₹150 Windfall: Page Industries Announces Delightful Dividend for Shareholders

Page Industries, the exclusive licensee of Jockey apparel in India, has declared a third interim dividend of ₹150 per share for FY25. This announcement follows a robust Q3 performance, with net profit surging 34.3% to ₹204.7 crore and revenue growing 7.1% to ₹1,313 crore. The company's EBITDA also saw a significant rise of 33.6% to ₹302 crore. While acknowledging short-term headwinds in the apparel retail sector due to dampened consumer sentiment, Page Industries remains optimistic about long-term growth, driven by economic expansion and the rise of athleisure and innerwear segments. The record date for the dividend is set for February 13, with payouts expected by March 7. 

 

Source: Moneycontrol, Economic Times, Upstox