India's Page Industries hits over 7-month high after quarterly profit rises

Page Industries

22/05/2026 05:06

** Shares of Page Industries PAGE.NS up 4.7% at 40,150 rupees, highest since November 17, 2025

** Jockey India licensee posts 9% rise in Q4 profit to 1.79 billion rupees ($18.6 million); rev from ops up 14.1% to 12.53 billion rupees

** Systematix ("Hold"; PT: 39,882 rupees) says performance was driven by a series of strategic initiatives, including strengthening distributor inventory health, intensifying brand-building efforts, accelerating product innovation, and expanding retail and manufacturing capacities

** Expects PAT to grow at a CAGR of 5.5% for FY26-FY28E

** Dolat Capital ("Buy"; PT: 46,000 rupees) says demand for premium products remained strong during the quarter, driven by premium innerwear and outerwear

** Stock rated "Hold" on average; median PT at 40,000 rupees - LSEG-compiled data

** YTD, stock up 11.4%

($1 = 96.2625 Indian rupees)

 (Reporting by Mridula Kumar in Bengaluru)

 ((Mridula.Kumar@thomsonreuters.com;))