Bangalore, 8th Nov, 2012: Page Industries Ltd. a leading manufacturer of innerwear, leisurewear, sportswear and swimwear for men and women in India announced its financial results today for the quarter ended 30th September 2012. Page Industries is the exclusive licensee of Jockey International Inc. (USA) and Speedo International Limited (UK).
The company recorded sales of Rs. 220.11 crore for the quarter ended September 30th, 2012, an increase of 22 percent from the corresponding quarter last year. The net profit for the period was Rs 30.75 crore, a growth of 21 percent.
Commenting on the company’s performance Mr. Sunder Ashok Genomal - Managing Director, Page Industries Ltd said;
“The second quarter of the financial year 2012-13 has been extremely satisfactory, eventful and rewarding for us at Page Industries. Besides witnessing a healthy growth in sales and net profit, we launched an aggressive, high decibel campaign on television for the first time with the brand positioning ‘Jockey or Nothing’. We believe this campaign will further boost our brand saliency and strike an emotional chord with our target audience.
“This quarter also witnessed another milestone with the launch of our 75th exclusive brand store. With 49 stores in high streets and 26 in shopping malls with high footfalls, we are all set to rapidly broaden our exclusive brand outlet base throughout the country including smaller towns and tier 2 and 3 cities".
“This quarter also saw good progress on the launch of the Speedo brand, which is now available in 525 stores including large format stores in 12 cities and two Speedo exclusive brand outlets located in Delhi and Bangalore. The initial response for Speedo products has been overwhelming.”
As on September 30th, 2012, Page Industries Ltd. had over 13000 employees, spread over 10 state-of-the-art manufacturing complexes in Bengaluru. The Jockey brand is sold in 23,000 outlets across 1,200 cities and towns pan India.
About Page Industries Ltd
Page Industries Ltd. is engaged in the manufacturing, distribution and marketing of innerwear, leisurewear and sportswear 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.