MANAGING DIRECTORS MESSAGE
February 10th, 2017
It is my pleasure to share with you that we have registered a growth of 18.63% in sales for the quarter ending December 2016, over the corresponding quarter of the previous year. Our sales touched Rs. 521.18 crores in this quarter. The net profit for the period was Rs. 62.88 crores, a growth of 20.89%.
The third quarter of 2016-17 was unique and eventful. The month of December 2016 registered a record sale of Rs.205 crores, a milestone in the history of Page Industries.
We inaugurated our largest JOCKEY Exclusive Brand Outlet in India at Bangalore with a carpet area of 2,800 square feet this quarter. With the launch of the 325th Exclusive Brand Outlet, our JOCKEY brand outlets now cover 244 stores in high streets and 81 stores in the busiest shopping malls across Metros, Tier One, Tier Two and Tier Three cities.
Milestones such as these reinforce the resilience of brand Jockey and strengthen our conviction about the tremendous potential the brand has in the coming years.
The third 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 Genomal /Managing Director