Mumbai, 6th February 2025: Page Industries Limited, India’s leading apparel manufacturer, today announced its financial results for the third quarter and nine months ended December 31st, 2024
Key Financial Highlights for Q3 FY 25:
- Salesvolume grew 7% YoY, amounting to 57.8 million pieces
- Revenueat 13,131 million, a 7.1% increase YoY
- EBITDAwas 3,025 million- growth of 33.6% YOY.
- ProfitAfter Tax (PAT) at 2,047 million, a 34.3% increase YOY
Key Financial Highlights for 9M FY25 :
- Revenueat 38,368 million, growth of 7.3% YoY
- EBITDAwas 8,273 million, growth of 19% YoY
- PATwas 5,651 million, growth of 22.6% YoY
Commenting on the results, Mr. V.S. Ganesh, Managing Director, Page Industries Limited said, “I am thrilled to announce that we have achieved strong profit growth, driven by consistent revenue increases and meticulous control over operating expenses. Our unwavering commitment to investing in top talent, product innovation, and digital transformation is propelling us towards our strategic goals. We are perfectly positioned to seize promising future growth opportunities, with modern retail and e-commerce continuing to serve as powerful growth engines.
Our focus on these areas not only strengthens our overall market position but also ensures we remain at the forefront of industry advancements.”
Outlook and Trends:
The Indian apparel retail sector confronts short-term headwinds due to dampened consumer sentiment. Nonetheless, long-term growth prospects remain robust, propelled by economic expansion, urbanization, and rising disposable incomes. Athleisure and innerwear are poised as pivotal growth drivers, complemented by the proliferation of organized retail and e-commerce.
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, 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 2,710 cities & towns and available in 1, 10,176 Multi Brand Outlets, 1,436 Exclusive
Brand Stores (EBS) with extensive presence in 1,212 Large Format Stores, as also online. Speedo brandis available in 1001 stores and 37 EBOs, spread across 150+ cities.
