Page Industries Ltd. a leading manufacturer of innerwear, leisurewear and sportswear for men and women in India today announced its financial results for the quarter ending on 31st March 2012. Page Industries is the exclusive licensee of Jockey International Inc. (USA) and Speedo International Limited (UK).
The company recorded sales of Rs. 154.28 crore for the quarter ended March 31st, 2012, an increase of 39 percent from the corresponding quarter last year. The net profit for the period was Rs 17.05 crore, a growth of 32 percent. For the 12 month period ending 31st March, 2012 the company registered sales of Rs 683.41 crore, a growth of 39 percent, while the net profit for the same period was Rs 89.98 crore, a growth of 54 percent.
Commenting on the company’s performance Mr. Sunder Ashok Genomal - Managing Director, Page Industries Ltd said; “The fourth quarter of the financial year 2011-12 has been extremely satisfactory, eventful and rewarding for us at Page Industries. The Jockey International Meet held at Melbourne in March this year honoured us for our “Outstanding Advancement of the Jockey Global Retail Image”. Besides witnessing a robust growth in sales and net profits, we have taken strides in the area of product launches with the launch of Jockey Kids’ range for Boys and Girls. The market has been extremely positive to this launch and sales have surpassed expectations. Our new advertising campaign for 2012-13 will strengthen the emotional connect with our consumers and drive recall and saliency for our brand”
Jockey products are retailed through 71 exclusive brand outlets and 20000 + retail stores in 1200 cities and towns across India.
As on March 31, 2012, Page Industries Ltd. had over 13000 employees, spread over 8 state-of-the-art manufacturing complexes in Bengaluru.