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 quarter, last year.

The company opened its 206th exclusive brand store in the quarter under review and has 154 stores on high streets and 52 stores in shopping malls across India. In the first quarter, Speedo brand stores increased to over 1,060 including large format stores across 104 cities and eight Speedo exclusive brand outlets located in Delhi, Gurgaon, Mumbai, Bangalore, Chennai and Pune. Jockey products are now retailed through more than 35,000 stores in 1,200 cities and towns across India.

The company also launched women's sleepwear range Relax during the quarter and its 360 degree marketing campaign for women’s sleepwear range. Its 'Jockey or Nothing' brand campaign was also unveiled with two commercials titled 'Move' and 'Love'. Manufacturer and distributor of innerwear, leisurewear, activewear, sleepwear and swimwear for men and women, the company has 11 state-of-the-art manufacturing facilities across Bengaluru, Hassan, Mysore, Gouribidnoor and Tiptur.