Page Industries reported a turnover of Rs. 45,817 million, EBITDA at Rs. 8.722 million, and PAT at Rs. 5,692 million for FY24. Commenting on the results, Mr. V.S. Ganesh, Managing Director of Page Industries Limited, said, “I am pleased to share that our strategic commitment to sustainable sales practices and meticulous inventory management has been instrumental in maintaining robust margins and enhanced profitability. Focused efforts to optimize operational efficiency have also been pivotal in enabling us to achieve an impressive 38.1% growth in PAT for Q4. Our adaptive strategies, including enhancing supply chain productivity and modernizing our distribution management system in response to the market’s evolving demands, have shown early signs of stabilizing revenue this quarter, despite challenges due to generally subdued market conditions. Our e-commerce channel continues to drive substantial growth, reflecting evolving consumer purchasing behavior. With continued investments in our strategic drivers, we are well-positioned to seize long-term opportunities for growth.”
Outlook
The outlook for the innerwear and athleisure industry in India remains positive, driven by advances in fabric technology and a growing trend towards health-conscious and active lifestyles. Over the next decade, significant growth in the athleisure market is expected. This shift towards high-quality, functional apparel is set to enhance consumer engagement and drive demand in both urban and rural markets.
Page Industries is well-positioned to capitalize on these trends through strategic investments in brand building, market expansion, and technology adoption. The company’s focus on enhancing e-commerce capabilities and expanding its distribution network will be key to capturing market share.
Brand Leadership
Page Industries is the exclusive licensee of JOCKEY International Inc. (USA) for the manufacture, distribution, and marketing of the JOCKEY® brand in India, Sri Lanka, Bangladesh, Nepal, Oman, Qatar, Maldives, Bhutan, and the UAE. Page Industries is also the exclusive licensee of Speedo International Ltd. for the manufacture, marketing, and distribution of the Speedo brand in India.
Jockey, the company’s flagship brand, is a market leader in the premium innerwear and leisurewear category. The brand is distributed in over 2,750 cities and towns and is available in more than 105,000 multi-brand outlets, 1,382 exclusive brand stores, and 1,670+ large format stores, as well as online. The Speedo brand is available in 1,049 stores and 32 exclusive brand outlets, spread across 90+ cities.
