Page Industries Ltd.Volume +5.7%, EBITDA margin 20.3% in range

Page Industries reported Q1 FY27 revenue of ₹14,204 mn, up 7.9%, on sales volume of 61.9 mn pieces, up 5.7%.

EBITDA was ₹2,890 mn, down 1.9%, and the EBITDA margin was 20.3% against 22.4% a year earlier, inside management's 19% to 21% range. Profit after tax was ₹1,928 mn, down about 4%. Management blamed temporary quarter-end logistics and manpower disruption, which left about seven days of invoiced billing undelivered against a usual three to four, and cotton, nylon and packaging inflation that a 2.2% price rise in mid-May only partly recovered.

It expects most of the undelivered billing and the May price gain to reach revenue in Q2. The CEO kept the goal of double-digit volume growth for FY27 and the CFO the annual EBITDA margin outlook of 19% to 21%. Inventory days fell to 66 from 73. Management also pointed to the Groove 3 launch, Disney and Marvel merchandise, a consumer data platform due live by the end of August, and manufacturing investment above plan.