According to latest market data, Page Industries shares have experienced a 32.63% decline from their 52-week high of ₹50,590 to current levels, reflecting significant investor concerns despite the company's strong quarterly performance. The stock was trading at ₹34,085 as of February 11, 2026, representing a substantial pullback from its peak performance. This decline comes even as the company maintains its position as the exclusive licensee of Jockey International Inc. for India, Sri Lanka, Nepal, and Bangladesh, with operations spanning innerwear, loungewear, and socks manufacturing.
As reported by Moneycontrol, Page Industries posted 6% year-on-year revenue growth in the third quarter of FY26. The growth was primarily driven by 4% growth in net realizations (average selling price), while volume growth remained subdued at 1.4% compared to estimates of 4.5% and 2.5% in Q2. Total volumes reached 58.6 million units during the quarter. The ASP improvement was attributed to favorable channel and product mix, including high-priced athleisure and winter products, along with the launch of premium bonded technology offerings in bras and men's innerwear in September 2025.
According to reports from Moneycontrol, Motilal Oswal has issued a buy rating on Page Industries with a target price of ₹44,000. The brokerage's research report dated February 05, 2026, recommends the stock based on a 50x December 2027 estimated earnings per share. The recommendation comes as part of Motilal Oswal's broader investment strategy across various sectors, despite the recent stock price volatility that has seen the shares fall 32.63% from their 52-week high.
As per latest market data, Page Industries has a market capitalization of ₹38,073.75 crore and trades with a PE ratio of 51.52 and P/B ratio of 27.43. The company's 52-week high stands at ₹50,590 and 52-week low at ₹31,740. Recent financial performance shows the company reported standalone total income of ₹1,399.19 crore in Q3FY26, up 6.78% from the previous quarter and 5.43% year-on-year. The company announced a dividend of ₹125 per share with record date of February 11, 2026.
According to Motilal Oswal's analysis reported by Moneycontrol, the brokerage models a compound annual growth rate of 11% for both revenue and EBITDA over the FY26-28 period. The company did not implement any price hikes during the quarter but may consider one in 2026. The target price of ₹44,000 is based on the projected December 2027 earnings per share, reflecting the brokerage's confidence in the company's growth trajectory and market positioning. Recent analyst coverage shows 23 analysts covering the stock with a mean recommendation of 'Buy' and a median target price of ₹38,385.91 in 12 months.
