MANAGING DIRECTORS MESSAGE
August 11th, 2016
It is my pleasure to share with you that we have registered a growth of 27.8% in sales for the quarter ending June 2016, over the corresponding quarter of the previous year. Our sales touched Rs. 567.84 crores in this quarter. The net profit for the period was Rs. 67.95 crores, a growth of 8.5%.
The Company has witnessed an extremely encouraging sales growth trajectory in the first quarter of 2016-17 in both volume and value. To add to this, we have made remarkable strides in the areas of new product development, distribution, retail expansion, automation and brand building in this quarter.
We inaugurated our 285th JOCKEY Exclusive Brand Store this quarter. Each of these stores has received an overwhelming response from our patrons, motivating us to take rapid strides in exclusive store expansion across potential markets.”
Under the JOCKEY brand we launched LACE ESSENTIALS for Women. Being a lightweight 100% cotton collection in classic cuts with delicate trim detailing, the range can be worn both as sleepwear and innerwear. The response at the stores to this range has been overwhelming.
Our new marketing campaign FEELS LIKE JOCKEY was launched this quarter. The campaign celebrates the ambitions, aspirations and attitude of the youth of today who are at the core of brand Jockey’s target audience. Television was used as the key medium to drive the message complimented by ‘Out of Home’ and Print. The campaign continues to resonate very positively with our viewers.
This quarter has taken the Speedo brand to 1205 plus stores including large format stores across 85 cities and ten Speedo Exclusive Brand Outlets located in Delhi, Gurgaon, Bangalore, Chennai, Mumbai and Pune. The response to Speedo Swimwear and equipment products by retailers and consumers alike has been extremely heart- warming.
I take this opportunity to thank each and every one of you for your support, belief and confidence in Page Industries. My heartfelt thanks goes to the Central and State Governments, our shareholders, financial institutions, suppliers, distribution partners, franchisees and to all my colleagues on the Board for their immense support and encouragement.
I wish to specially acknowledge my entire team at Page Industries for their unrelenting commitment, dedication and passion towards creating and sustaining a world class enterprise like ours.
Sunder Ashok Genomal /Managing Director