Page Industries sees a 34.3% YoY profit growth in Q3FY25, reaching ₹204.7 crore. Despite short-term challenges in the apparel market, they forecast strong growth driven by athleisure and innerwear segments.
Page Industries, which manufactures and distributes Jockey in India, reported a solid 34.3% year-on-year increase in its third-quarter profit for FY25, amounting to ₹204.7 crore. Revenue for the quarter grew by 7.1% year-on-year to reach ₹1,313 crore. EBITA also saw a strong rise, increasing by 33.6% YoY to ₹302 crore.
The company has declared an interim dividend of ₹150 per share, with the record date set for February 13 and the payment date by March 7.
Despite the challenges faced in the Indian apparel retail market, which saw a slowdown in consumer sentiment and demand after the festive season, Page Industries remains optimistic about its long-term growth prospects.
They are particularly confident in the growth potential of their athleisure and innerwear segments, supported by the rise of organised retail and e-commerce. The company maintains that the broader economic expansion, urbanisation, and growing disposable incomes will fuel sustained growth in the long run.
Page Industries Ltd. is an integrated company involved in the manufacturing, marketing, distribution, and retail of various products. It operates in partnership with well-known global brands like Jockey and Speedo.
As of February 6, 2025, Page Industries Limited’s share price showed a significant decline. The stock opened at ₹45,430 and reached a high of ₹45,430. However, it traded at ₹43,910 at 9:35 AM on the NSE, reflecting a sharp decrease of 4.12%, from its previous close of ₹45,795. During the session, the stock saw a low of ₹43,663.
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Published on: Feb 6, 2025, 9:41 AM IST
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