Q2 2026 Page Industries Ltd Earnings Call Transcript
Key Points
- Page Industries Ltd (BOM:532827) reported a revenue growth of 3.6% year-on-year for Q2 FY '26, with a 3.3% growth for the first half of the fiscal year.
- The company maintained a robust EBITDA margin of 21.7%, aided by stable raw material costs and focused marketing initiatives.
- There was a positive consumer response to new product launches, such as men's innerwear and bras with bonded tech, which encourages further distribution expansion.
- Modern retail channels, including e-commerce and exclusive brand stores, outpaced general trade, indicating strong growth in these areas.
- The company continues to strengthen its consumer reach, with a network of 110,636 multi-brand outlets, 1,527 exclusive brand stores, and 1,962 large-format points of sale.
- Overall consumption remained subdued for most of the quarter, impacting sales growth.
- EBITDA for the period declined by 0.7% year-on-year, with profit after tax showing a marginal decline of 0.3% year-on-year.
- The company experienced volatility in volume growth over the past quarters, attributed to down stocking at retailer levels and scheme calendar variations.
- Employee benefit expenses increased due to increments and higher headcount, contributing to a slight reduction in EBITDA margin.
- The company's revenue performance in the first two quarters was below internal targets, with efforts needed to achieve near double-digit growth.
Ladies and gentlemen, good day, and welcome to the Page Industries' Q2 H1 FY '26 earnings conference call. (Operator Instructions) Please note that this conference is being recorded.
I now hand the conference over to Ms. Purvangi Jain from Valorem Advisors. Thank you, and over to you, ma'am.
Good evening, everyone, and a very warm welcome to you all. My name is Purvangi Jain from Valorem Advisors. On behalf of the company, I would like to thank you all for participating in the company's earnings call for the second quarter of the financial year 2026. Before we begin, a quick cautionary statement. Some of the statements made in today's earnings conference call may be forward-looking in nature.
Such forward-looking statements are subject to risks and uncertainties, which could cause actual results to differ from those anticipated. Such statements are based on management's belief as well as assumptions made by and information currently available to the management. Audiences are cautioned not to place any
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