Bangalore, 12th February, 2014:
Page Industries Ltd. a leading manufacturer of innerwear, leisurewear, sportswear and swimwear for men and women in India, today announced its financial results for the quarter ending on 31st December, 2013. Page Industries is the exclusive licensee of Jockey International Inc. (USA) and Speedo International Limited (UK).
The company recorded sales of Rs. 302.51 crores for the quarter ended December 31st, 2013, an increase of 40 percent from the corresponding quarter last year. The net profit for the period was Rs 34.63 crores, a growth of 36 percent.
Mr. Sunder Ashok Genomal - Managing Director, Page Industries Ltd says, “We witnessed a growth driven and result oriented third quarter in 2013-14.Sales and net profits have been encouraging. We celebrated Diwali with our valued customers through a smartly conceptualized marketing campaign across Print, Out of Home, Television, Cinema and the Digital medium. Television and Cinema helped drive the ‘Brand Connect’ with a wide cross section of consumers across the country. Through Print and Out of Home, we communicated our diversity in product ranges and styles for Men and Women. Our social media initiatives on platforms such as Facebook, Twitter, You Tube and Pinterest were a perfect complement to the youth, who form the core of the brand’s inspiration.”
“We inaugurated our 126th Exclusive Brand Store this quarter. Our brand stores now cover 95 stores in high streets and 31 stores in the busiest shopping malls across Metros, Tier One, Tier Two and Tier Three cities. Each of these stores has received an overwhelming response from our patrons, motivating us to take rapid strides in store expansion across potential markets. "
“The third quarter has taken the Speedo brand to 850 plus stores including large format stores across 70 cities and five Speedo exclusive brand outlets located in Delhi, Gurgaon, Bangalore, Chennai and Pune. The performance so far has been extremely heart- warming. ”
Jockey products are retailed through 126 exclusive brand outlets and 25,000 + retail stores in 1200 cities and towns across India.
As on December 31, 2013, Page Industries Ltd. has over 16,000 employees, spread over 9 state-of-the-art manufacturing complexes in Bengaluru and Hassan.
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.