The total income of Page Industries decreased to Rs 744.0 crore in Q2 of FY21 that ended on September 30, 2020, compared to the income of Rs 781.1 crore recorded during the same period previous year. The company’s net income for the period declined to Rs 110.8 crore from Rs 114.5 crore in Q2 FY20. As per reports, the company continued to witness uncertain demand during the quarter due to COVID-19. However, it was able to adapt and respond well during this pandemic and deliver good growth during the unpredictable times, said Sunder Genomal, Managing Director.
The company’s total expenses declined to Rs 598.1 crore during the quarter from Rs 649.1 crore. Its profit before tax was Rs 145.9 crore as against Rs 132.0 crore recorded during the corresponding quarter last year.
Page Industries is an Indian manufacturer and retailer of innerwear, loungewear and socks. It is the licensee of Jockey International in India, Sri Lanka, Nepal, Bangladesh and the United Arab Emirates. In 2011, it licensed Speedo swimwear from Pentland Group. The company was founded in 1994 by Sunder Genomal and his brothers. It is based out of Bangalore, and has manufacturing facilities in Bengaluru, Hassan, Mysore, Tiptur, Gauribidanur and Tiruppur.