9 months ago
Page Industries Struggles with Growth Amid Market Challenges
Page Industries, which makes Jockey and Speedo, is having a tough time.
Their sales and profits are not growing much, and their stock price is down.
They are trying to fix this by making new products and improving how they sell things.
Some of their new products, like special bras and men's underwear, are doing well.
But overall, they are still struggling to make more money, and some experts think this year might not be good for them.
They hope things will get better in the second half of the year.
Page Industries' shares hit a 52-week low of ₹38,160, down 18% in 2025.
Q2FY26 volume growth was 2.5% year-on-year, with revenue growth at 3.6%.
Gross margin expanded by 345 basis points, but Ebitda margin fell to 21.7%.
New product launches, including premium bras and men's innerwear, show encouraging consumer response.
Brokerages have lowered earnings estimates for FY26 and FY27 due to muted performance.
- Who
- Page Industries Ltd, manufacturer of Jockey and Speedo brands
- What
- Struggling with muted growth and investor confidence
- Where
- India
- When
- Q2FY26 and 2025 so far
- Why
- Persistent dull demand, stiff competition, and elevated marketing spends
Key facts
- Company
- Page Industries Ltd
- Brands
- Jockey, Speedo
- Current Share Price
- ₹38,160 (52-week low)
- Year-to-Date Decline
- 18% in 2025
- Q2FY26 Volume Growth
- 2.5% year-on-year
- Q2FY26 Revenue Growth
- 3.6%
- Q2FY26 Gross Margin Expansion
- 345 basis points
- Q2FY26 Ebitda Margin
- 21.7%
Quotes
JM Financial Institutional Securities
A financial services company providing investment banking and securities services
“Overall performance over a longer period also has been muted versus its own historical performance; we note revenue/profit after tax growth over FY19-25 has been only in low double digits and FY26 also appears to be a dismal year”
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