Shares of Page Industries slipped nearly 2% from the day’s high on Thursday, May 21, despite the company reporting healthy Q4 FY26 earnings growth and declaring its fourth interim dividend of Rs 150 per equity share.
The stock was trading at Rs 38,160, down 0.33% for the day, after touching an intraday high of Rs 38,940 on the NSE. The decline from the day’s peak came even as investors reacted to the company’s strong quarterly performance and dividend payout announcement.
Page Industries, the India licensee for Jockey and Speedo, reported revenue from operations of Rs 1,252.60 crore in Q4 FY26, up 14.1% year-on-year from Rs 1,098.07 crore in the corresponding quarter last year.
Net profit for the March quarter rose 9% YoY to Rs 178.73 crore compared with Rs 164.01 crore reported in Q4 FY25.
Operationally, EBITDA increased 10.8% YoY to Rs 260.6 crore from Rs 235.2 crore in the year-ago period. However, EBITDA margin moderated to 20.8% from 21.4%, indicating some pressure on profitability despite higher sales growth.
Profit before tax for the quarter stood at Rs 237.80 crore against Rs 218.68 crore in the corresponding quarter last year.
The company also announced its fourth interim dividend of Rs 150 per equity share for FY26 and fixed May 27, 2026 as the record date for dividend eligibility.
Among key cost heads, employee benefit expenses stood at Rs 228.49 crore, while other expenses came in at Rs 242.87 crore. Finance costs during the quarter were Rs 11.88 crore, while depreciation and amortisation expenses stood at Rs 28.04 crore.
Earnings per share for the quarter came in at Rs 160.24 compared with Rs 147.04 in Q4 FY25.
Despite the strong financial performance, the stock witnessed profit booking during the session after early gains, with investors likely reacting to margin moderation and broader market volatility.
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