Page Industries stock (INE761H01022): Indian apparel leader rises 3.95% on strong market position

Page Industries, India's largest apparel company and exclusive Jockey licensee, traded up 3.95% to Rs 31,720 as of mid-March 2026, reflecting investor confidence in its dominant market position and brand portfolio.

Page Industries, the exclusive licensee of Jockey International for India and neighboring markets, has maintained its position as the leading player in India's organized innerwear and leisurewear segment. The stock traded at Rs 31,720.00 on March 18, 2026, representing a 3.95% gain from its previous close of Rs 30,515.00, according to Economic Times as of March 18, 2026.

As of: May 12, 2026

By the editorial team – specialized in equity coverage.

At a glance

• Name: Page Industries Ltd
• Sector/industry: Textiles & Apparel (Innerwear and Leisurewear)
• Headquarters/country: Bangalore, India
• Core markets: India, Sri Lanka, Bangladesh, Nepal, UAE
• Key revenue drivers: Jockey brand innerwear and leisurewear; Speedo brand swimwear
• Home exchange/listing venue: National Stock Exchange of India (NSE), Bombay Stock Exchange (BSE); ticker PAGEIND
• Trading currency: Indian Rupees (INR)
• Market cap: Approximately Rs 35,380 crore as of March 2026

Page Industries: core business model

Page Industries was incorporated in 1994 and became a public company in March 2007. The company operates as the exclusive licensee of Jockey International Inc., a US-based innerwear brand, for manufacture and distribution across India, Sri Lanka, Bangladesh, Nepal, and the UAE. Additionally, Page Industries holds the exclusive license for Speedo International Ltd., manufacturing and marketing Speedo-branded swimwear in India. This dual-brand portfolio positions the company as a dominant player in India's organized apparel segment, where branded innerwear and leisurewear command premium pricing and consumer loyalty.

The company's promoters, the Genomal family, have maintained a 50-year relationship with Jockey International as the sole licensee in the Philippines before establishing Page Industries in India. This deep heritage and brand stewardship have enabled the company to build strong distribution networks and consumer recognition across South Asia and the Middle East, making it a key player in the region's growing middle-class consumer market.

Main revenue and product drivers for Page Industries

For the financial year ending March 31, 2025, Page Industries' key revenue segments included Innerwear & Leisurewear, which represents the core business, along with Scrap & Others and Duty Drawback contributions, according to Economic Times as of March 2026. The innerwear and leisurewear segment drives the majority of revenue through the Jockey brand's strong market presence and consumer preference for quality and comfort in India's expanding middle-class demographic.

The company's market valuation of Rs 35,380.09 crore as of March 2026 reflects investor confidence in its brand equity and market dominance. With a price-to-earnings ratio of 47.23 and a price-to-book ratio of 25.14, the stock commands a premium valuation typical of India's leading branded consumer goods companies, indicating market expectations for sustained growth and profitability in the organized apparel sector.

Conclusion

Page Industries remains a cornerstone holding in India's organized apparel sector, leveraging its exclusive Jockey and Speedo brand licenses to capture premium market share across South Asia. The stock's 3.95% gain in mid-March 2026 reflects sustained investor interest in the company's market leadership and brand strength. For US-based investors seeking exposure to India's growing consumer market through established branded players, Page Industries represents a significant player in the region's apparel industry, though investors should note that the company trades on Indian exchanges in Indian rupees and is subject to Indian market regulations and currency fluctuations.

Disclaimer: This article does not constitute investment advice. Stocks are volatile financial instruments.