Page Industries Q1 FY27: Rs 1,420 Crore Revenue, Rs 193 Crore Profit

Revenue from operations grew 7.9% year-on-year to Rs 1,420.45 crore in Q1 FY27.
Net profit declined 4.0% year-on-year to Rs 192.81 crore.

Reader Takeaway: Revenue growth is positive, but margin pressure from rising costs is a concern.

What just happened

Page Industries reported its financial results for the first quarter of FY27 (ended June 30, 2026). The company posted revenue from operations of Rs 1,420.45 crore, an increase of 7.9% compared to Rs 1,316.56 crore in the same period last year. However, net profit saw a dip of 4.0%, coming in at Rs 192.81 crore against Rs 200.80 crore in Q1 FY26. Basic Earnings Per Share (EPS) also reduced to Rs 172.86 from Rs 180.02.

Why this matters

The results present a mixed picture for investors. While the company is successfully growing its top line, a significant increase in total expenses (10.5% YoY to Rs 1,172.49 crore) has led to a contraction in profitability. This highlights challenges in managing operational costs, which are impacting the bottom line.

The backstory

Page Industries, known for its innerwear brands like Jockey, has consistently focused on expanding its market presence and product offerings. Historically, the company has managed costs effectively to maintain healthy profit margins. However, recent inflationary pressures on raw materials and other operational expenditures have begun to affect its profitability metrics.

What changes now

Investors will be closely watching management's strategies to control the rising cost base. The company's ability to either pass on increased costs to consumers or find operational efficiencies will be crucial for future margin expansion.

Risks to watch

The primary risk remains margin compression due to escalating expenses, particularly raw material and employee benefit costs, which outpaced revenue growth. Failure to manage these costs could lead to further pressure on profits.

Peer comparison

Page Industries operates in the competitive innerwear and athleisure market. While specific real-time peer results are not provided in this filing, the general trend in the apparel sector has seen increased input costs affecting margins across various players.

Context metrics (time-bound)

Q1 FY27:

• Revenue: Rs 1,420.45 crore (+7.9% YoY)
• Net Profit: Rs 192.81 crore (-4.0% YoY)
• Total Expenses: Rs 1,172.49 crore (+10.5% YoY)
• Basic EPS: Rs 172.86

Q1 FY26:

• Revenue: Rs 1,316.56 crore
• Net Profit: Rs 200.80 crore
• Total Expenses: Rs 1,061.15 crore
• Basic EPS: Rs 180.02

What to track next

Investors should monitor the company's subsequent quarterly results to assess if the trend of margin compression continues or if management implements successful cost-control measures. The progress of new product launches and market penetration will also be key indicators.

The Board of Directors also declared a first interim dividend of Rs 200 per equity share for FY27. The record date for this dividend is August 19, 2026, with payments scheduled on or before September 11, 2026.