Page Industries
Stock Snapshot
Price Performance
Vista Outlook
View Technicals Analysis →Basis of our Recommendation
Page Industries has navigated a challenging Q1FY27, primarily due to structural changes from ARS implementation and temporary logistics disruptions, which led to a revenue and margin miss. However, management's outlook remains optimistic, anticipating a strong recovery in Q2FY27 as the benefits of recent price hikes and the recognition of previously undelivered volumes come into play. The company's strategic focus on volume growth, premiumization, and digital transformation is expected to bolster its competitive position and market share. Vista's financial outlook reflects stable revenue growth and margins, supported by a conservatively financed balance sheet. The expected upside of approximately 16.5% aligns with the company's medium-term growth trajectory, driven by robust consumer demand and strategic initiatives. Industry dynamics, including improving pricing power and favorable trade agreements, further enhance the outlook. Over the next 12-24 months, key opportunities include the expansion of product offerings and e-commerce capabilities, while headwinds may arise from raw material price volatility and competitive pressures in the market
Why We Like This Stock
- Management anticipates a strong recovery in Q2FY27, driven by price hikes and volume recognition
- Strategic focus on premiumization and digital transformation is expected to enhance market share
- The consumer discretionary sector's improving pricing power supports Page Industries' growth outlook
Things To Watch Out For
- Temporary logistics disruptions and raw material inflation have impacted recent performance
- Competitive pressures from digital-first brands may challenge market positioning
- Ongoing volatility in raw material prices poses risks to margin stability
Key Parameters
Financial Snapshot
| Actuals | Forecast | ||||
|---|---|---|---|---|---|
| FY24 | FY25 | FY26 | FY27 | FY28 | |
| Revenue (Cr.) | 4,569 | 4,935 | 5,247 | 5,323 | 5,916 |
| Profit Before Tax (Cr.) | 756 | 979 | 1,060 | 1,038 | 1,153 |
| PBT Margin | 16.5% | 19.8% | 2020.2% | 19.5% | 19.5% |
| Net Profit (Cr.) | 566 | 728 | 785 | 763 | 847 |
| Earnings Per Share | 507.2 | 652.9 | 704.0 | 684.2 | 760.1 |
Analyst Recommendations
| Broker | Recommendation | Target Price | Date |
|---|---|---|---|
| Citigroup | ▲ Buy | 46,500 | 14-Aug-2026 |
| Elara Capital | ▲ Buy | 46,000 | 14-Aug-2026 |
| HSBC | ▲ Buy | 47,560 | 14-Aug-2026 |
| Kotak Securities | ▼ Sell | 37,000 | 30-Jun-2026 |
| Macguire | ▼ Underperform | 32,500 | 14-Aug-2026 |
| Moneycontrol | ▲ Overweight | nan | 01-Jul-2026 |
| Morgan Stanley | ▲ Overweight | 42,636 | 14-Aug-2026 |
| Motilal Oswal | ▲ Buy | 45,000 | 14-Aug-2026 |
Company Overview
Show Company Profile
Page Industries Limited manufactures, markets, and distributes textile garments and clothing accessories for men, women, and kids in India and internationally. The company offers vests, briefs, boxer briefs, trunks, inner boxers, tank tops, t-shirts, polos, henleys, sweatshirts, jackets, hoodies, windcheater, boxer shorts, shorts, bermudas, joggers, track pants, pyjamas, pants, bras, panties, crop tops, camisoles, kurta and kurti slips, shrugs, sleep dresses, capris, culottes, leggings, shapewears, caps, handkerchief, and masks; face, hand, bath, and gym towels; calf, ankle, knee, low show, and no show socks; and thermals under Jockey brand. Page Industries Limited was incorporated in 1994 and is headquartered in Bengaluru, India.