Page Ind stock reports Q1 FY27 revenue growth with volume lagging
Published on 10/04/2026 at 14:08 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS
Page Ind (ISIN INE761H01022) was last at INR 36,660 on the NSE on October 1, 2026 at 3:15 p.m. IST, up 0.76 percent from the prior close. The latest operating update points to a recovery story with an important qualification: revenue grew, but volume and profit performance remained below the company's full-year ambitions.
Revenue grows as volume lags
According to TradeBrains, Page Industries generated INR 1,420.4 crore of revenue in Q1 FY27, an increase of 7.9 percent year over year. Sales volume reached 61.9 million pieces, up 5.7 percent, while profit after tax fell to INR 192.8 crore.
The contrast matters for investors. Revenue growth exceeded volume growth by 2.2 percentage points, indicating that pricing and product mix supported sales even as physical demand remained below the double-digit volume objective.
Margins face input cost pressure
TradeBrains reported EBITDA of INR 289 crore and an EBITDA margin of 20.3 percent for Q1 FY27, compared with 22.4 percent a year earlier. The company's stated comfort zone is 19-21 percent, so the margin remained inside the target band despite the year-over-year decline.
The main counter-factor is cost inflation. Cotton and synthetic-fiber prices pressured profitability, while logistics and manpower disruptions limited the quarter's volume delivery. Management has kept its double-digit volume goal for the full year, placing more weight on the remaining three quarters.
Analyst target stays above the price
Investing.com lists a Buy consensus from 25 analysts, comprising 16 Buy, 4 Hold and 5 Sell ratings. The average 12-month target is INR 41,895.72, with a high of INR 47,700 and a low of INR 31,500.
Against the NSE price of INR 36,660 on October 1, 2026, the consensus target lies 14.29 percent above the stock. That gap reflects expectations for a volume-led recovery, but the lower current margin and raw-material exposure remain the key tests for the thesis.
Stock remains below yearly high
Page Ind was last at INR 36,660 on the NSE on October 1, 2026 at 3:15 p.m. IST, with a daily gain of 0.76 percent. The price stood 16.39 percent below the 52-week high of INR 43,855 and above the low of INR 29,805.
Page Ind stock facts
- Company: Page Industries Limited
- ISIN: INE761H01022
- Ticker: PAGEIND
- Trading venue: NSE
- Price as of October 1, 2026, 3:15 p.m. IST: INR 36,660
- Market capitalization: INR 408.9 billion (as of October 1, 2026)
- 52-week range: INR 29,805-INR 43,855 (as of October 1, 2026)
- Sector / Industry: Textiles
