Page Industries news and archive

PageIndustries plans to double manufacturing capacity

Page Industries plans to double its manufacturing capacity in India in the next five years. Its current installed capacity is 260 million pieces. Currently, the company’s manufacturing units cover 2.4 million sq. ft, which includes 14 locations in Karnataka and one location in Tamil Nadu. The company is setting up a greenfield manufacturing...

Business

To meet demand, Page Industries plans to double capacity

With a rise in demand and support its aggressive growth plans, Page Industries plans to double its installed capacity from the existing 260 million pieces in the next five years. Engaged in manufacturing, distribution and marketing of innerwear, athleisure, sleepwear and swimwear for men, women and kids, Page Industries is the exclusive licensee...

Business

Jockey Q4 profit dip 20 per cent as margins come down

In the fourth quarter, Jockey’s profit declined 20.4 per cent. Margins have contracted by 4.4 per cent. The weak trend is expected to continue as the management has not yet seen a pick-up in the ongoing quarter. The extent of weakness in the company is high compared to peers despite the company increasing prices by five per cent across product...

Business

Page Industries reports 16 percent sales rise in Q1

Page Industries, the Indian exclusive licensee of Jockey International and Speedo International reported a 16 percent year over year hike in sales in the three months to June 30, 2015. The company’s sales stood at Rs 438.28 crores for the first quarter. Net profit for the reporting period was Rs 63.18 crores, a growth of 16 percent against same...

Apparel

Jockey keeps its focus on briefs

Moving away from the trend of roping in celebs to endorse a men’s innerwear brand, Jockey from Page Apparels has been highlightingits product through ad campaigns. Focusing on its briefs, the company recently launched an integrated campaign by L&K Saatchi & Saatchi that continues to highlight its established positioning of 'Jockey or Nothing'....

Apparel

Page Industries net profit up 48.81 percent in March quarter

Page Industries’ net profit soared 48.81 percent to Rs 35.12 crores in the quarter ended March 2014 as against Rs 23.60 crores during the same quarter ended March 2013. Sales rose 33.41 percent to Rs 278.90 crores in the quarter against Rs 209.06 crores in March 2013. Net profit, for the fiscal year ended March 2014, increased 36.66 percent to...

Apparel

Cartica Capital buys 2.5 percent stake in Jockey innerwear

Cartica Capital has picked another 2.5 percent stake in Page Industries, the licensed manufacturer of Jockey brand of innerwear in India, Sri Lanka, Bangladesh and Nepal. The stake was picked up for Rs 168 crores (27.5 million dollars). Cartica Capital picked up 2.8 lakh at an average price of Rs 6,000 per share on NSE. Of the total, 69,723...

Apparel

Page Industries clocks in growth with women’s lingerie line

Page Industries, the franchisee of Jockey International is witnessing positive growth in its women’s innerwear line, launched in 2009. The company continued its robust performance even in the current fiscal. The women’s line contributes almost 25 percent to company’s topline. The demand for its women’s innerwear has helped Page increase product...

Fashion

Apparel retail bounces back with positive Q1 growth

As the festive season takes off in India, apparel brands and retailers are in a joyous mood. And what’s making them happy is the positive momentum shown by the first quarter results of most of brands and retailers. Industry is attributing the growth in net sales to a rise in buying compared to last two years. The April to June 2013 quarter, most...

Apparel

Page Industries net sales increase to Rs 308.50 cr

Page Industries has clocked in a net sales/income from operations of Rs 308.50 crores for the quarter ended June 30, 2013 as against Rs 222.02 crores for the quarter ended June 30, 2012. The net profit/ (loss) was Rs 43.10 crores for the quarter under review. The company has reported an EPS of Rs 38.65 for the quarter as compared to Rs 29.37 for...

Apparel

Page Industries Q4 profits up 38.5 percent

For the fourth quarter of FY 2013, Page Industries reported a healthy set of numbers, in-line with estimates of Angel Broking firm. The company's top-line grew by 35.5 percent year-on-year to Rs 209 crores, against firm’s estimate of Rs 201 crores for the quarter. The EBITDA margin for the quarter expanded by 190 basic points year-on-year at...

Apparel

Page Industries net profit up 27.80 percent in Q3

Page Industries, the exclusive licensees of Jockey International (USA) in India, has posted net profits of Rs 254.208 million for the quarter ended December 31, 2012 as compared to Rs 198.912 million for same quarter last year, an increase of 27.80 percent. Total income was at Rs 2161.733 million for the quarter ended December 31, 2012 whereas...