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Systematix Research has a hold rating and believes that rising competition in the innerwear and athleisure categories remains a key concern for Page Industries. | Image: Company website
3 min read Last Updated : Nov 28 2025 | 10:28 PM IST
The stock of innerwear major Page Industries hit its lowest level in the last year and half. From its 52-week high on June 27 this year at ₹50,471, it has shed about 32 per cent. It is currently trading at ₹38,356.
In addition to a muted September quarter performance (Q2FY26), brokerages have cut earnings estimates citing muted demand, delayed volume recovery and slower expansion. At the current price, the stock is trading at 49 times its FY27 earnings estimates.
A subdued demand environment hit its volume performance over the last couple of quarters. The company’s Q2 revenues was up 3.6