Page Industries, the makers and distributors of Jockey in India, reported a 34.3% growth on year in its third quarter profit at Rs 204.7 crore, with revenue growing by 7.1% on year to Rs 1,313 crore. EBITA grew by 33.6% YoY to Rs 302 crore, said the company.
The board has also declared its third interim dividend for FY25 at Rs 150 per share, for which the record date has been fixed at February 13, to be paid by March 7.
In its presentation on Q3FY25, Page Industries acknowledged that the Indian apparel retail is undergoing 'short-term headwinds' due to dampened consumer sentiment. The apparel maker said the operating environment continued to be affected by subdued demand, and the festive demand seen in the beginning of Q3FY25 'was not sustained subsequently'.
"Nonetheless, long-term growth prospects remain robust, propelled by economic expansion, urbanization, and rising disposable incomes," the company said in the exchange filing. Athleisure and innerwear segments are set to be 'pivotal growth drivers' for the company, helped by the boom in organized retail and e-commerce.
During the September quarter earnings call, the management had talked about a renewed focus on the international business. "...we should be seeing some level of renewed focus there and growth coming from those parts of the world as well over the next two quarters," said Karthik Yathindra, President, Page Industries.
Shares of Page Industries reacted sharply after the results, falling by a percent to day's low. So far in 2025, shares of Page Industries are down 3% but over the last one year, the shares are higher by 26%.
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