Page Industries Ltd, an India-based manufacturer of garment, has reported decrease in its total income to ₹290.85 crore during the first quarter (Q1) FY21 ended on June 30, 2020, compared to ₹551.17 crore in the same period previous year. Company incurred a loss for the period of ₹39.55 crore compared to profit of ₹110.66 crore in Q1 FY20.
Page Industries Ltd, an India-based manufacturer of garment, has reported decrease in its total income to ₹290.85 crore during the first quarter (Q1) FY21 ended on June 30, 2020, compared to ₹551.17 crore in the same period previous year. Company incurred a loss for the period of ₹39.55 crore compared to profit of ₹110.66 crore in Q1 FY20.#
“While this quarter saw a significant impact of the Covid-19 lockdowns, the operations partially resumed from May. We are witnessing an increasing trend of sales with greater demand in e-commerce and athleisure product category,” Sunder Genomal, managing director at Page Industries, said in a press release.
Page Industries Ltd, an India-based manufacturer of garment, has reported decrease in its total income to ₹290.85 crore during the first quarter (Q1) FY21 ended on June 30, 2020, compared to ₹551.17 crore in the same period previous year. Company incurred a loss for the period of ₹39.55 crore compared to profit of ₹110.66 crore in Q1 FY20.#
Total expenses for the quarter was ₹343.23 crore (₹670.59 crore). Loss before tax were ₹52.37 crore compared to profit before tax of ₹169.86 crore in Q1 FY20.
Page Industries Ltd, an India-based manufacturer of garment, has reported decrease in its total income to ₹290.85 crore during the first quarter (Q1) FY21 ended on June 30, 2020, compared to ₹551.17 crore in the same period previous year. Company incurred a loss for the period of ₹39.55 crore compared to profit of ₹110.66 crore in Q1 FY20.#
“There is a huge potential market for all our product categories. We have always continued to invest in our brands, both online and offline, as well as at point-of-sale,” Genomal said. “We will continue our unrelenting endeavour to satisfy consumers with the finest products in terms of style, design, comfort, fit and quality in both Jockey and Speedo.”
Fibre2Fashion News Desk (JL)
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