Page Industries Q3 net profit rises 13 percent to Rs 175 crore

By

Maverick Martins

Published
Feb 11, 2022

Apparel major Page Industries Ltd witnessed a 13 percent rise in its net profit to Rs 175 crore ($23.2 million) for the third quarter ended in December 2021, as against a net profit of Rs 153 crore in the year-ago period.
 

The company’s revenue for the quarter rose by 28 percent to Rs 1,189 crore, as against Rs 927 crore in the corresponding period of the previous fiscal.
 
Its expenses during the quarter also jumped by 33 percent to Rs 963 crore, as against Rs 723 crore in the year-ago period.

Commenting on the Q3 results, Sunder Genomal, managing director of Page Industries in a statement said, “As we announce yet another best quarter with our highest-ever revenue and PAT, I am pleased to share that the sales momentum has picked up significantly across all our product categories backed by expansion in our portfolio and existing network.”
 
“We are well poised on a growth trajectory and remain optimistic about delivering sustainable growth over the long term,” he added.
 
Bengaluru-based Page Industries is the exclusive licensee of American underwear brand Jockey International for manufacture, distribution, and marketing in countries such as India, Sri Lanka, Bangladesh, Nepal, UAE, Oman, and Qatar. It is also the exclusive licensee of Speedo International for India.