Page Industries net profit up by 20.89% at Rs. 62.88 crores
Bangalore, 10th February, 2017: Page Industries Ltd. a leading manufacturer of innerwear, leisurewear, active wear, sleepwear and swimwear for men and women in India, announced today its financial results for the quarter ending on 31th December, 2016. Page Industries is the exclusive licensee of Jockey International Inc. (USA) and Speedo International Limited (UK).
The company recorded sales of Rs. 521.18 crores for the quarter ended December 31st, 2016, an increase of 18.63 percent from the corresponding quarter last year. The net profit for the period was Rs. 62.88 crores, a growth of 20.89 percent.
Mr. Sunder Ashok Genomal - Managing Director, Page Industries Ltd says, “The third quarter of 2016-17 was unique and eventful. The month of December, 2016 registered a record sale of Rs. 205 crores, a milestone in the history of Page Industries.>
“We inaugurated our largest JOCKEY Exclusive Brand Outlet in India at Bangalore with a carpet area of 2,800 square feet this quarter. With the launch of the 325th Exclusive Brand Outlet, our JOCKEY brand outlets now cover 244 stores in high streets and 81 stores in the busiest shopping malls across Metros, Tier One, Tier Two and Tier Three cities."
“Milestones such as these reinforce the resilience of brand Jockey and strengthen our conviction about the tremendous potential the brand has in the coming years.”
Jockey products are retailed through 325 exclusive brand outlets and 44,000 + retail stores in 1400 cities and towns across India.
“The third quarter has taken the SPEEDO brand to 1205 stores including large format stores across 85 cities and ten Speedo exclusive brand outlets located in Delhi, Gurgaon, Mumbai, Bangalore, Chennai and Pune. The performance so far has been extremely heart- warming.”
As on December 31, 2016, Page Industries Ltd. has over 19,000 employees, spread over 12 state-of-the-art manufacturing complexes in Bengaluru, Hassan, Mysore, Gouribidnoor and Tiptur.
About Page Industries Ltd
Page Industries Ltd. is engaged in the manufacturing, distribution and marketing of Innerwear, Leisurewear, Active wear, Sleepwear and Swimwear for men and women. The company is the exclusive licensee of Jockey International Inc. (USA) in India, Sri Lanka, Bangladesh, Nepal and UAE and for Speedo International Limited (UK) in India.