Latest news with #JKYGroove
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Business Standard
5 days ago
- Business
- Business Standard
Page Industries share falls 4% after Q1 nos.; should you buy, sell or hold?
Page Industries share price: Shares of Page Industries dropped as much as 3.77 per cent to ₹44,000 apiece on Friday, August 8, 2025, following the company's Q1FY26 earnings. At 9:32 AM, the Page Industries' stock was trading 3.55 per cent lower at ₹44,100, underperforming the benchmark BSE Sensex, which was down 0.21 per cent at 80,457.05. For the quarter ended June 30, 2025, Page Industries posted a muted 3.1 per cent year-on-year (Y-o-Y) growth in revenue at ₹1,316.6 crore, with volume growth of just 1.9 per cent to 58.6 million pieces. Despite the sluggish top-line performance, profitability saw healthy gains, with Ebitda rising 21.1 per cent to ₹294.7 crore and profit after tax up 21.5 per cent at ₹200.8 crore, aided by cost efficiencies and lower advertising spends. Managing director V S Ganesh highlighted the company's continued focus on product innovation, process automation, and cost discipline, expressing optimism for demand recovery in the coming quarters driven by improved liquidity, low inflation, and deeper ecommerce adoption. He also pointed to the launch of JKY Groove – a new product line aimed at younger consumers – as a strategic step to expand the company's portfolio. Page Industries share: Should you buy, sell or hold? Brokerages, however, were divided in their views. Nuvama remained cautious, noting that growth momentum faltered after a strong previous quarter, with weak consumer sentiment and lower footfalls weighing on performance. While Ebitda margins improved due to curtailed ad spends, the firm expects margins to moderate to the guided 19--21 per cent range as investments pick up. Factoring in the weak revenue show, Nuvama trimmed its FY26/27 earnings estimates and retained a 'Reduce' rating with a revised target price of ₹42,875, down from ₹44,140. Motilal Oswal, on the other hand, maintained a more optimistic stance. While acknowledging the revenue and volume miss, the brokerage pointed to sequential improvement in momentum and expects a recovery aided by an early festive season and stable input costs. It noted the gross margin expansion of 500 bps Y-o-Y to 59.1 per cent and robust Ebitda margin of 22.4 per cent, ahead of expectations. The brokerage expects sustained margins supported by operational efficiencies and sees potential upside from new product introductions and distribution expansion. Reiterating its 'Buy' call, Motilal Oswal pegged the target price at ₹54,000, valuing the stock at 60x its June FY27 earnings estimates. With a split in brokerage opinion, investors may weigh near-term demand uncertainty against long-term brand strength and margin stability before taking a position.
Business Standard
5 days ago
- Business
- Business Standard
Page Inds Q1 PAT climbs 22% YoY to Rs 201 cr; declares dividend of Rs 150/sh
Page Industries' standalone net profit jumped 21.52% to Rs 200.79 crore on a 3.05% increase in revenue from operations to Rs 1,316.56 crore in Q1 FY26 over Q1 FY25. In Q1 FY26, sales volume grew 1.9% YoY, amounting to 58.6 million pieces. Profit before tax in Q1 FY26 was at Rs 270.21 crore, up 21.46% as against Rs 222.46 crore reported in the same period a year ago. EBITDA stood at Rs 294.70 crore in Q1 FY26, registering the growth of 21.12% compared with Rs 243.30 crore in Q1 FY25. EBITDA margin improved to 22.4% in Q1 FY26 as against 19% in Q1 FY25. On outlook & trends front, the company is optimistic about demand recovery in the coming quarters, driven by positive interventions aimed at boosting consumption. With inflation at an all-time low, lower borrowing rates, and rationalization of direct tax rates, increased liquidity is expected to strengthen consumers purchasing power. Additionally, the deeper adoption of e-commerce will play a significant role in expanding the organized retail ecosystem. To align with evolving consumer preferences, especially among younger audiences, we have also expanded our product range through JKY Groove to capture the latest trends. V.S. Ganesh, managing director, Page Industries, I am pleased to share that we achieved a 21.5% growth in PAT for the quarter. We continue to expand our consumer reach while pursuing various product innovation and process automation initiatives. At the same time, we remain focused on optimizing market investments and implementing cost-efficiency measures. Meanwhile, the companys board declared a 1st interim dividend for the fiscal year 2025-26 of Rs 150/- per equity share. The record date for the payment of interim dividend is 13 August 2025. The dividend will be paid on or before 5 September 2025. Page Industries is the exclusive licensee of JOCKEY International Inc. (USA) for manufacture, distribution and marketing of the JOCKEY brand in India, Sri Lanka, Bangladesh, Nepal, Oman, Qatar, Maldives, Bhutan and UAE. Page Industries is also the exclusive licensee of Speedo International for the manufacture, marketing and distribution of the Speedo brand in India. Shares of Page Industries shed 1.06% to close at Rs 45,770 on the BSE.
Time of India
5 days ago
- Business
- Time of India
Page Industries Q1 profit rises 21.5% to Rs 201 crore; revenue up 3.1% YoY
New Delhi: Innerwear and athleisure major Page Industries, the exclusive licensee of Jockey and Speedo in India, on Wednesday reported a 21.5% year-on-year rise in net profit to Rs 201 crore for the quarter ended June 30, 2025, compared to Rs 165 crore in the same period last year, as per its regulatory filing. The company's revenue from operations grew 3.1% YoY to Rs 1,316.6 crore, up from Rs 1,277.5 crore in Q1 FY25, according to its unaudited financial results. EBITDA stood at Rs 294.7 crore, marking a 21.1% increase YoY, while sales volumes grew 1.9% to 58.6 million pieces in the quarter. EBITDA margin improved to 22.4% during the quarter. Total expenses for the quarter were at Rs 1,061.2 crore, while profit before tax came in at Rs 270.2 crore, up from Rs 222.5 crore in the year-ago period. Commenting on the results, V.S. Ganesh, Managing Director, Page Industries, said, 'We have achieved PAT growth of 21.5% in the quarter. We continue to expand our consumer reach, pursue product innovation and process automation, while focusing on optimum market investments and cost efficiency.' The company also highlighted optimism for the upcoming quarters, citing favourable macroeconomic indicators. 'With all-time low inflation, lower borrowing rates, and rationalised direct taxes, we expect demand recovery in the coming quarters,' Ganesh added. Page Industries also said it is strengthening its portfolio to attract younger consumers through new launches under JKY Groove, and expects ecommerce adoption to further boost the organised retail ecosystem
