Should you buy, sell or hold Page Industries shares post-Q4 results?

Bengaluru-headquartered innerwear, loungewear and athleisure company Page Industries (PAGEIND) has staged an in-line performance for the March quarter. During market hours on Thursday, the company -- which is the Indian licensee of Jockey International -- registered a 9 per cent rise in net profit to Rs 179 crore for the March quarter.

Its quarterly revenue grew 14.1 per cent to Rs 1,253 crore, according to a regulatory filing.

According to Zee Business research, Page Industries was estimated to report a net profit of Rs 169 crore with revenue of Rs 1,187 crore for the January-March period.

Page Industries Q4 Earnings: Operatonal performance

Its March-quarter earnings before interest, taxes, depreciation and amortisation (EBITDA) climbed 11 per cent to Rs 261 crore, the filing showed.

The company's quarterly margin -- a key measure of profitability -- stood largely steady at 20.8 per cent versus 21.4 per cent a year ago.

Analysts had pegged its EBITDA at Rs 247 crore and margin at 20.8 per cent.

Brokerage views on Page Industries (PAGEIND)

Goldman Sachs raises Page Industries target to Rs 45,000

Goldman Sachs maintained a 'buy' call on Page Industries while raising its target price to Rs 45,000 from Rs 42,790.

The brokerage's target implies a 17.2 per cent upside from its previous close.

HSBC maintains 'hold' rating, target at Rs 38,190

On the other hand, HSBC retained its 'hold' rating for Page Industries with a target of Rs 38,190.

According to HSBC, the company's quarterly performance was strong with revenue exceeding the brokerage's estimates by 8.6 per cent.

The revenue growth, noted HSBC analysts, was driven by 11 per cent volume growth and its product mix, while improving consumer sentiment and a revival in athleisure also aided profitability.

The brokerage also noted that Page Industries took a calibrated price hike in Q4 FY26.

HSBC raised its revenue estimates for the company but trimmed its margin projection due to input cost inflation.