• Startup Pulse
    altM raises $10.3 million in a Series A round led by Rainmatter by Zerodha and Mela Ventures, with Omnivore, Theia Ventures, Aureolis Ventures, Spectrum Impact and strategic angel investors participating. Venomics AI raises $2.7 million in a pre-seed round co-led by Speciale Invest and South Park Commons, with Operators Studio participating. EloElo Group raises $80 million in a Series C round led by Hornbill Capital and NBCUniversal, with MIT Investment Co. and existing investors participating. Peppermint Robotics raises ₹100 crore (approximately $10.5 million) in a Pre-Series B round led by pi Ventures and Crane Venture Partners, with Asiana Fund participating. Traversal raises $120 million in a Series B round at a $1 billion valuation, led by Kleiner Perkins, Redpoint and Khosla Ventures, with Sequoia Capital, Battery Ventures and Amex Ventures participating. GIVA raises over $100 million in a round led by Multiples Alternate Asset Management. The Croffle Guys raises ₹14 crore in a round led by V3 Ventures, with N.A.N Partners participating. Solgram raises over $1 million in a pre-seed round led by DSG Consumer Partners and Saama Capital, with Kapil Chopra participating. Sachin Tendulkar makes a strategic investment in Metasports Interactive, the company behind Hitwicket. The amount was not disclosed. Hyeglo Beauty raises ₹7 crore in a round led by Sauce, with Giga Capital, Consumer Collective, Reckitt's Arjun Purkayastha and The Patient Capital participating. altM raises $10.3 million in a Series A round led by Rainmatter by Zerodha and Mela Ventures, with Omnivore, Theia Ventures, Aureolis Ventures, Spectrum Impact and strategic angel investors participating. Venomics AI raises $2.7 million in a pre-seed round co-led by Speciale Invest and South Park Commons, with Operators Studio participating. EloElo Group raises $80 million in a Series C round led by Hornbill Capital and NBCUniversal, with MIT Investment Co. and existing investors participating. Peppermint Robotics raises ₹100 crore (approximately $10.5 million) in a Pre-Series B round led by pi Ventures and Crane Venture Partners, with Asiana Fund participating. Traversal raises $120 million in a Series B round at a $1 billion valuation, led by Kleiner Perkins, Redpoint and Khosla Ventures, with Sequoia Capital, Battery Ventures and Amex Ventures participating. GIVA raises over $100 million in a round led by Multiples Alternate Asset Management. The Croffle Guys raises ₹14 crore in a round led by V3 Ventures, with N.A.N Partners participating. Solgram raises over $1 million in a pre-seed round led by DSG Consumer Partners and Saama Capital, with Kapil Chopra participating. Sachin Tendulkar makes a strategic investment in Metasports Interactive, the company behind Hitwicket. The amount was not disclosed. Hyeglo Beauty raises ₹7 crore in a round led by Sauce, with Giga Capital, Consumer Collective, Reckitt's Arjun Purkayastha and The Patient Capital participating.
  • Page Industries Q3FY26: Revenue Grows 5.6 Per Cent While Operating Margins Remain Strong

    Page Industries Q3FY26

    Bengaluru: Page Industries Q3FY26 results show steady revenue growth and sustained operating margins for the third quarter and nine months ended December 31, 2025.

    Page Industries Limited, India’s leading apparel manufacturer, reported improved revenue performance during the quarter despite a decline in profit after tax due to one-time exceptional provisions.

    Page Industries Q3FY26 revenue stood at ₹13,868 million, marking a 5.6% year-on-year increase, while sales volume grew 1.4% YoY to 58.6 million pieces.

    EBITDA reached ₹3,181 million, up 5.2% YoY, and Profit After Tax (PAT) stood at ₹1,895 million, down 7.4% YoY.

    For the nine months ended December 31, 2025, Page Industries reported revenue of ₹39,942 million, reflecting 4.1% YoY growth.

    EBITDA for the period stood at ₹8,923 million, up 7.9% YoY, while PAT reached ₹5,851 million, growing 3.5% YoY.

    Also Read: Mega Textile Parks in Challenge Mode: Budget 2026 Announces Five-Component Textile Programme

    Page Industries Q3FY26 Financial Performance and Business Update

    Commenting on the results, V S Ganesh, Managing Director, Page Industries Limited, said: “I am pleased to share that we sustained strong operating margins while delivering improved revenue growth during the quarter. Profit after tax for the quarter reflects a decline due to one-time, exceptional provisions arising from the notification of the new Labour Codes.

    The encouraging consumer response to our innovative product launches, combined with our sharp focus on operating efficiencies and continued investments in digital and brand-building initiatives, positions us well to accelerate growth and further strengthen our leadership position in the periods ahead.”

    Page Industries Q3FY26: Outlook and Trends

    As consumer preferences shift toward improved retail experiences and accessibility, modern retail formats – including e-commerce and exclusive branded stores – are expected to continue expanding their market penetration.

    The company plans to focus on strengthening and diversifying its product portfolio while expanding and optimizing its distribution network across digital, exclusive, and traditional retail channels.

    Page Industries is the exclusive licensee of JOCKEY International Inc. (USA) for the manufacture, distribution, and marketing of the JOCKEY brand across India, Sri Lanka, Bangladesh, Nepal, Oman, Qatar, Maldives, Bhutan, UAE, and Saudi Arabia.

    The company is also the exclusive licensee of Speedo International Ltd. for manufacturing, marketing, and distribution of the Speedo brand in India.

    Author

    • Salil Urunkar

      Salil Urunkar is a senior journalist and the editorial mind behind Sahyadri Startups. With years of experience covering Pune’s entrepreneurial rise, he’s passionate about telling the real stories of founders, disruptors, and game-changers.

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