Page Industries net profit at Rs. 68. 67 crores, growth of 14%
Bangalore, 10th November, 2016: 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 30th September, 2016. Page Industries is the exclusive licensee of Jockey International Inc. (USA) and Speedo International Limited (UK).
The company recorded sales of Rs. 532. 47 crores for the quarter ended September 30th 2016, an increase of 15.2 percent from the corresponding quarter last year. The net profit for the period was Rs. 68.67 crores, a growth of 14 percent.
Mr. Sunder Ashok Genomal - Managing Director, Page Industries Ltd says, “The Company has witnessed 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, automation and brand building in this quarter.”
“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.”
“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.”
“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.”
“The second 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, Mumbai, Bangalore, Chennai and Pune. The performance so far has been extremely heart- warming.”
JOCKEY products are retailed through 303 Exclusive Brand Stores and 44,000 + retail stores in 1400 cities and towns across India.
As on September 30, 2016, Page Industries Ltd. has 19,000 employees, spread over 12 state-of-the-art manufacturing complexes in Bengaluru, Mysore, Hassan, Gauribidanur and Tiptur.
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.