Page Industries Q2 results: net profit rises 4% to Rs 202.54 crore

Page Industries Limited reported a net profit of Rs 202.54 crore for the quarter ended 30 September 2026 (Q2 FY27), up 4.0% from the same quarter a year earlier, according to its filing with the National Stock Exchange. Revenue from operations rose 11.5% year on year to Rs 1,439.61 crore. The board also declared a second interim dividend of Rs 150 per equity share.

What Happened

The company's unaudited results, approved by its board on 12 November 2026, are standalone; the company says it has no subsidiary, associate or joint venture. The statutory auditor's limited review report was filed with them.

Revenue from operations was Rs 1,439.61 crore in the September 2026 quarter. That compares with Rs 1,290.86 crore in the September 2025 quarter (up 11.5%) and Rs 1,420.45 crore in the June 2026 quarter (up 1.3%).

Profit for the period was Rs 202.54 crore, against Rs 194.76 crore a year earlier (up 4.0%) and Rs 192.81 crore in the previous quarter (up 5.1%). Profit before tax was Rs 270.95 crore. Earnings per share were Rs 181.59, compared with Rs 174.62 a year earlier and Rs 172.86 in the previous quarter.

For the six months ended 30 September 2026, revenue from operations was Rs 2,860.06 crore, up 9.7% from Rs 2,607.42 crore a year earlier. Profit for the six months was Rs 395.35 crore, against Rs 395.56 crore in the same period last year, which is almost unchanged.

The board declared the second interim dividend of Rs 150 per equity share on 12 November 2026. The record date is 18 November 2026, and the dividend is to be paid on or before 11 December 2026. The company's filing notes that the board had earlier declared an interim dividend of Rs 200 per share on 13 August 2026.

The filing also carries a note on retail trading. The company says it sold Jockey and Speedo branded products, including imported products, through e-commerce without physical retail stores, and that this was not in accordance with the retail trading provisions of the Foreign Exchange Management (Non-Debt Instruments) Rules, 2019, under the Foreign Exchange Management Act, 1999. It applied to the Reserve Bank of India (RBI) for compounding, a process for settling such a breach, on 20 May 2026. On 16 October 2026 the RBI returned the application and advised the company to first obtain post-facto approval from the Government of India. The company says it is in the process of obtaining that approval and plans to reapply. Management expects the RBI to compound the breach and says any financial impact is not likely to be material, so no adjustment has been made to the results.

What It Means

For shareholders on the register on 18 November 2026, the board's decision means a cash payment of Rs 150 for each share held, due by 11 December 2026. Together with the August dividend, the company has declared Rs 350 per share so far for the financial year ending 31 March 2027.

The six-month profit being almost level with last year, while revenue grew 9.7%, is visible in the company's own table. The filing does not explain the difference.

The foreign exchange note is the company's own assessment. The RBI has not decided on the compounding application, and the filing says the company must first obtain approval from the Government of India before reapplying. The full results are available on the company's website and on the websites of the National Stock Exchange and BSE.

Oquilia Data: Page Industries Ltd. (NSE: PAGEIND)

Closes adjusted for splits and bonuses; returns exclude dividends. Facts from NSE's files, not investment advice.

Full record: Page Industries share price on Oquilia

Source: Company filing on NSE