Page Industries Q4 FY26 PAT up 9%, ₹150 dividend announced

Overview of the March-quarter update

Page Industries, the Jockey brand licensee in India, reported higher profit and revenue for the March 2026 quarter (Q4 FY26) compared with the year-ago period. The company said its standalone net profit rose 8.98% year-on-year to ₹178.73 crore. Revenue from operations increased 14.07% to ₹1,252.59 crore. The update also included a dividend announcement, with the board declaring a fourth interim dividend of ₹150 per equity share for FY26.

Q4 FY26 profit and revenue: what changed

The quarter showed growth across headline financial lines, with profit rising broadly in line with revenue. Profit before tax (PBT) in Q4 FY26 came in at ₹237.80 crore, up 8.74% compared with ₹218.67 crore in Q4 FY25. EBITDA rose 10.75% to ₹260.5 crore from ₹235.2 crore a year ago. While operating profit increased, margins softened slightly on a year-on-year basis.

Volume growth supported the topline

Page Industries reported sales volume growth of 10.8% year-on-year in Q4 FY26. Total volume for the quarter stood at 54.5 million pieces. The company’s commentary pointed to encouraging demand trends across distribution channels during the quarter, which supported volume-led revenue growth. The combination of higher volumes and higher revenue suggests a quarter where demand and execution remained supportive even as margins moderated.

Margin movement: EBITDA margin slips year-on-year

EBITDA margin in Q4 FY26 declined to 20.8% versus 21.4% in Q4 FY25. The reported figures show that EBITDA growth (10.75%) was lower than revenue growth (14.07%), which aligns with the margin contraction. Even with the lower margin, the company delivered higher absolute EBITDA and PBT compared with the same quarter last year.

Dividend: ₹150 per share, record date May 27

The board declared a fourth interim dividend of ₹150 per equity share for FY26. The record date was fixed as May 27, 2026. Page Industries said the dividend payment will be made on or before June 19, 2026. A separate report in the provided information also noted that the company has paid more than ₹600 as dividend to investors over the last one-year period.

Full-year FY26 performance in numbers

For the full year ended March 2026, Page Industries reported net profit of ₹763.82 crore, up 4.76% from ₹729.14 crore in the previous year. Full-year sales rose 6.32% to ₹5,246.78 crore from ₹4,934.91 crore. Another data point in the provided text stated that FY26 EBITDA was ₹1,152.9 crore, up 8.5% year-on-year. These full-year numbers suggest a slower pace of growth compared with the March quarter, but still positive year-on-year momentum.

Stock reaction and trading levels cited

Market reaction in the provided material was mixed across updates. One report said shares of Page Industries rose 0.68% to ₹38,539.85 on the BSE. Another noted the stock ended at ₹38,246.15, with an intraday range of ₹39,568.90 to ₹37,681.40 and a rise of more than 2% during the session. Readers should note these were reported in different updates and may reflect different timestamps within the trading day.

Management commentary: focus on products and consumer experience

Managing Director V.S. Ganesh said the company was “pleased to report a strong quarter” with healthy growth in revenue and profitability. He attributed performance to a focus on enriching product features and portfolio, along with maintaining high standards of consumer experience. The company also pointed to encouraging demand trends across distribution channels, supporting what it described as robust volume-led revenue growth.

Context from other quarters and operating metrics cited

The provided information also included additional context on performance beyond Q4 FY26. It said Page Industries delivered its strongest quarterly revenue performance in Q3 FY26, with net sales rising 7.43% sequentially to ₹1,386.76 crore from ₹1,290.86 crore in Q2 FY26, while year-on-year growth was 5.61%. It also mentioned a quarter-on-quarter net profit decline of 7.38% to ₹189.54 crore from ₹194.76 crore, indicating that profitability trends during the year were not uniform. Separately, the material cited longer-term indicators including average annual earnings growth of 12.5%, average revenue growth of 9.7% per year, return on equity of 53.2%, and net margins of 14.7%.

Key financial snapshot

Why the Q4 print matters for investors

The Q4 FY26 numbers show that Page Industries delivered double-digit revenue growth alongside high single-digit profit growth. Volume growth of 10.8% is a key operational indicator because it connects demand directly to topline performance for an apparel business. At the same time, the EBITDA margin decline to 20.8% highlights that profitability per rupee of sales was slightly lower than last year, even as absolute profits increased. The ₹150 per share interim dividend, with stated record and payment timelines, adds a clear capital-return event for shareholders.

What to track next

Investors will typically watch how margins trend after a quarter where revenue growth outpaced EBITDA growth. The company has already provided specific dividend dates, with the record date set for May 27, 2026 and payment on or before June 19, 2026. Future quarterly updates will show whether volume growth remains in the double digits and whether the company can sustain operating profitability near the 20% plus level cited for Q4 FY26.