Page Industries, which licenses Jockey and Speedo products in India, reported a rise in first-quarter profit on August 8, helped by strong demand for athleisure products.
The apparel maker reported a net profit of Rs 165 crore for the quarter ended June 30, compared with Rs 158 crore a year ago.
The company's revenue from operations rose four percent to Rs 1,278 crore, led mainly by innerwear and athleisure.
The company previously said it was seeing an uptick in demand for innerwear and athleisure products, aided by new product launches and increased marketing efforts.
Indian consumers are focusing on fitness and spending more on gym activities owing to growing health-conscious lifestyle trends, driving up the demand for athleisure, analysts noted.
India's growing athleisure market is expected to be a near $2 billion industry by 2029, sports apparel market researcher Maximize Market Research has said.
Meanwhile, the company's input costs fell 10 percent to Rs 260 crore, but overall total expenses rose 4 percent.
Page's earnings before interest, tax, depreciation and amortization margin contracted to 19 percent from 19.4 percent a year ago.
The company flagged consumption growth continued to be subdued during the quarter, though they see early signs of recovery.
The company's shares fell 1 percent after posting results, trimming year to date gains to 5 percent.
(With inputs from Reuters)
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