Page Industries net profit at Rs. 67. 95 crores, growth of 8.5%
Bangalore, 11th August, 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 June, 2016. Page Industries is the exclusive licensee of Jockey International Inc. (USA) and Speedo International Limited (UK).
The company recorded sales of Rs. 567. 84 crores for the quarter ended June 30th 2016, an increase of 27.8 percent from the corresponding quarter last year. The net profit for the period was Rs. 67.95 crores, a growth of 8.5 percent.
Mr. Sunder Ashok Genomal - Managing Director, Page Industries Ltd says, “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.”
“The first 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 285 Exclusive Brand Stores and 44,000 + retail stores in 1400 cities and towns across India.
As on June 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.