Jockey licensee Page Industries posts 65% jump in Q4 net profit


by 5paisa Research Team Last Updated: Dec 10, 2022 - 07:14 pm 27.2k Views
Listen icon

Page Industries, which is best known for selling innerwear and other products under the Jockey and Speedo labels, posted strong earnings growth for the fourth quarter ended March 31, 2022 backed by higher revenues and lower operating expenses compared with the year-ago period.

Page Industries reported a net profit of Rs 190.5 crore in the last quarter, up 65% from Rs 115.6 crore in the corresponding quarter the previous year. On a sequential basis, net profit rose 9.1%.

Net sales shot up 26.2% to Rs 1,111.1 crore from Rs 880.8 crore in Q4 FY21. On a sequential basis, revenue was down by 6.6%.

The company, one of the most valued apparel and garment manufacturers in the country, saw its share price move up 0.68% in a strong Mumbai market on Thursday. The company declared its financials after trading stopped for the day.

Other Highlights

1) EBITDA rose 57.3% to Rs 267.1 crore in Q4 from Rs 169.8 crore a year ago.

2) On a sequential basis, EBITDA rose 6.5% in Q4 versus Q3.

3) EBITDA margin shot up from 19.3% in Q4 FY21 and 21.1% in Q3 FY22 to 24% last quarter.

Management Commentary

Sunder Genomal, Managing Director of Page Industries, said the sales momentum picked up significantly across all its product categories backed by expansion in its portfolio and existing network.

“We are well poised on a growth trajectory and remain optimistic on delivering sustainable growth over the long-term. All product categories and channels continue to witness an increasing trend and our investments in leadership, product innovation, warehousing, technology and logistics support helped not only in strong execution but also in delivering profitable growth,” he said.

Share Market Today


How do you rate this article?

Start Investing in 5 mins*

Rs. 20 Flat Per Order | 0% Brokerage

378X91-D3

About the Author

Our research team is composed of some highly qualified research professionals, their expertise range across sectors.


Open Free Demat Account
Resend OTP
Please Enter OTP
Mobile No. belongs to

By proceeding, you agree to the T&C.

Latest News
What you must know about M.V.K. Agro Food IPO?

M.V.K. Agro Food Product IPO was incorporated in the year 2018 to manufacture integrated sugar and other related products. M.V.K.

Juniper Hotels IPO Subscribed 2.08 times

The stock of Juniper Hotels IPO has a face value of ₹10 per share and the price band for the book building IPO has been set in the range of ₹342 to ₹360 per share. The IPO of Juniper Hotels Ltd will entirely a fresh issue of shares with no offer for sale (OFS) component.

Esconet Technologies IPO Lists 245.24% higher, but closes at -5% lower circuit

Bumper listing for Esconet Technologies IPO, then lower circuit