presentation, 13 Aug 2026, page 18
- 24. Annual report, 16 Jul 2026, page 50
- 25. Annual report, 16 Jul 2026, page 29
- 26. Investor presentation, 13 Aug 2026, page 2
- 27. Investor presentation, 13 Aug 2026, page 9
- 28. Earnings call, 13 Aug 2026, page 15
- 29. Annual report, 16 Jul 2026, page 55
- 30. Earnings call, 13 Aug 2026, page 10
- 31. Earnings call, 13 Aug 2026, page 5
- 32. Annual report, 16 Jul 2026, page 29
- 33. Exchange filing, 21 Sep 2026, page 1
- 34. Exchange filing, 2 Sep 2026, page 1
- 35. Annual report, 16 Jul 2026, page 193
Results
Standalone; ₹ crore.Page Industries quarterly results
- Revenue growth, 12 monthsRevenue growth, 12 months. The last twelve months against the twelve before them. Left empty where the earlier figure was nought or a loss: growth out of a loss has no percentage.
- +7.6%
- Net profit growth, 12 monthsNet profit growth, 12 months. The last twelve months against the twelve before them. Left empty where the earlier figure was nought or a loss: growth out of a loss has no percentage.
- −1.2%
Quarter to Jun 2026, against the quarter before
- RevenueRevenue. The pill is the change in revenue against the quarter before: this period's figure divided by that one's, less one, in per cent.
- ₹1,420 Crup 13.40%
- Net profitNet profit. The pill is the change in net profit against the quarter before: this period's figure divided by that one's, less one, in per cent. Net profit in the glossary
- ₹193 Crup 7.88%
- Net marginNet margin. Net profit as a percentage of revenue: how much of each rupee of sales is left after every cost, interest and tax. Net margin in the glossary
- 13.6%
Revenue by quarter
Peak revenue ₹1,420 Cr, quarter to Jun 2026; lowest ₹1,098 Cr, quarter to Mar 2025
Net profit by quarter, a loss in red
| ₹ crore | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 1,246 | 1,313 | 1,098 | 1,317 | 1,291 | 1,387 | 1,253 | 1,420 |
| Net profit | 195 | 205 | 164 | 201 | 195 | 190 | 179 | 193 |
| Net margin | 15.7% | 15.6% | 14.9% | 15.3% | 15.1% | 13.7% | 14.3% | 13.6% |
Standalone. The last eight quarters. The latest is shaded.
Year to Mar 2026, against the year before
- RevenueRevenue. The pill is the change in revenue against the year before: this period's figure divided by that one's, less one, in per cent.
- ₹5,247 Crup 6.32%
- Net profitNet profit. The pill is the change in net profit against the year before: this period's figure divided by that one's, less one, in per cent.
- ₹764 Crup 4.76%
- Net margin
- 14.6%
Revenue by year
Peak revenue ₹5,247 Cr, year to Mar 2026; lowest ₹2,140 Cr, year to Mar 2017
Net profit by year, a loss in red
| ₹ crore | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 2,140 | 2,552 | 2,852 | 2,945 | 2,833 | 3,886 | 4,789 | 4,582 | 4,935 | 5,247 |
| Net profit | 266 | 347 | 394 | 343 | 341 | 537 | 571 | 569 | 729 | 764 |
| Net margin | 12.4% | 13.6% | 13.8% | 11.7% | 12.0% | 13.8% | 11.9% | 12.4% | 14.8% | 14.6% |
Standalone. Years to March. The latest is shaded.
Business segments
In the year to Mar 2026 the company reports one business segment, Business of manufacturing, distribution and marketing of garments, which carries all its revenue.
Valuation
Today, against the company's own history.Page Industries PE ratio and valuation
Price to earnings
At or below today's level on 3% of 2,478 trading days over the last 10 years.
LowestHighest
Its median73.21Industry median16.65
Price to book
At or below today's level on 5% of 1,971 trading days since Nov 2018.
LowestHighest
Its median30.94Industry median1.48
Dividend yieldDividend yield. Dividends paid per share in the twelve months to the day, as a percentage of the day's share price. When a year's dividend goes ex later than the year before's, the yield reads zero for the days between; a run of under 60 such trading days is left out of the yield's medians and percentiles. The ex-date is the day from which a buyer of the share no longer gets the dividend.
At or below today's level on 90% of 2,478 trading days over the last 10 years.
LowestHighest
Its median0.84%Industry median0.74%
Where the return came from
Yearly rates to Mar 2026, per-share figures restated for splits and bonuses.
| Over | Return a year | Earnings growth | Change in P/E | Dividend yield |
|---|---|---|---|---|
| 1 year | −23.8% | +4.8% | −29.0% | 1.7% |
| 3 years | −4.1% | +10.2% | −14.4% | 1.6% |
| 5 years | +2.2% | +17.5% | −14.1% | 1.3% |
Return is price growth plus the average dividend yield. Change in P/E is (1 + price growth) / (1 + earnings growth) - 1, so the parts compound rather than add.
Mutual fund holdings
204 funds disclosed a holding for Sep 2026. What they did in Sep 2026, against each fund's month before. 90 of the 114 funds that added or cut are index funds, ETFs or arbitrage funds: an index fund or ETF holds what its index holds, and an arbitrage fund holds the share against a sale of its future. 4 more funds filed their first portfolio on record, holding it.All 204 funds holding Page Industries
- Bought for the first timeBought for the first time. Funds that held it at the month's end and had not held it in any month on record before.
- 3
- Bought againBought again. Funds that held it at the month's end, had not held it the month before, and held it in an earlier month.
- 6
- AddedAdded. Funds that held more shares than at the end of the month before.
- 60
- CutCut. Funds that held fewer shares than at the end of the month before.
- 54
- Held unchangedHeld unchanged. Funds that held the same number of shares as at the end of the month before.
- 77
- Sold outSold out. Funds that held it at the end of the month before and hold none at this month's end. Sold out in the glossary
- 5
| Fund | |||
|---|---|---|---|
 SBI Aggressive Hybrid FundSBI Mutual Fund | 3,17,411 | 1.34% | ₹1,154.9 Cr |
| SBI Large Cap FundSBI Mutual Fund | 3,17,000 | 2.20% | ₹1,153.4 Cr |
 ICICI Prudential Multi Asset Allocation FundICICI Prudential Mutual Fund | 1,95,104 | 0.84% | ₹709.9 Cr |
 Nippon India Multi Cap FundNippon India Mutual Fund | 1,40,233 | 0.95% | ₹510.2 Cr |
| SBI Large & Midcap FundSBI Mutual Fund | 1,21,443 | 1.09% | ₹441.9 Cr |
| ICICI Prudential Large Cap FundICICI Prudential Mutual Fund | 1,10,545 | 0.53% | ₹402.2 Cr |
| SBI Midcap FundSBI Mutual Fund | 1,05,709 | 1.65% | ₹384.6 Cr |
| Nippon India Growth Mid Cap FundNippon India Mutual Fund | 96,000 | 0.70% | ₹349.3 Cr |
 Axis Midcap FundAxis Mutual Fund | 83,704 | 0.91% | ₹304.6 Cr |
 DSP Midcap FundDSP Mutual Fund | 81,778 | 1.53% | ₹297.5 Cr |
Portfolios disclosed for Sep 2026. Weight is the holding as a share of the fund's assets.
Promoter and insider buying and selling
Trades made since 29 Oct 2025.Page Industries insider trading
No promoter, director, key manager or employee bought or sold on the market.
- Others: no market trade
Bought and sold count trades on the market only. A pledge is shares given to a lender as security for a loan; a lender invokes it by selling them.
Page Industries competitors and peers
Garments & Apparels, 64 listed companies, priced on 28 Oct 2026. The table lists the 8 companies closest to Page Industries in market cap.Textile stocks
Where the company sits among the companies nearest its size
| Company | ||||||||
|---|---|---|---|---|---|---|---|---|
 ArvindARVIND | 13,935 | 30.39 | 3.28 | +19.1% | +11.5% | 11.3% | 10.7% | 0.88% |
 Pearl Global IndustriesPGIL | 11,076 | 35.69 | 7.59 | +13.7% | +23.7% | 23.7% | 19.9% | 0.60% |
 Gokaldas ExportsGOKEX | 4,752 | 46.16 | 2.20 | +7.7% | −40.4% | 4.9% | 6.3% | 0.00% |
 Lux IndustriesLUXIND | 3,317 | 32.40 | 1.81 | +10.6% | −33.9% | 5.7% | 6.5% | 0.18% |
 SBC ExportsSBC | 3,118 | – | 31.10 | +63.3% | – | – | 10.7% | 0.00% |
 Kewal Kiran ClothingKKCL | 2,590 | 17.49 | 2.76 | +15.9% | −1.7% | 16.8% | 17.4% | 0.95% |
 Kitex GarmentsKITEX | 2,249 | – | 2.18 | −36.4% | – | – | −2.2% | 0.44% |
 Cantabil Retail IndiaCANTABIL | 2,175 | 22.33 | 4.55 | +16.1% | +24.7% | 22.4% | 35.3% | 0.58% |
Market cap in ₹ crore. Growth is the last twelve months against the twelve before. A figure is left empty where it would rest on a loss or the company has under a year of results on record. ROE is the shareholders' profit over their net worth. ROCE is profit before interest and tax over the whole group's net worth plus borrowings, as in the figures at the top of the page.
Dividends
Per share, by the year it was paid for, and the latest payments.Page Industries dividend history
Dividend per share, ₹, restated for later splits and bonuses
Dividend per share. The dividends declared for the year, each restated to today's share count by the splits and bonuses after its own ex-date, added up. Dividend per share in the glossaryHighest ₹900.00 a share, year to Mar 2025.
| Ex-date | Type | Per share |
|---|---|---|
| 19 Aug 2026 | Interim | ₹200.00 |
| 27 May 2026 | Interim | ₹150.00 |
| 11 Feb 2026 | Interim | ₹125.00 |
| 19 Nov 2025 | Interim | ₹125.00 |
| 13 Aug 2025 | Interim | ₹150.00 |
| 21 May 2025 | Interim | ₹200.00 |
Latest payments, as declared, by ex-date.
Latest announcements
Routine notices left out.Page Industries announcements
Oct 2026
26 Oct
Sep 2026
21 Sep · General Updates
2 Sep · General Updates
Aug 2026
27 Aug · Management
Page Industries share price by year
Each calendar year to 2025.Page Industries share price history
| Year | Close at year end | Change | Highest close | Lowest close |
|---|---|---|---|---|
| 2025 | 36,045.00 | −24.1% | 49,440.00 | 35,565.00 |
| 2024 | 47,514.40 | +23.4% | 49,236.90 | 33,233.85 |
| 2023 | 38,512.75 | −10.1% | 43,010.40 | 36,005.00 |
| 2022 | 42,836.70 | +6.0% | 53,795.80 | 38,897.75 |
| 2021 | 40,421.55 | +46.4% | 41,193.60 | 27,176.15 |
| 2020 | 27,610.25 | +18.0% | 28,217.50 | 16,497.80 |
| 2019 | 23,393.10 | −7.3% | 25,750.90 | 17,644.60 |
| 2018 | 25,238.85 | −1.2% | 36,005.95 | 19,157.40 |
| 2017 | 25,541.55 | +87.1% | 25,541.55 | 13,704.05 |
| 2016 | 13,650.80 | +2.1% | 16,847.05 | 9,880.95 |
₹ per share, adjusted for splits and bonuses since. Change is on the close at the end of the year before.
Recent sessions
The 9 trading days to 27 Oct 2026, as traded on NSE; the latest is at the top of the page.
| Date | Open | High | Low | Close | Average price | Volume | Delivery |
|---|---|---|---|---|---|---|---|
| 27 Oct 2026 | 33,755.00 | 34,610.00 | 33,365.00 | 34,610.00 | 33,939.64 | 20,483 | 60.0% |
| 26 Oct 2026 | 33,830.00 | 33,965.00 | 33,475.00 | 33,910.00 | 33,703.64 | 5,974 | 35.7% |
| 23 Oct 2026 | 34,450.00 | 34,450.00 | 33,475.00 | 33,830.00 | 33,794.01 | 11,821 | 37.4% |
| 22 Oct 2026 | 34,840.00 | 34,850.00 | 34,080.00 | 34,425.00 | 34,426.85 | 11,079 | 28.5% |
| 21 Oct 2026 | 35,770.00 | 35,770.00 | 34,810.00 | 34,870.00 | 35,142.48 | 12,754 | 44.0% |
| 19 Oct 2026 | 36,250.00 | 36,255.00 | 35,550.00 | 35,770.00 | 35,815.39 | 8,744 | 38.2% |
| 16 Oct 2026 | 36,700.00 | 36,700.00 | 36,145.00 | 36,145.00 | 36,331.93 | 29,980 | 82.5% |
| 15 Oct 2026 | 36,630.00 | 36,700.00 | 36,120.00 | 36,500.00 | 36,453.87 | 13,549 | 48.8% |
| 14 Oct 2026 | 36,900.00 | 37,100.00 | 36,510.00 | 36,630.00 | 36,736.85 | 6,800 | 36.5% |
Prices in ₹ per share as traded, not adjusted.
Company details
- NSE symbol
- PAGEIND
- BSE code
- 532827
- ISIN
- INE761H01022
- Industry
- Textiles & Apparels
- Website
- www.jockeyindia.com
- CIN
- L18101KA1994PLC016554
- Corporate identity number, the registrar of companies' code for it
- Incorporated
- 1994
- Registered office
- Cessna Business Park, 7th floor, Umiya Business Bay, Tower - 1, Varthur Hobli, Outer Ring Road, Bengaluru 560103, Karnataka
- Share registrar
- MUFG Intime India Pvt. Ltd
- Keeps the register of shareholders and handles transfers and dividend payments
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