By BillCut
Last updated: 13 November 2026
The Page Industries share price is in the news after the company’s board met on 12 November 2026 to approve results for the quarter ended 30 September 2026 (Q2 FY27) and declare a second interim dividend. According to Business Standard, the shares fell sharply after the results. It cited volume growth below management’s double digit guidance, a lower EBITDA margin and high cotton and input costs. Page Industries holds the Jockey licence in India. This post explains how to read the news. It gives no price, target or view on buying or selling.
What did Page Industries report for Q2 FY27 ₹
The company’s investor relations page lists a board meeting dated 12 November 2026 and a Q2 2026-27 earnings call notice. When checked, the results document and investor presentation were not yet posted there. The figures below are as reported by Business Standard, not taken from the filing.
| Figure | Q2 FY27, as reported | Change year on year |
|---|---|---|
| Revenue from operations | Rs 1,439.6 crore | Up 11.5% |
| Profit after tax | Rs 202.5 crore | Up about 4% |
| EBITDA | Rs 300.1 crore | Margin down 80 basis points to 20.8% |
| Sales volume | 59.7 million pieces | Up 5.5% |
Business Standard also reported first half FY27 revenue of Rs 2,860.1 crore, up 9.7%, with first half profit roughly flat.
Why did the results disappoint the market, according to reports?
- Volume growth: first half volume growth was about 5.6%, against management’s FY27 guidance of double digit growth. A brokerage analyst quoted by Business Standard said “stronger volume growth will be required”.
- Input costs: management said it was watching costs closely. Cotton was expensive and volatile, and crude linked raw materials stayed elevated.
- Price hikes: Q1 increases offset only part of this.
These are reported reasons, not company statements about the share move.
What about the Rs 150 dividend and record date?
Business Standard reported a second interim dividend of Rs 150 per equity share for FY2026-27, with a record date of 18 November 2026 and payment on or before 11 December 2026. We could not open the exchange filing, so these details are reported and not yet confirmed by us. Check them on the exchange filing before you rely on them.
- Interim dividend: paid during the year, before annual accounts are final.
- Record date: the date on which the company checks who its shareholders are. Only those on the register that day get the dividend.
- Settlement: a purchase takes time to settle, so buying on the record date itself is usually too late. Ask your broker for the cut off.
How do you read the Page Industries share price news correctly?
- Profit after tax is what is left after all costs and tax.
- EBITDA is operating profit before interest, tax, depreciation and amortisation. The EBITDA margin is EBITDA as a share of revenue.
- Basis points: 100 basis points equal one percentage point. A fall of 80 basis points is 0.8 percentage points.
- Volume versus value: revenue can grow through price hikes even when fewer pieces sell.
- Guidance: management’s own target. Missing it can matter more than headline growth.
Where can you find the official filing?
Listed companies file results and dividend details with the exchanges. Use the NSE corporate announcements page and search for the symbol PAGEIND. The same filings appear on the BSE website. If a dividend due to you does not arrive, ask the company first, then use SEBI SCORES. SEBI’s investor education portal explains market basics. New investors can read our guide to the basics of the stock market in India.
Should you borrow to buy shares on results news?
No. Do not use a credit card or personal loan to buy shares, even for a dividend. Card dues not paid in full attract interest under the rules in the RBI master direction on credit cards. See how credit card interest builds up.
- Margin and loans against shares: if prices fall, the lender can ask for more margin or sell pledged shares.
- Illustrative example: a Rs 30,000 card spend used to buy shares keeps attracting interest if unpaid, while the shares may lose value.
- Priority: pay EMIs and card dues first. Watch the debt stress signs many people ignore.
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Disclaimer: This post is for information only and is not investment, tax or legal advice. It does not recommend buying, selling or holding any security. Investing in shares carries risk, including loss of capital. Results and dividend facts are as reported on 13 November 2026 and should be checked on the exchange filing.
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