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Page Industries (PAGEIND) investor relations material
Page Industries Q3 25/26 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Revenue grew 5.6% year-over-year in Q3 FY26, with operating profit before tax up 5.9% and profit after tax down 7.4% due to a one-time labor code provision.
Nine-month revenue increased 4.1% and PAT rose 3.5% year-over-year, reflecting steady business momentum despite selective consumer demand.
Enhanced and diversified product range with successful launches, including the second wave of JKY Groove and bonded technology products.
Distribution network expanded to 113,600 multi-brand outlets, 1,556 exclusive brand stores, and 1,778 large format stores, with strong e-commerce growth.
Unaudited financial results for the quarter and nine months ended December 31, 2025, were approved and released, with a limited review by statutory auditors confirming no material misstatements.
Financial highlights
Q3 FY26 revenue: INR 13,868 million (+5.6% YoY); sales volume: 58.6 million pieces (+1.4% YoY).
Q3 EBITDA: INR 3,181 million (+5.2% YoY), EBITDA margin: 22.9%; PAT declined 7.4% YoY to INR 1,895 million due to a one-time exceptional provision.
Profit before tax (before exceptionals): INR 2,913 million (+5.9% YoY); after exceptionals: INR 2,562.5 million.
Nine-month revenue: INR 39,942 million (+4.1% YoY); sales volume: 173.8 million pieces (+1.9% YoY); EBITDA: INR 8,923 million (+7.9% YoY); PAT: INR 5,851 million (+3.5% YoY).
Basic and diluted EPS for the quarter were Rs. 169.93; for nine months, Rs. 524.57.
Outlook and guidance
Management expects Q3’s improved performance to continue into Q4, with ongoing investments in product innovation, marketing, and retail expansion.
Double-digit growth remains a target, driven by both market recovery and internal expansion initiatives, though timing is uncertain.
EBITDA margin guidance maintained at 19%-21% for FY26 and FY27, despite current quarter’s higher margin.
Targeting sustainable revenue growth with a goal of INR 8,000 crore by FY28-29.
The company continues to monitor the impact of the new labour codes and will account for further changes as required.
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