Page Industries Limited reported profits for the fourth quarter of its fiscal year on Thursday, totaling Rs. 108.20 crore, a 38.1 per cent increase over the previous quarter’s earnings of Rs. 78.35 crore in FY ’23. It reported operating revenue of Rs. 995.35 crore, up 3.2 per cent from Rs. 964.59 crore in the same period the previous year. With an EBITDA of Rs. 167.20 crore, the company outperformed its prior year by 24.5 per cent.
The company sold 45.3 million units, a 6.1 per cent increase in sales volume. The company said in a statement that beneficial input costs and operational expense reduction substantially offset the effects of investments in marketing campaigns and digital transformation.
Page Industries’ revenue for the entire year was Rs. 4581.70 crore, a 2.8 per cent decrease from the first half of the fiscal year due to the company’s lacklustre performance. PAT for FY ’24 was equal to FY ’23 at Rs. 569.20 crore.
V.S. Ganesh, Managing Director, 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 has also been pivotal in enabling us to achieve an impressive 38.1 per cent growth in PAT for Q4.”
Page Industries is the exclusive licensee of JOCKEY International Inc. (USA) for manufacture, distribution and marketing of the JOCKEY® brand in India, Sri Lanka, Bangladesh, Nepal, Oman, Qatar, Maldives, Bhutan and 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 is the company’s flagship brand and a market leader in the premium innerwear and leisure wear category. The brand is distributed in 2,750+ cities & towns and available in 1,05,000+ Multi Brand Outlets, 1,382 Exclusive Brand Stores (EBS) with extensive presence in 1,670+ Large Format Stores, as well as online. Speedo brand is available in 1,049 stores and 32 EBOs, spread across 90+ cities.
