Jockey Jackpot: Page Industries Unveils Rs 150 Dividend Windfall

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Page Industries, the exclusive licensee of Jockey in India and several other South Asian and Gulf countries, has announced a generous interim dividend of Rs 150 per equity share for the financial year 2025–26. The announcement came alongside the company’s Q1 results, which showed steady growth in revenue and profitability. With the record date set for August 13, 2025, and payment scheduled by September 5, shareholders are poised to benefit from the company’s strong performance and shareholder-friendly policies.

Here’s a detailed breakdown of the dividend announcement and what it signals for investors and the broader apparel sector.

1. Dividend Details and Timeline

Key highlights from the company’s board meeting include:

- Interim dividend declared: Rs 150 per equity share
- Record date: August 13, 2025
- Payment date: On or before September 5, 2025

This marks the first interim dividend for FY26 and reflects Page Industries’ continued commitment to rewarding its shareholders amid stable financial performance.

2. Q1 Financial Performance Snapshot

The dividend declaration was accompanied by the company’s Q1FY26 earnings report, which showed a healthy uptick across key metrics:

- Revenue from operations rose 3.1 percent year-on-year to Rs 1,316.6 crore
- Sequential revenue growth stood at 6.3 percent compared to Q4FY25
- EBITDA increased to Rs 319 crore, up from Rs 283 crore in Q1FY25
- EBITDA margin improved to 24.3 percent from 22.2 percent last year
- Profit after tax surged 21.5 percent year-on-year to Rs 200.8 crore
- Earnings per share climbed to Rs 180.02, up from Rs 148.13 in Q1FY25

These results underscore the company’s operational efficiency and ability to maintain profitability despite subdued consumption trends.

3. Market Reaction and Strategic Outlook

Despite the strong financials, Page Industries’ stock saw a slight dip post-announcement, trading 0.86 percent lower at Rs 45,865.05. Over the past month, the stock has declined by approximately 6 percent, reflecting broader market volatility and cautious investor sentiment.

Management remains optimistic, citing ongoing efforts in product innovation, process automation, and digital transformation. The company continues to invest in expanding its consumer reach while maintaining cost discipline and stable pricing.

4. Sector Context and Shareholder Value

Page Industries’ dividend announcement comes at a time when discretionary spending in India is showing mixed signals. While festive consumption patterns have shifted and geopolitical tensions have impacted sentiment, the company’s online business remains resilient.

The Rs 150 dividend per share translates to a substantial cash reward for investors, reinforcing the company’s reputation for consistent and generous payouts. For long-term shareholders, this move signals confidence in future earnings and a stable cash flow outlook.

5. What This Means for Investors

For those holding Page Industries stock as of the record date, the interim dividend offers a tangible return on investment. It also reflects the company’s strong fundamentals and disciplined capital allocation strategy.

Investors should note:

- To be eligible for the dividend, shares must be purchased before the ex-dividend date
- The payout adds to the company’s history of high dividend yields, making it attractive for income-focused portfolios
- Continued margin expansion and profitability suggest potential for future dividends in FY26

With its strong brand portfolio, operational resilience, and shareholder-first approach, Page Industries remains a key player in India’s premium apparel segment.

Sources: News18, MSN Money, NDTV Profit, ET Now Business