Huge Payout Alert! Massive Rs 125 Dividend, Shareholders Set To Get Paid Before December 12; Check Record Date

For FY26, Page Industries, an Indian company that holds the only license to produce, market, and distribute the Jockey and Speedo brands in India, announced a sizable cash payout for its shareholders. At its meeting on November 13, 2025, the Board of Directors approved an enormous 2nd Interim Dividend for FY 2025-2026, totalling Rs 125 per equity share. This article includes all of the details on Page Industries' financials, dividend details along with expert opinion on the stock price outlook.

Page Industries Dividend

"We further inform you that the Board of Directors of the Company at their meeting held today (i.e., 13 November 2025) has declared 2nd Interim Dividend 2025-26 of Rs. 125/- per equity share. As informed earlier, the record date fixed for the payment of interim dividend is 19 November 2025. The date fixed for payment of dividend is on or before 12 December 2025," said Page Industries in a stock exchange filing.

Page Industries Q2FY26 Result Highlights

In the second quarter that ended on September 30, 2025, the company's net profit fell to Rs 194.76 crore from Rs 195.25 crore in the same period last year. The quarter's revenue rose from Rs 1,246.3 crore to Rs 1,291 crore, a 3.6% rise over Q2FY25. EBITDA decreased 0.7% from the year-ago quarter to Rs 279.6 crore in Q2FY26. The quarter's EBITDA margin slipped by 100 basis points to 21.6% from 22.6% in Q2FY25. Page Industries' total expenses increased by 5.1% to Rs 1,049.27 crore.

Mr. V.S. Ganesh, Managing Director, Page Industries Limited said, "Our continued focus on operational efficiency and cost optimisation measures while investing in product innovation and distribution expansion has contributed to strong operating margins. While revenue growth was moderate this quarter, we are well positioned to capitalise on the improvement in demand in the coming months.

Page Industries Target Price

"Page Industries is in a slow-moving down-to-sideways phase, struggling to maintain momentum. Lower highs suggest weak buyer strength, while support emerges around ₹38,500. A breakout above ₹41,000 is needed to reverse sentiment. Volumes remain muted, signalling indecision. Overall tone is cautious until a clear trend develops," commented Riyank Arora, technical analyst at Mehta Equities Ltd.

"We expect a revenue CAGR of 9.1%, EBITDA CAGR of 8.4% and PAT CAGR of 7.8% in FY25-28E, led by raw material tailwinds and premiumization. Reflecting sustained softness in the core category, a slower-than-expected volume revival despite channel inventory normalization, and a gradual scale-up of distribution limiting near-term revenue growth, we cut our EPS for FY26E/27E/28E by 1.8%/6.1%/9.4%. So, we roll forward to FY28E and revise our TP to INR 49,482 (from INR 52,268), valuing the stock at 60x FY28E P/E (66x FY27E P/E earlier). Upgrade to BUY from Accumulate, given potential upside of 25% on our TP. Key risks are long-term slowdown in demand and sharp rise in raw material prices," commented Prerna Jhunjhunwala of Elara Capital.

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