NSE: PAGEIND | BSE: 532827

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34645.00 280.00 (0.81%)

New 52W Low in past week

30,842 NSE+BSE Volume

NSE 13 Jan, 2026 3:31 PM (IST)

38,642.7

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Page Industries Ltd. share price target and research reports

Latest analyst research reports with target prices and PDF download for PAGEIND, BSE:532827 Page Industries Ltd.

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Page Industries Ltd.

14 Nov 2025

34645.00

0.81%

Weak Q2; physical channels dragging growth; Reduce

Sell: Page Industries Ltd.

Target

Emkay

We retain REDUCE on PAG and Sep-26E TP of Rs39,450 (45x P/E), as sub-par growth trends continued in Q2. PAG’s Q2 EBITDA was 6-18% lower than street’s/our estimates, on a 2-6% revenue miss and 100-300bps lower EBITDA margin.

Page Industries has lost -25.89% in the last 1 Year

Page Industries Ltd.

13 Nov 2025

34645.00

0.81%

Uninspiring performance; growth recovery awaited

Buy: Page Industries Ltd.

Target

Motilal Oswal

Page Industries (PAGE) reported muted revenue growth of 4% YoY, with volume growth of 2.5% (est. 4%; 2% in 1QFY26) to 56.6m units.

Page Industries has lost -27.72% in the last 6 Months

Page Industries Ltd.

07 Aug 2025

34645.00

0.81%

Muted performance; expect quick growth recovery

Buy: Page Industries Ltd.

Target

Motilal Oswal

In 1QFY26, Page Industries (PAGE) reported weaker revenue growth of 3% YoY, with volume growth of 2% (est. 9%; 8.5% in 4QFY25) to 58.6m units.

Page Industries has lost -27.72% in the last 6 Months

Page Industries Ltd.

25 Jun 2025

34645.00

0.81%

PAGE INDUSTRIES LIMITED

Hold: Page Industries Ltd.

Target

Geojit BNP Paribas

Number of FII/FPI investors decreased from 776 to 704 in Sep 2025 qtr

Page Industries Ltd.

15 May 2025

34645.00

0.81%

Strong volume growth with robust margin expansion

Buy: Page Industries Ltd.

Motilal Oswal

Page Industries (PAGE) reported 11% YoY sales growth in 4QFY25 (est. 8%; 7% in 3QFY25) and ~9% volume growth (est. 6%; 5% in 3QFY25) to 49m units. Volume growth was driven by consistent efforts in product innovation, marketing and distribution.

Number of FII/FPI investors decreased from 776 to 704 in Sep 2025 qtr

Page Industries Ltd.

25 Feb 2025

34645.00

0.81%

PAGE INDUSTRIES LIMITED

Hold: Page Industries Ltd.

Target

Geojit BNP Paribas

Number of FII/FPI investors decreased from 776 to 704 in Sep 2025 qtr

Page Industries Ltd.

06 Feb 2025

34645.00

0.81%

Result Update:Page Industries

Hold: Page Industries Ltd.

Target

Axis Direct

With a 7% downside from the CMP, we maintain our HOLD rating on the stock.

Page Industries has lost -25.89% in the last 1 Year

Page Industries Ltd.

06 Feb 2025

34645.00

0.81%

Underwhelming print; improvement in growth to be gradual

Hold: Page Industries Ltd.

Target

ICICI Securities Limited

Page Industries (PAGE) had underwhelming growth in revenue (+7% YoY) and volume (5% YoY) amidst demand challenges, leading to sequential deceleration, while channel inventory has largely normalised.

Page Industries Ltd. has an average target of 44873.20 from 5 brokers.

Page Industries Ltd.

05 Feb 2025

34645.00

0.81%

Moderate volume growth; beat on margins

Buy: Page Industries Ltd.

Motilal Oswal

Page Industries (PAGE) reported 7% YoY sales growth in 3QFY25 (est. 10%; 11% in 2QFY25), with 5% volume growth (est. 6%; 7% in 2QFY25) to 58m units.

Page Industries Ltd. has an average target of 44873.20 from 5 brokers.

Page Industries Ltd.

05 Feb 2025

34645.00

0.81%

Q3 beat on good margin execution; demand trends remain sluggish

Sell: Page Industries Ltd.

Recommendation Target

Emkay

PAG’s Q3 EBITDA was 7-19% ahead of street/our estimates, largely led by 250- 370bps better margin, as topline was 1-5% lower. Revenue growth moderated to 7% (vs 11% in Q2) due to muted demand environment.

Page Industries has lost -27.72% in the last 6 Months

Is Page Industries Ltd. worth buying?

381 Votes:

Buy 66.67%

Sell 21.0%

Hold 12.34%

RESEARCH REPORTS

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