Page Industries Limited , the exclusive licensee of Jockey International Inc. (USA) in India and other select markets, has announced robust financial results for the first quarter, demonstrating strong growth and operational efficiency.

Financial Highlights

Dividend Declaration

The Board of Directors has declared a first interim dividend of Rs 150.00 per equity share. The record date for the dividend is set for August 13, with the payment to be made on or before September 5.

Management Commentary

V.S. Ganesh, Managing Director of Page Industries Limited, expressed satisfaction with the company's performance, stating, "I am happy to share that we have achieved PAT growth of 21.5% in the quarter. We continue to expand our consumer reach, pursue several product innovation and process automation initiatives while focusing on optimum market investments and cost efficiency measures."

Operational Highlights

• New Product Launch: The company introduced the JKY Groove product range, targeting younger consumers. The initial response has been encouraging.
• Manufacturing Expansion: Commercial production has commenced at the new state-of-the-art manufacturing facility in Odisha.
• Digital Transformation: Page Industries is progressing with the implementation of a modern Distribution Management System through Salesforce and is on track for full deployment. The migration to SAP S4 HANA is also advancing as planned.
• Online Business: The company's e-commerce segment continues to deliver robust growth.

Market Outlook

Despite subdued consumption patterns affecting tertiary sales growth in the quarter, Page Industries remains optimistic about demand recovery in the coming quarters. The company cites positive interventions to boost consumption, including low inflation, lower borrowing rates, and direct tax rate rationalization, which are expected to strengthen consumer buying power.

About Page Industries Limited

Page Industries is the exclusive licensee of JOCKEY International Inc. (USA) for manufacture, distribution, and marketing of the JOCKEY® brand in India and select international markets. The company is also the exclusive licensee of Speedo International Ltd. for the Indian market. With a strong distribution network spanning 2,715 cities and towns, Page Industries' products are available in over 110,000 multi-brand outlets and 1,490 exclusive brand stores across India.

The company continues to focus on expanding its product range, enhancing its distribution network, and implementing digital initiatives to drive growth and maintain its market leadership in the premium innerwear and leisure wear categories.

Page Industries Limited , the exclusive licensee of Jockey International Inc. (USA) in India and several other countries, has reported a strong financial performance for the first quarter. The company's results showcase robust growth in profitability and operational efficiency.

Financial Highlights

Page Industries reported a quarterly revenue of Rs 13,166.00 million, marking a 3.1% increase compared to Rs 12,775.00 million in the same period last year. The company's net profit saw a significant jump, rising 21.5% year-over-year to Rs 2,008.00 million from Rs 1,652.00 million.

The company's EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) showed impressive growth, increasing by 21.1% to Rs 2,947.00 million, up from Rs 2,433.00 million in the corresponding quarter of the previous year. The EBITDA margin improved substantially to 22.4% from 19.0% in the corresponding quarter of the previous year.

Operational Performance

Page Industries reported a modest increase in sales volume, which grew by 1.9% year-over-year, amounting to 58.6 million pieces sold during the quarter.

Dividend Declaration

The Board of Directors has declared an interim dividend of Rs 150.00 per equity share. The record date for the dividend payment is set for August 13, with the payment to be made on or before September 5.

Management Commentary

V.S. Ganesh, Managing Director of Page Industries Limited, expressed satisfaction with the company's performance. He stated, "I am happy to share that we have achieved PAT growth of 21.5% in the quarter. We continue to expand our consumer reach, pursue several product innovation and process automation initiatives while focusing on optimum market investments and cost efficiency measures."

Market Outlook

The company remains optimistic about future demand recovery. Ganesh highlighted positive factors such as low inflation, lower borrowing rates, and direct tax rate rationalization, which are expected to strengthen consumer buying power. He also noted that deeper adoption of e-commerce would significantly aid in expanding the organized retail ecosystem.

New Product Launches

Page Industries has expanded its product range with the introduction of JKY Groove, aimed at meeting the latest trends for younger consumers. The company has launched this new fashionable range of products on jockey.in and select Exclusive Brand Outlets (EBOs) across the country, with initial response reported as very encouraging.

Operational Updates

The company has successfully completed the pilot run of a modern Distribution Management System through Salesforce and is on track for full deployment. Additionally, migration to SAP S4 HANA is progressing as planned.

Page Industries has also commenced commercial production at its new state-of-the-art manufacturing facility in Odisha, with plans to gradually ramp up production in the coming months.

The company continues to maintain a strong market presence with 1,10,487 multi-brand outlets, 1,490 exclusive brand stores, and extensive coverage across 2,715 cities and towns in India.

As Page Industries Limited continues to focus on innovation, market expansion, and operational efficiency, it remains well-positioned to capitalize on the growing demand for premium innerwear and leisure wear in its licensed markets.