Page Industries Announces ₹150 Interim Dividend as Q2 Net Profit Rises 4 Percent

Page Industries has declared a second interim dividend of ₹150 per equity share for the 2026-27 financial year, making it the largest payout announced by any company during the September quarter. The board of directors approved the dividend at a meeting held on November 12, 2026. November 18, 2026, is set as the record date to decide which shareholders are eligible, meaning investors must hold the stock by November 17 to qualify. The company will disburse the payment on or before December 11, 2026.

Earnings and Market Performance

The large payout arrived alongside the company's Q2 financial results, which showed a 4% increase in net profit to ₹202.5 crore. Net revenue rose 11.5% year-on-year to ₹1,439 crore, while sales volume grew 5.5%. Managing Director V.S. Ganesh stated that growth was supported by premiumisation and strong consumer response to new product launches. Despite the steady business numbers, the stock has remained under pressure and fell 21% over the past year, closing recently at ₹31,399.65 on the BSE.

Context

Page Industries holds the exclusive license for the Jockey brand in India, manufacturing innerwear and athleisure items. Companies often declare interim dividends during quarterly earnings announcements to reward investors even when broader stock prices face downward pressure from rising raw material costs.