New Delhi: Page Industries Limited, the exclusive licensee of Jockey International Inc. in India, reported a 7.4% year-on-year decline in consolidated net profit to ₹189.54 crore for the third quarter ended December 31, 2025, impacted by one-time exceptional provisions related to new labour codes, according to its regulatory filing on Thursday.
The company had posted a net profit of ₹204.66 crore in the corresponding quarter of the previous fiscal, according to the unaudited financial results filed with the stock exchanges.
As per the BSE filing, its revenue from operations grew 5.6% to ₹1,386.76 crore during Q3 FY26, compared to ₹1,313.05 crore in Q3 FY25.
Commenting on the results, V.S. Ganesh, managing director at Page Industries Limited said, “I am pleased to share that we sustained strong operating margins while delivering improved revenue growth during the quarter. Profit after tax for the quarter reflects a decline due to one-time, exceptional provisions arising from the notification of the new Labour Codes.”
He added, “The encouraging consumer response to our innovative product launches, combined with our sharp focus on operating efficiencies and continued investments in digital and brand-building initiatives, positions us well to accelerate growth and further strengthen our leadership position in the periods ahead.”
On a sequential basis, net profit declined 2.7% from ₹194.76 crore in Q2 FY26, while revenue increased 7.4% from ₹1,290.86 crore in the preceding quarter.
Nine-month performance
For the nine months ended December 31, 2025, Page Industries’ consolidated net profit stood at ₹585.09 crore, up 3.5% from ₹565.14 crore reported in the year-ago period.
Total income for the nine-month period reached ₹4,040.91 crore, compared to ₹3,878.34 crore in the corresponding period last year, registering a growth of 4.2%.
Exceptional items impact
The company’s profit before exceptional items and tax for Q3 FY26 stood at ₹291.26 crore compared to ₹274.97 crore in the year-ago quarter. However, the quarter was impacted by exceptional items of ₹35 crore related to provisions arising from the notification of new Labour Codes. After accounting for these, profit before tax was ₹256.25 crore, down 6.8% from ₹274.97 crore in Q3 FY25.
Total expenses for the quarter increased to ₹1,107.93 crore from ₹1,052.13 crore in Q3 FY25.
Outlook
The company said consumer preferences are increasingly shifting toward superior retail experiences and greater accessibility, with modern retail formats including e-commerce and exclusive branded stores expected to continue their rapid growth and deeper market penetration.
Page Industries will sustain its focus on strengthening and diversifying its product portfolio, while simultaneously expanding and optimizing its distribution network across digital, exclusive, and traditional retail channels.>
