Page Industries Ltd, an India-based manufacturer of garment, has reported 27 per cent increase in its revenue to ₹931.21 crore during the third quarter (Q3) FY21, ended on December 31, 2020, compared to the revenue of ₹797.31 crore in the same period previous fiscal. Profit after tax (PAT) for the period was ₹153.7 crore (Q3 FY20: ₹110.9 crore).
Page Industries Ltd, an India-based manufacturer of garment, has reported 27 per cent increase in its revenue to ₹931.21 crore during the third quarter (Q3) FY21, ended on December 31, 2020, compared to the revenue of ₹797.31 crore in the same period previous fiscal. Profit after tax (PAT) for the period was ₹153.7 crore (Q3 FY20: ₹110.9 crore).#
“I am delighted to share that we have registered all-time high revenue and profit in Q3. We are encouraged by the strong demand in all our product categories in all channels. The athleisure and kids categories have particularly shown very promising growth and acceptance,” Sunder Genomal, managing director at Page Industries, said in a press release.
Page Industries Ltd, an India-based manufacturer of garment, has reported 27 per cent increase in its revenue to ₹931.21 crore during the third quarter (Q3) FY21, ended on December 31, 2020, compared to the revenue of ₹797.31 crore in the same period previous fiscal. Profit after tax (PAT) for the period was ₹153.7 crore (Q3 FY20: ₹110.9 crore).#
As of now, more than 94 per cent of Page Industries multi brand outlets, 100 per cent of EBOs and 93 per cent of its large format stores are fully functional, as reported in the release.
Page Industries Ltd, an India-based manufacturer of garment, has reported 27 per cent increase in its revenue to ₹931.21 crore during the third quarter (Q3) FY21, ended on December 31, 2020, compared to the revenue of ₹797.31 crore in the same period previous fiscal. Profit after tax (PAT) for the period was ₹153.7 crore (Q3 FY20: ₹110.9 crore).#
Total expenses for the reported period increased to ₹723.94 crore (₹680.41 crore) whereas, EBITDA rose to ₹226.1 crore (₹165.4 crore).
Page Industries Ltd, an India-based manufacturer of garment, has reported 27 per cent increase in its revenue to ₹931.21 crore during the third quarter (Q3) FY21, ended on December 31, 2020, compared to the revenue of ₹797.31 crore in the same period previous fiscal. Profit after tax (PAT) for the period was ₹153.7 crore (Q3 FY20: ₹110.9 crore).#
“We continue to strengthen management with the best talent and invest in digital transformation, technology and innovation in product design and development, marketing and brand building,” Genomal said. “Given our strong and proven business model, wide product portfolio, efficient financial management and a very loyal customer base, we continue to remain very confident of our medium to long term prospects.”
Fibre2Fashion News Desk (JL)
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