Page Industries Q2 FY25 results

Page Industries Reports Strong Q2 FY25 Results with 30% Net Profit Increase and Revenue Growth

Page Industries Ltd, a leading apparel manufacturer and exclusive licensee for Jockey and Speedo brands in India, recently announced its financial performance for Q2 FY25. The company recorded a significant 30% year-over-year increase in net profit, reaching ₹195.25 crore, driven by strong volume growth, stable input costs, and enhanced operating efficiencies. This marks a rise from ₹150.27 crore reported in the same period last year.

Revenue and Profit Growth

Revenue from operations grew by 11.06% year-over-year, totaling ₹1,246.27 crore in Q2 FY25, compared to ₹1,122.11 crore in the previous year. The company attributed this revenue growth to a steady increase in sales volume, reaching 55.2 million pieces—marking a 6.7% year-over-year growth.

Strategic Efficiency and Cost Management

Page Industries cited improved operating efficiencies and stable input costs as key factors contributing to its operating profit growth. Total expenses rose by 7.54% to ₹998.34 crore, underscoring the company’s focus on operational efficiency and cost control. The company’s total income, including other income and finance income, reached ₹1,260.82 crore, reflecting an 11.9% year-over-year increase.

Managing Director V.S. Ganesh highlighted the company’s commitment to operational excellence and strategic sourcing initiatives, stating, “Our operating margins remain strong, thanks to our focus on operational efficiencies, cost control, and strategic sourcing initiatives.”

Digital Transformation and eCommerce Growth

Ganesh further emphasized that Page Industries is actively investing in digital transformation, with initiatives aimed at boosting operational efficiency in the coming years. The company noted substantial growth in the eCommerce sector, driven by prior investments and strategic preparations, positioning Page Industries to capitalize on the rapidly evolving digital landscape.

Exclusive Licensing and Market Reach

As the exclusive licensee of Jockey International Inc. for manufacturing, distribution, and marketing across India, Sri Lanka, Bangladesh, Nepal, Oman, Qatar, Maldives, Bhutan, and the UAE, Page Industries continues to expand its market presence. Additionally, Page Industries holds the exclusive license for Speedo International’s swimwear and accessories in the Indian market, strengthening its portfolio in the athletic and lifestyle segments.

Stock Performance

Following the Q2 FY25 earnings announcement, shares of Page Industries Ltd surged by 5.69%, trading at ₹47,674 on the BSE. The positive stock movement reflects investor confidence in the company’s growth trajectory and strategic initiatives.

Conclusion

Page Industries’ Q2 FY25 results underscore the company’s robust operational strategy, marked by efficiency gains, cost management, and strategic expansion in eCommerce. With stable input costs, a growing digital footprint, and exclusive partnerships with globally recognized brands like Jockey and Speedo, Page Industries is well-positioned for sustained growth in the evolving apparel market.