Apparel manufacturer Page Industries’ Q1FY22 net profit at Rs 11 cr

Apparel manufacturer Page Industries’ net profit for the first quarter ended June 2021 declined to Rs 11 crore from Rs 40 crore had reported in the year-ago period.

The company’s revenue for the quarter rose by 76 percent to Rs 502 crore, as against Rs 285 crore in the corresponding period of the previous fiscal.

PIL's total expenses during the quarter rose by 43 percent at Rs 490.57 crore, as compared to Rs 343 crore during the same period last year.

Despite half of the quarter being under lockdown for most cities and states, the companyadded 1,465 MBOs and 9 EBOs during these three months. It remained focused on profitable partnerships with our distributors while continuing expansion.

The Bengaluru-based company 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.