👕 Page Industries Q1FY26: Margins Shine, But Volume Recovery Key

Highlights Revenue growth muted at 3.1% YoY, volumes up 1.9% EBITDA margin surged to 22.4% (guided 19–21% for FY26) Odisha plant operational; JKY Groove piloted across 50 outlets & online Demand weak in April–May, recovery seen in June Innerwear steady, athleisure outperformed, online strong Inventory days down to 56 from 64 Management maintains high single-digit volume growth guidance for FY26 Valuation rich at 56x FY27E EPS, leaving little room for error Takeaway: Page delivered margin resilience through efficiency gains and tight costs, but topline growth remains muted. With brand equity intact and capacity expansion underway, the stock’s near-term upside hinges on a clear volume recovery. 🔖 Hashtags #PageIndustries #Q1FY26 #EarningsUpdate #StockMarketIndia #ConsumerStocks #Investing