Page Industries delivered robust fourth quarter FY26 results, with revenue rising 14.1% year-on-year to ₹1,252.6 crore, compared with ₹1,098 crore in the same period last year. According to reports from ET Now, the growth was primarily driven by healthy volume expansion, with sales volumes climbing 10.8% YoY to 54.5 million pieces, reflecting continued demand across product segments. The company's profit after tax increased 9% YoY to ₹178.7 crore, compared with ₹164 crore in the year-ago period. As reported by ET Now, the company also announced a fourth interim dividend of ₹150 per share, underlining its continued focus on shareholder returns while maintaining stable financial growth.
Following the strong quarterly performance, multiple brokerages have reiterated their bullish stance on the stock, raising target prices and highlighting a potential upside of nearly 20%. According to reports from ET Now, Morgan Stanley maintained its Overweight rating with a target price raised to ₹42,636 from ₹41,561, while Emkay upgraded to Add from Reduce with a target price of ₹44,700 versus ₹33,750. Elara maintained its Buy rating with a target price raised to ₹46,000 from ₹43,428, and Goldman Sachs maintained its Buy rating with a target price raised to ₹45,000 from ₹42,790. As reported by ET Now, Nuvama also maintained its BUY rating with a target price of ₹45,433 versus ₹45,063.
Operating performance remained resilient with EBITDA increasing 10.7% YoY to ₹260.6 crore from ₹235.5 crore a year ago, according to ET Now reports. However, EBITDA margin softened to 20.8% from 21.5% in Q4 FY25, indicating some pressure on costs despite the topline growth. The company's e-commerce contribution rose to 15% of revenue mix, as reported by ET Now, with e-commerce remaining a key growth lever for the Jockey brand. Management highlighted meaningful improvement in consumption environment and athleisure segment seeing strong recovery, with the company aspiring for double-digit volume growth in FY27.
According to reports from ET Now, analysts remain optimistic on the company's growth outlook, citing recovery in the athleisure segment, easing competitive intensity, and sustained double-digit volume growth expectations. The company's JKY Groove continues to see strong traction, with the brand gaining significant market share. As reported by ET Now, competitive intensity is lower than a year ago as smaller brands lose general trade share, while the company plans further price hikes in Q1 to offset raw material inflation. Management expects the double-digit volume growth momentum to continue in FY27, supported by distributor-level athleisure inventory normalization aiding recovery.
