Page Industries earnings calls.

Page Industries delivered muted Q3 FY26 results with revenue growth of 5.6Current reported value: 5.6. No comparable prior figure is available in the source record.% YoY to Rs 1,386.8Current reported value: 1,386.8. No comparable prior figure is available in the source record. crore, as weak consumer sentiment and general trade channel softness constrained performance. Volume grew only 1.4% YoY (58.6M piecesCurrent 58.6M pieces. Reported change: +1.4% YoY.), with the 4% ASP increaseCurrent 4% ASP increase. Reported change: +4% YoY. driven by favorable mix shift toward premium athleisure and bonded technology products rather than price hikes. EBITDA margin expanded to 22.9%Current 22.9%. Reported change: -20bps YoY. on cost controls, but PAT declined 7.4% due to a one-time Rs 350M provision for new labor codes. Management acknowledged that double-digit growth targets remain elusive but expects sequential recovery into Q4 with new product launches (Jan-Feb), store expansion, and improved marketing. The 19-21% EBITDA margin guidanceCurrent reported value: 19-21% EBITDA margin guidance. No comparable prior figure is available in the source record. is maintained despite current quarter's outperformance, with management citing upcoming brand investments and inflationary cost pressures. Distribution expansion continues with 13,600 MBO outlets and 56 exclusive brand stores, while JKY collection scaled to 150 EBOs with 500 target by April 2026. Key risks include persistent entry-level demand weakness, potential cotton price volatility, and ongoing offline-to-online channel migration pressuring general trade.