#PageIndustries #Q1FY26Results #PATGrowth #EBITDA #RevenueGrowth #JockeyIndia #SpeedoIndia #ApparelIndustry #ConsumerDemand #EcommerceGrowth #RetailExpansion
Chandigarh – Page Industries Limited, India’s premier apparel manufacturer and exclusive licensee of Jockey and Speedo in India, today announced its financial results for the first quarter ended 30th June 2025. The company reported a strong performance with notable growth in profitability, driven by operational efficiency, innovative product launches, and sustained market penetration.
Q1 FY26 Key Financial Highlights:
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Revenue: ₹13,166 million, up 3.1% year-on-year (YoY) from ₹12,777 million in Q1 FY25.
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EBITDA: ₹2,947 million, marking a 21.1% YoY increase.
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Sales Volume: 58.6 million pieces sold, representing a modest 1.9% YoY growth.
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Profit After Tax (PAT): ₹2,008 million, up 21.5% YoY from ₹1,653 million in Q1 FY25.
Despite a relatively modest revenue growth, the company’s profitability surged due to higher operating efficiencies, better cost management, and a focus on premium product categories.
Strategic Initiatives Driving Growth
Speaking on the results, Mr. V.S. Ganesh, Managing Director, Page Industries Limited, expressed optimism:
“I am happy to share that we have achieved PAT growth of 21.5% in the quarter. We continue to expand our consumer reach, pursue several product innovation and process automation initiatives while focusing on optimum market investments and cost efficiency measures.”
The company has been making targeted investments in:
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Product Innovation – Launching trend-driven collections like JKY Groove, designed for the younger, fashion-conscious demographic.
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Process Automation – Implementing technology-driven efficiency upgrades in manufacturing and logistics to reduce costs and improve supply chain agility.
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Market Expansion – Increasing penetration in Tier-II and Tier-III cities while strengthening the company’s presence in premium metro markets.
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E-commerce Growth – Leveraging digital channels and strategic partnerships with leading online retailers to reach a broader audience.
Outlook and Market Trends
Page Industries is optimistic about the upcoming quarters, banking on multiple macroeconomic and sectoral factors:
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Consumption Recovery – With all-time low inflation, lower borrowing rates, and rationalised direct tax rates, disposable income is expected to rise, boosting consumer demand.
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Liquidity Boost – Policy interventions aimed at enhancing liquidity in the market are expected to strengthen buying capacity across both urban and rural India.
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E-commerce Adoption – The growing comfort of consumers with online apparel shopping is expected to drive volumes, especially in smaller towns where physical retail penetration is still developing.
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Organised Retail Growth – The shift from unorganised to organised retail in the apparel segment will continue to benefit established brands like Page Industries.
Sector Context
India’s apparel industry is undergoing rapid transformation, driven by rising disposable incomes, changing fashion preferences, and a growing youth population. Premium and athleisure segments are seeing faster adoption, and brands offering quality, comfort, and style are gaining significant traction.
Page Industries, with its strong brand portfolio including Jockey and Speedo, is well-positioned to capitalise on these trends. The company’s continued investment in design, manufacturing, and marketing is aimed at sustaining long-term growth while maintaining profitability.
Challenges and Opportunities
While the company remains optimistic, certain challenges remain:
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Competitive Pressure – Increased competition from domestic and international brands, both in offline and online spaces.
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Raw Material Price Fluctuations – Cotton and synthetic fibre price volatility can impact margins.
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Global Economic Uncertainty – Export-linked demand could be affected by macroeconomic conditions abroad.
However, Page Industries believes its strong balance sheet, brand equity, and customer loyalty will enable it to navigate these challenges effectively.
Conclusion
Page Industries’ Q1 FY26 performance reflects the company’s resilience, strategic foresight, and operational excellence. With a clear focus on innovation, cost control, and expanding market reach, the company is poised to continue its upward trajectory in the coming quarters. The combination of favourable economic conditions, rising organised retail adoption, and deepening e-commerce penetration bodes well for sustained growth in FY26 and beyond.
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