From Single Digit to Rs 250 Dividend: Page Industries’ Rewarding Journey for Shareholders

Introduction: Page Industries’ Rise in Dividends

When it comes to rewarding shareholders, Page Industries has set a remarkable standard. Known for its consistent dividend payouts, the company has steadily evolved its dividend history from modest single-digit amounts to a record-high interim dividend of Rs 250 per share. This growth reflects both Page Industries’ robust financial health and its commitment to sharing profits with its shareholders, making it a favorite among long-term investors.

A Journey of Steady Dividend Growth

Page Industries started its dividend journey with a humble Rs 6 interim payout. By 2010, it crossed into double digits with a Rs 10 dividend. Since November 2011, the company has consistently announced dividends in double digits, marking a significant commitment to shareholder returns. The journey reached a milestone in 2018 when Page Industries declared a triple-digit dividend of Rs 110, underscoring its rapid growth and increased profitability.

In the past year alone, Page Industries has declared dividends totaling Rs 595 per share, demonstrating its dedication to regular and generous returns. Since August 27, 2007, the company has declared an impressive 67 dividends. For the latest Rs 250 interim dividend, the record date is set for November 16, 2024, with payment slated on or before December 6, 2024.

Q2FY25 Performance: Growth Across Key Metrics

In the latest quarter, Page Industries reported notable growth across key financial metrics, further strengthening its market position:

• Sales Volume: Up by 6.7% year-over-year (YoY), reaching 55.2 million pieces, indicating strong consumer demand.
• Revenue: Increased by 11% YoY, totaling Rs 12,463 million, reflecting the company’s successful market strategies.
• EBITDA: At Rs 2,815 million, EBITDA grew 22% YoY, with a healthy margin of 22.6%. The growth was primarily driven by stable input costs and improved operational efficiencies.
• Profit After Tax (PAT): PAT stood at Rs 1,953 million, marking an impressive 29.9% YoY increase, showcasing effective cost management and profitability.

Brand Leadership: Jockey and Speedo’s Extensive Market Reach

Page Industries is not just about dividends; it’s about brand strength. The company is the exclusive licensee of Jockey International Inc. (USA), producing and marketing the JOCKEY® brand in multiple regions including India, Sri Lanka, Bangladesh, and several Middle Eastern countries. With Jockey as its flagship brand, Page Industries has established itself as a leader in the premium innerwear and leisurewear market. Jockey products are available in over 2,710 cities and towns across India, with a presence in 1,07,702 multi-brand outlets and 1,387 exclusive brand stores.

Additionally, Page Industries holds exclusive rights for the Speedo brand in India, catering to the performance and swimwear market through 938 stores and 35 exclusive outlets spread across 150+ cities.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.