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 lines. Overall, Jockey had a better financial performance in the last financial year. The company’s profit grew 13.5 per cent. Revenue went up by 11.8 per cent. In the second quarter, the revenue and profit didn’t grow on expected lines.