Page Industries declares Rs.150 per share dividend, record date November 18
Page Industries has declared a second interim dividend of Rs.150 per share for FY27, with the record date set for November 18, 2026, according to Moody's.
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what happened
Page Industries, the listed innerwear and athleisure maker and Jockey licensee, has declared a second interim dividend for FY27 of Rs.150 per equity share. It is the largest interim payout announced so far in the September quarter. The record date is November 18, 2026, and the company says payment will be made on or before December 11, 2026.
The announcement came with September-quarter results: net revenue rose 11.5% to Rs.1,439 crore and net profit grew 4% to Rs.202.5 crore. The stock, however, fell 21% over the past year and ended 2% lower at Rs.31,399.65 on the BSE. HSBC kept its Buy rating but cut its target price, as volume growth of 5.5% came in well below its 10% estimate.
why it matters
The key question for the market is whether the company can meet its guidance for double-digit volume growth in FY27, which HSBC says would need about 14% growth in the second half. The large dividend contrasts with the stock's weak trend and the earnings miss on volumes. Information attributed to Moody's.
market impact
Page Industries: large dividend and 4% profit growth, but weak volume growth weighs on sentiment
tags
instruments
sources
- Rs.150 Dividend Alert! Record date next week of Jockey firm for biggest payout declared in Q2 - check key dates, history — Moody's, 14 November 2026 at 07:32 UTC
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