Page Industries Ltd. a leading manufacturer of innerwear and leisurewear for men and women in India today announced its financial results for the quarter ending on 31st December 2011. Page Industries is the exclusive licensee of Jockey International Inc. (USA) and Speedo International Limited (UK).
The company recorded sales of Rs. 172.10 crore for the quarter ended December 31st, 2011, an increase of 28% percent from the corresponding quarter last year. The net profit for the period was Rs 19.91 crore, a growth of 27 percent. For the 9 month period ending 31st December, 2011 the company registered sales of Rs 529.12 crore, a growth of 39%, while the net profit for the same period was Rs 72.93 crore, a growth of 60%.
Commenting on the company’s performance Mr. Sunder Ashok Genomal - Managing Director, Page Industries Ltd said; “The third quarter of the financial year 2011-12 has been extremely satisfactory for us at Page Industries. Strategically, our aim is not just to be a highly profitable company but a high performance company. We achieve this by continuously strengthening our leadership position and reputation in the category and through aggressive growth in market share. We believe that this strategy has served us well and will ensure sustained long term robust growth and profitability. We are an aspirational yet affordable brand and will continue our efforts to be known for exemplary quality and a wide range of products.”
Jockey products are retailed through 71 exclusive brand outlets and 20000 + retail stores in 1200 cities and towns across India.
As on December 31, 2011, Page Industries Ltd. had over 13000 employees, spread over 8 state-of-the-art manufacturing complexes in Bengaluru.