MANAGING DIRECTORS MESSAGE
November 10th, 2016
It is my pleasure to share with you that we have registered a growth of 15.2% in sales for the quarter ending September 2016, over the corresponding quarter of the previous year. Our sales touched Rs. 532.47 crores in this quarter. The net profit for the period was Rs. 68.67 crores, a growth of 14%.
The Company has witnessed an encouraging sales growth trajectory in the second 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 and retail expansion, sales automation and brand building in this quarter.
We inaugurated our 303rd 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.
We launched our Men’s Innerwear Collection ‘Heritage 1876’ by JOCKEY this quarter. This range of ‘all-over vintage prints’ in Tencel Cotton Elastane fabric has received an encouraging response at the stores from our upwardly mobile customers.
Our television campaign FEELS LIKE JOCKEY continues to celebrate the ambitions, aspirations and attitude of the youth of today who are at the core of brand Jockey’s target audience. Our ‘Out of Home’ campaign created awareness about our various product ranges.
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 Genomal /Managing Director