Page Industries Beats Estimates with Rs 1.64 Billion Profit, Declares Rs 200 Dividend

Page Industries Ltd has reported stronger-than-expected financial results for the fourth quarter, surpassing analyst estimates. The company posted a consolidated net profit of Rs 1.64 billion, exceeding the IBES estimate of Rs 1.38 billion. Revenue from operations also came in higher than expected at Rs 10.98 billion, compared to the projected Rs 10.81 billion. In addition to its solid earnings, the board has declared a final dividend of Rs 200 per share, reinforcing its commitment to rewarding investors.  

 

Quarterly Performance Highlights  

- Profit surged past expectations, reflecting operational efficiency and cost management  

- Revenue growth was driven by steady demand for innerwear, sportswear, and athleisure products  

- The company maintained stable margins despite industry-wide inventory challenges  

 

Dividend Announcement and Market Outlook  

- Page Industries has approved a dividend of Rs 200 per share, marking one of the highest payouts in the sector  

- The move underscores the company’s strong cash flow and commitment to shareholder returns  

- Analysts anticipate sustained growth, supported by brand strength and expanding retail presence  

 

With a solid financial performance and a generous dividend payout, Page Industries reinforces its position as a leading player in India’s apparel market.  

 

Sources: Moneycontrol, Economic Times, Page Industries Official Announcement, Livemint