Page Industries

Bengaluru, India Founded: 1994 • Age: 32 yrs Listed Fortune India 500 · #478
Specializes in high-quality innerwear brands for men and women.
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About Page Industries

Page Industries is a publicly listed company based in Bengaluru (India) founded in 1994 by Nari Genomal, Sunder Genomal, and Ramesh Genomal. It specializes in high-quality innerwear brands for men and women. It operates on a B2C model. The company has 21,244 employees. Its website pageind.com draws about 99 thousand monthly visits. Its Indian entity Page Industries Limited reported revenue of ₹5,311 Cr. Its focus areas include Consumer Goods, Apparel, Clothing and Innerwear. Its competitors include Freecultr, Bummer and Lux Innerwear; 2 of its 3 listed competitors have raised funding.

Company details

Page Industries, established in 1994, excels in producing consumer products, apparel, clothing, and innerwear. Specializes in high-quality innerwear brands for men and women. Committed to advancing standards, it focuses on innovation, efficiency, and delivering value to clients worldwide. It continues to evolve, meeting industry challenges with strategic approaches.

Page Industries is ranked #478 on the Fortune India 500 (2025).

Recognitions & Rankings of Page Industries

Fortune India 500 2025 edition
Rank#478
Total income
₹4,913 Cr
Profit
₹729 Cr
Last year #465
India's Most Valuable Companies 2024 edition · Source: Hurun India
Rank#127
Valuation
₹51,470 Cr
2023 #113 2022 #71 2021 #98
  • Headquarters Bengaluru, India
  • Employees 21,244
  • Founders Nari Genomal, Sunder Genomal, Ramesh Genomal
  • Stage Public
  • Sectors
    Consumer
  • Website pageind.com
  • Social LinkedIn X
  • Legal Name Page Industries Limited
  • Date of Incorporation 15 Nov, 1994
  • Jurisdiction Bengaluru, Karnataka, India
Operational Areas
Consumer → Fashion & Lifestyle Products
Key Metrics
  • Market Cap
    ₹39,619 Cr

    PAGEIND · NSE

  • Share Price
    ₹35,930.00

    +1.15% today

  • Revenue
    ₹5,247 Cr

    FY 2025-26 · +6.3% YoY

  • EBITDA
    ₹1,118 Cr

    Margin 21.3%

  • Net Profit
    ₹790 Cr

    FY 2025-26 · +8.3% YoY

  • P/E (TTM)
    51.0x

    P/B 26.5x

  • ROE
    52.5%

    ROCE 62.1%

  • Debt / Equity
    0.19

    Interest cover 4.9x

  • Employee Count
    21,244

Board of directors of Page Industries Limited (Page Industries)

Page Industries Limited is the primary company behind Page Industries. The board of Page Industries Limited currently have 14 directors; the longest-serving is Ramesh Genomal, appointed in 1994. 20 earlier directors have ceased.

DirectorDesignationAppointedTenureEntity
Ramesh Genomal
DIN 00931277
Director15 Nov 199431 yrs 11 moPage Industries Limited
Sunder Genomal
DIN 00109720
Director01 Apr 200917 yrs 7 moPage Industries Limited
Shamir Genomal
DIN 00871383
Whole-time director01 Jun 201412 yrs 5 moPage Industries Limited
Ganesh Venkatasubramaniyam
DIN 07822261
Managing Director25 May 20179 yrs 5 moPage Industries Limited
Varun Berry
DIN 05208062
Director25 May 20188 yrs 5 moPage Industries Limited
Rohan Genomal
DIN 06970529
Director11 Nov 20214 yrs 11 moPage Industries Limited
Arif Vazirally
DIN 00256108
Director26 May 20224 yrs 5 moPage Industries Limited
Jignesh Jaswant Bhate
DIN 01195939
Director10 Nov 20223 yrs 11 moPage Industries Limited
Sanjeev Naraindas Genomal
DIN 01399731
Director25 May 20233 yrs 5 moPage Industries Limited
Christopher Carroll Smith
DIN 10483079
Director08 Feb 20242 yrs 8 moPage Industries Limited
Shravan Subramanyam
DIN 00695586
Director14 Aug 20242 yrs 2 moPage Industries Limited
Naina Krishna Murthy
DIN 01216114
Director01 Oct 20242 yrs 1 moPage Industries Limited
Dinesh Ramkrishin Malkani
DIN 06621722
Director28 May 20251 yr 5 moPage Industries Limited
Suresh Eshwara Prabhala
DIN 02130163
Director28 May 20251 yr 5 moPage Industries Limited

People of Page Industries

3 people are tracked at Page Industries (3 in leadership); the tracked headcount is 21,244.

NameRoleGroup
Nari Genomal
Co-FounderLeadership
Sunder Genomal
Co-Founder, Managing DirectorLeadership
Ramesh Genomal
Co-FounderLeadership
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IPO & Listings of Page Industries

Page Industries is a publicly listed company on the NSE with ticker symbol PAGEIND in India, operating in the Readymade Garments/ Apparells sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.

  • Listed onNSE: PAGEIND
  • Listed entityPage Industries Limited
  • Exchange sectorReadymade Garments/ Apparells

Financials of Page Industries

Exchange-reported figures of Page Industries Limited, the listed company behind Page Industries (NSE: PAGEIND).

Financial Highlights

FY 2025-26 · Standalone
Revenue
₹5,247 Cr
+6.3% YoY
EBITDA
₹1,118 Cr
+5.2% YoY
Profit After Tax
₹790 Cr
+8.3% YoY
Net Worth
₹1,503 Cr
+6.8% YoY
Total Assets
₹1,788 Cr
+6.8% YoY
Total Debt
₹277 Cr
+5.7% YoY

Revenue vs Net Profit ₹ Cr

Margin trends

Financial summary ₹ Cr

MetricsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Income statement
Revenue5,2474,9354,7914,9264,0212,8332,946
Revenue growth+6.3%+3.0%-2.7%+22.5%+41.9%-3.8%-
EBITDA1,1181,063860863787527533
EBITDA margin+21.3%+21.5%+18.0%+17.5%+19.6%+18.6%+18.1%
Profit before tax1,025979756758709453462
Net profit790729569571537341343
Net profit margin+15.1%+14.8%+11.9%+11.6%+13.4%+12.0%+11.7%
EPS (₹)684.80653.70510.30512.15481.02305.34307.71
Balance sheet
Total assets1,7881,6731,7871,7841,2061,0201,005
Net worth1,5031,4071,5971,3711,089885820
Total debt277262185406110127176
Cash & bank4324713238.10283435117
Net working capital8427739801,053667545507
Cash flow
Cash from operations7941,2041,080(1.61)327696517
Cash from investing(21.21)11.66(370)35.78119(401)(26.60)
Cash from financing(744)(1,010)(621)(179)(396)(366)(378)
ParticularsJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024
Revenue1,4201,2531,3871,2911,3171,0981,3131,246
Revenue growth (YoY)+7.9%+14.1%+5.6%+3.6%+3.1%---
Other income10.6117.1712.4319.4914.8120.1314.0514.55
Total expenses1,1319921,1041,0111,0228631,011965
EBITDA289261283280295235303281
EBITDA margin+20.3%+20.8%+20.4%+21.7%+22.4%+21.4%+23.0%+22.6%
Depreciation28.6128.0426.5425.4326.6224.8629.6622.62
Interest12.4311.8812.7312.5112.6611.8311.9410.92
Profit before tax259238256261270219275262
Tax65.7759.0766.7266.3169.4254.6770.3167.21

Financial Statements

Figures in ₹ Cr; negatives in brackets. Updated 06 Nov 2026
ParticularsJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024
Revenue1,4201,2531,3871,2911,3171,0981,3131,246
Revenue growth (YoY)+7.9%+14.1%+5.6%+3.6%+3.1%---
Other income10.6117.1712.4319.4914.8120.1314.0514.55
Total expenses1,1319921,1041,0111,0228631,011965
EBITDA289261283280295235303281
EBITDA margin+20.3%+20.8%+20.4%+21.7%+22.4%+21.4%+23.0%+22.6%
Depreciation28.6128.0426.5425.4326.6224.8629.6622.62
Interest12.4311.8812.7312.5112.6611.8311.9410.92
Profit before tax259238256261270219275262
Tax65.7759.0766.7266.3169.4254.6770.3167.21
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Revenue5,2474,9354,7914,9264,0212,8332,946
Revenue growth+6.3%+3.0%-2.7%+22.5%+41.9%-3.8%-
Other income63.9061.6432.4014.7320.9819.4724.64
Total expenses4,1293,8723,9314,0633,2342,3062,412
Employee cost943822804885720564532
EBITDA1,1181,063860863787527533
EBITDA margin+21.3%+21.5%+18.0%+17.5%+19.6%+18.6%+18.1%
Depreciation10799.2390.8378.0965.4762.9161.36
Interest49.7846.3844.8941.2833.6030.3334.39
Profit before tax1,025979756758709453462
Tax262249187187172113119
Net profit790729569571537341343
Net profit margin+15.1%+14.8%+11.9%+11.6%+13.4%+12.0%+11.7%
EPS (₹)684.80653.70510.30512.15481.02305.34307.71
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Equity & liabilities
Share capital11.1511.1511.1511.1511.1511.1511.15
Reserves & surplus1,4911,3961,5861,3601,077874809
Shareholders' funds (net worth)1,5031,4071,5971,3711,089885820
Secured loans11.880.000.002480.000.0438.05
Unsecured loans265262185158110127138
Total debt277262185406110127176
Total liabilities1,7881,6731,7871,7841,2061,0201,005
Assets
Gross block1,2281,065754714598577536
Net block871758488485402386406
Capital work in progress1.4572.2423915065.2627.8528.73
Investments0.000.000.000.000.000.000.00
Inventories1,0568591,1701,595975555719
Sundry debtors20119215914616513773.78
Cash & bank balances4324713238.10283435117
Loans & advances22222122421214598.02105
Total current assets1,9111,7421,8761,9621,5681,2251,015
Total current liabilities1,069970895909901680507
Net working capital8427739801,053667545507
Total assets1,7881,6731,7871,7841,2061,0201,005
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Opening cash23833.19(55.95)88.9739.65111(1.81)
Net cash from operating activities7941,2041,080(1.61)327696517
Net cash from investing activities(21.21)11.66(370)35.78119(401)(26.60)
Net cash from financing activities(744)(1,010)(621)(179)(396)(366)(378)
Net change in cash28.9720589.14(145)49.32(71.10)113
Closing cash4324713238.10283435117
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Growth
Sales growth+6.3%+3.0%-2.7%+22.5%+41.9%-3.8%-
EBITDA growth+5.2%+23.6%-0.3%+9.6%+49.3%-1.1%-
PBT growth+4.8%+29.4%-0.2%+7.0%+56.3%-1.9%-23.8%
Net income growth+8.3%+28.1%-0.4%+6.4%+57.4%-0.7%-
Revenue CAGR (3Y)+2.1%+7.1%+19.1%+18.7%+12.1%+3.6%+11.4%
EBITDA CAGR (3Y)+9.0%+10.5%+17.7%+17.4%+8.4%-0.9%+8.7%
Profitability & leverage
Net income margin+14.6%+14.8%+11.9%+11.6%+13.3%+12.0%+11.7%
Return on capital employed+62.1%+59.2%+44.9%+53.5%+66.7%+47.8%+53.0%
Return on net worth+52.5%+48.5%+38.4%+46.5%+54.4%+40.0%+43.0%
Debt / equity0.190.150.200.210.120.180.16
Long-term debt / equity0.160.120.090.080.090.130.09
Interest cover4.924.815.845.264.666.537.29
Efficiency & per share
Fixed asset turnover4.585.436.537.516.855.096.30
Inventory turnover5.484.863.463.835.264.454.01
Debtors turnover26.7228.1831.4531.6626.6126.8729.81
EPS (₹)684.80653.70510.30512.15481.02305.34307.71
Dividend per share (₹)550.00900.00370.00250.00370.00250.00161.00
Book value per share (₹)1,347.141,261.611,431.711,229.20976.00793.33735.05

Competitors of Page Industries

Page Industries has 3 listed competitors in our database, 2 of them funded. They include Freecultr, Bummer and Lux Innerwear.

Company NameDomainFoundedHQ LocationTotal fundingEmployeesDescription
Freecultr
freecultr.com2011Delhi, India$18.44M15
Internet first brand offering eco-friendly innerwear for men and women
Bummer
bummer.in2020Ahmedabad, India$1.97M16
Online platform offering multi-category innerwears and swim suite for both mena nd women
Lux Innerwear
luxinnerwear.com1957Kolkata, India426
Internet-first brand offering inner wear
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Detailed competitors of Page Industries

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Web traffic of Page Industries

The website of Page Industries (pageind.com) receives about 99K visits a month.

  • Monthly visits
    99K

    ▼ 15.9% vs previous month

Similar websites

Websites whose visitors overlap most with Page Industries. Affinity shows how closely the audiences match.

WebsiteDomainAudience affinityMonthly visitsGlobal rankProfile
Vedant Fashions
vedantfashions.com
100%
17.8K#1,611,096View details
Jockey
jockey.in
65%
2M#17,922View details

Top companies in Fashion & Lifestyle Products

3 companies that operate in the same segment as Page Industries (Fashion & Lifestyle Products) in India, ranked by their profile score on The Company Check.

CompanyDescriptionFoundedLocationTotal fundingRevenueEmployees
Lenskart
Eyewear is offered online for men, women, and kids.
2010Gurugram, Haryana, IndiaUSD 1.04 BUSD 939.4 M18,984
Kalyan Jewellers
Jewellery is retailed via stores and an online platform.
1993Thrissur, Kerala, IndiaUSD 3.83 B12,466
Tanishq
Fine jewelry brand
1994Bengaluru, Karnataka, IndiaUSD 10.3 B126
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Related news about Page Industries

Page Industries: Nomura on Page Industries initiates Buy, Target Price Rs 44000; Expects volume-led low-teens sales growth, compared with low-single-digit CAGR over FY23–26, driven by new categories, collections, deeper penetration and digital transformation. Digitisation-led efficiencies are expected to be reinvested in the business, limiting margin expansion. The stock is valued at 45x December 2028 P/E, a 20% discount to its 15-year average, while slower volume growth remains the key downside risk.
Exchange Update • 4 days ago
Page Industries: Company And Yellow Flower Trading LLC Both Submit New Appeals In Dubai Court After Claims Were Rejected.
Exchange Update • 11 days ago
Volumes spurt at RHI Magnesita India Ltd counter | Capital Market News - Business Standard
Business Standard • 1 month ago
Page Industries: Company Dubai Court Dismisses Yellow Flower Trading Claim
Exchange Update • 1 month ago
Page Industries Served With Dubai Court Notice For Claim By Yellow Flower Trading
Reuters • 2 months ago
Page Industries Faces ₹294 Crore Claim in Dubai Over UAE Distribution Dispute
CNBC-TV18 • 2 months ago
Page Industries shares decline 2.09%, trading at Rs 35,665.00
Moneycontrol • 2 months ago
Page Industries Shares Decline 2.03%, Among Top Losers on Nifty Midcap 150
Moneycontrol • 2 months ago
Reduce Page Industries; target of Rs 31,500: ICICI Securities
Moneycontrol • 2 months ago
Page Industries shares gain 2.01%, trading at Rs 37,490
Moneycontrol • 2 months ago
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Frequently Asked Questions about Page Industries

Page Industries was founded in 1994.

Page Industries is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.

Page Industries has 21,244 employees.

The primary company behind Page Industries, Page Industries Limited, reported revenue of ₹5,311 Cr for FY 2026, up 6% year on year.

Page Industries, established in 1994, excels in producing consumer products, apparel, clothing, and innerwear. Specializes in high-quality innerwear brands for men and women. Committed to advancing standards, it focuses on innovation, efficiency, and delivering value to clients worldwide. It continues to evolve, meeting industry challenges with strategic approaches.

Page Industries's top competitors include Bummer, Freecultr and Lux Innerwear.

Yes, Page Industries is publicly traded on NSE under the ticker symbol PAGEIND.

Page Industries operates through Page Industries Limited.

The legal entities of Page Industries currently have 17 directors, including Ramesh Genomal, Shamir Genomal, Sanjeev Naraindas Genomal and others.

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