Page Industries Q1 FY23 results reported
12 August 2022, Mumbai:
Page Industries’ (Jockey) Q1 FY23 net profit grew to Rs 207.03 crore against a net profit of Rs 10.94 crore posted during the April-June period a year ago.
Jockey undergarments’s revenue from operations during the quarter increased two-fold toRs 1,341.26 crores compared to a lower base of the pandemic-impacted Q1 FY22.
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Jockey total expenses also doubled to Rs 1,070 crore as against Rs 490.57 crore earlier.
VS Ganesh, Managing Director, jockey underwear says, the company has delivered a milestone performance this year on account of its strong sales performance and robust financial planning, despite external challenges. The company will continue to augment its capacity and expand its retail network, he adds.
Page Industries is the exclusive licensee of Jockey International Inc (US) for manufacture, distribution, and marketing in India, Sri Lanka, Bangladesh, Nepal, Oman, Qatar, Maldives, Bhutan, and the UAE.
It is also the exclusive licensee of Speedo International for the Indian market.
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