Fashion
India’s Page Industries sees steady Q2 growth despite soft margins
In the first half (H1) of fiscal 2026 (FY26), the company’s performance was stronger. Revenue grew 3.3 per cent to ₹26,704 million, and sales volumes increased 2.23 per cent to 115.2 million pieces. EBITDA rose 9.4 per cent to ₹5,742 million, and PAT expanded 9.7 per cent to ₹3,956 million, reflecting healthier profitability.
Page Industries has posted modest Q2 FY26 growth, with revenue up 3.6 per cent to ₹12,909 million (~$145.5 million) and sales volumes rising 2.5 per cent, though EBITDA and PAT saw slight declines.
H1 performance was stronger, with revenue up 3.3 per cent and healthier margins.
The company expects consumption to improve with GST 2.0, lower lending rates, and e-commerce growth.
The company noted that expected improvements in consumption—driven by GST 2.0, lower lending rates, rapid e-commerce expansion, and strengthening quick-commerce channels in metros and other cities—are likely to support future growth. The company added that it maintains a leading position in modern retail, and early consumer response to its new bonded-tech product line has been promising, Page Industries said in a press release.
“Our continued focus on operational efficiency and cost optimisation measures while investing in product innovation and distribution expansion has contributed to strong operating margins. While revenue growth was moderate this quarter, we are well positioned to capitalise on the improvement in demand in the coming months,” said VS Ganesh, managing director, Page Industries Limited.
Fibre2Fashion News Desk (SG)
Several new and expanded FDI projects were licensed in October.
Vietnam attracted FDI worth over $31.5 billion in the first ten months this year—up by 15.6 per cent YoY.
Disbursed capital also reached a five-year high of $21.3 billion during the period—an increase of 8.8 per cent YoY.
Over the period, investment in manufacturing and processing reached $18.2 billion, accounting for more than 57.8 per cent of the total registered capital and rising by 6.8 per cent YoY.
Disbursed capital also reached a five-year high of $21.3 billion during the period—an increase of 8.8 per cent YoY.
The figures were recently revealed by Minister of Finance Nguyen Van Thang at the 2025 Vietnam Business Forum (VBF).
Manufacturing and processing continued to attract the most FDI. Over the 10 months, investment in this sector reached $18.2 billion, accounting for more than 57.8 per cent of the total registered capital and increasing by 6.8 per cent YoY, according to domestic media outlets.
Alongside quantity, the quality of FDI has also been improving as more projects in electronics, artificial intelligence and semiconductor flow into Vietnam.
The country’s Foreign Investment Agency assessed that though global FDI flows are adjusting, Vietnam still stands to gain from regional production shifts, particularly in key sectors like renewable energy.
Fibre2Fashion News Desk (DS)
By
Reuters
Published
November 21, 2025
Ross Stores raised its annual profit forecast on Thursday, betting on resilient demand for its discounted apparel and accessories ahead of the holiday season amid looming macroeconomic uncertainties.
Shares of the company, which also beat estimates for third-quarter sales, were up about 3% in after-market trading.
Off-price retailers such as Ross Stores have been attracting budget-conscious customers as shoppers increasingly seek branded goods at lower prices due to persistent inflation and volatile trade policy.
“Core value shopper remained resilient despite lapsed SNAP benefits and broader tariff uncertainty weighing on household budgets,” said eMarketer analyst Suzy Davidkhanian.
Rival TJX also raised its annual profit target on Wednesday, helped by strong demand for discounted apparel and home furnishings.
Ross Stores expects annual earnings per share in the range of $6.38 to $6.46, compared to its previous expectations of between $6.08 and $6.21.
Its third-quarter sales of $5.6 billion beat estimates of $5.42 billion, according to data compiled by LSEG.
Comparable sales rose 7% in the quarter.
The company expects fourth-quarter profit of $1.77 to $1.85 per share, compared to its previous estimates of between $1.74 and $1.81. It also expects the holiday quarter same-store sales to rise 3% to 4%, up from its previous 2% to 3% growth forecast.
“Holiday gifting may still skew toward essentials for this shopper, but the quarter underscores that the lower-income consumer is holding up better than many feared,” Davidkhanian added.
© Thomson Reuters 2025 All rights reserved.
By
Reuters
Published
November 20, 2025
Gap beat Wall Street expectations for third-quarter comparable sales on Thursday, helped by strong marketing-driven demand for its Old Navy and Banana Republic brand apparel despite economic uncertainty.
Shares of the company rose nearly 4% in extended trading.
The apparel maker has banked on efforts such as introducing limited-edition products in collaboration with Disney, Netflix’s “Stranger Things”, and Universal’s “Wicked”.
This has helped attract customers at a time when consumer spending in the U.S. has been pressured by persistent inflation and the Trump administration’s volatile trade policies.
The retailer had also launched initiatives such as “Better in Denim” featuring global girl group Katseye, alongside campaigns such as “Feels Like Gap” and “Get Loose with Troye Sivan”, which helped boost brand relevance among Gen Z.
The brand has also been preparing to launch an affordable beauty and personal care line this fall in a bid to diversify beyond apparel.
Gap reiterated its forecast for a tariff impact on its annual operating margin between 100 and 110 basis points. The company sources less than 10% of its merchandise from China as of 2024, while that from Mexico and Canada together is less than 1%.
CEO Richard Dickson had said in May the company expects reliance on China to be less than 3% exiting 2025.
For the quarter ended November 1, Gap’s comparable sales rose 5%, beating expectations of 3.26% growth, according to data compiled by LSEG.
Comparable sales for Old Navy and namesake Gap brands rose 6% and 7% each, and grew 4% for Banana Republic.
Meanwhile, comparable sales for Athleta, Gap’s athleisure brand, fell 11%, marking its fourth consecutive quarter of decline. It has been narrowing its assortment to focus on items in demand such as women’s activewear to turn around the business.
Gap’s quarterly revenue rose 3% to $3.94 billion, narrowly surpassing expectations of $3.91 billion.
© Thomson Reuters 2025 All rights reserved.
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Vietnam attracts FDI worth over $31.5 bn in Jan-Oct 2025; up 15.6% YoY
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