Whalesbook
Page Industries ne Q4 FY26 mein 9% ka profit growth dikhaya hai, jo ₹178.7 crore tak pahunch gaya. Ye growth 14.1% ke robust revenue badhotri ki wajah se hua, jo pichle saal ke ₹1,098 crore se badhkar ₹1,252.6 crore ho gaya. EBITDA bhi 10.7% badhkar ₹260.6 crore ho gaya.
Lekin bhai, EBITDA margin thoda sa kam ho gaya, 20.8% se 21.5% ho gaya. Iske bawajood, sales volume 10.8% badhkar 54.5 million pieces ho gaya.
Indian apparel market mein, Page Industries Jockey International ke licensee hone ka fayda utha raha hai. Competition Van Heusen, Hanes, Rupa, aur Lux jaise brands se hai. Stock ka P/E ratio abhi 47.4x se 55.01x ke beech hai. Analysts ismein mostly 'Neutral' rating de rahe hain, kuch log 'Buy' keh rahe hain, par average price target mein thoda downside dikh raha hai.
Board ne ₹150 per equity share ka fourth interim dividend FY25-26 ke liye approve kiya hai. Record date May 27, 2026 hai aur payment June 19, 2026 tak ho jayegi. Is saal total dividend ₹550 per share ho gaya hai. Pure FY 2025-26 ke liye, revenue ₹5,246.8 crore ( 6.3% increase) aur profit after tax ₹763.8 crore ( 4.8% increase) raha. Lekin operating cash flow kam ho gaya, ₹1,204 crore se ₹794 crore, kyunki traded goods purchase aur inventory build-up mein kaafi zyada kharcha hua.
FY26 mein 6.3% ka revenue growth thoda slow lag raha hai. Inventory aur traded goods mein 56% ka badlav cash flow ko affect kar sakta hai. Q4 mein EBITDA margin ka girna aur competitors dwara marketing mein zyada kharch karna cost control aur pricing power par sawaal uthata hai. Analysts ne bhi growth aur margin assumptions kam hone ki wajah se price targets kam kar diye hain. Stock ka P/E ratio abhi bhi zyada hai, jo growth mein kami aane par sensitive ho sakta hai.
Management ne product enrichment aur consumer experience strategies par focus karne ki baat kahi hai, par unhone yeh bhi mana hai ki company ek "lower-growth phase" se guzar rahi hai. Agle quarter ke liye analysts revenue ₹11.84 billion aur EPS ₹149.98 expect kar rahe hain. Company ki market position aur consistent dividends stability dete hain, par investors dekhenge ki company industry challenges ke beech growth accelerate kar pati hai ya nahi.