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India's Page Industries' Q2 revenue rises 11% YoY to $147.7 mn

12 Nov '24
2 min read
India's Page Industries' Q2 revenue rises 11% YoY to $147.7 mn
Pic: Jockey

Insights

  • Page Industries Limited has reported revenue of ₹12,463 million (~$147.7 million) in Q2 FY24, a YoY increase of 11 per cent, with sales volume rising 6.7 per cent to 55.2 million pieces.
  • EBITDA grew 22 per cent YoY to ₹2,815 million (~$33.4 million), with a margin of 22.6 per cent.
  • PAT was ₹1,953 million, up 29.9 per cent.
  • For H1 FY24, revenue was ₹25,238 million, growing 7.3 per cent YoY.
Page Industries Limited, India’s leading apparel manufacturer, has generated a revenue ₹12,463 million (~$147.7 million) in the second quarter (Q2) ended September 30, 2024, an increase of 11 per cent year-over-year (YoY). The sales volume of the company grew by 6.7 per cent YoY, amounting to 55.2 million pieces in this quarter.

EBITDA stood at ₹2,815 million (~$33.4 million), a growth of 22 per cent YOY with margins at 22.6 per cent. Stable input costs and improved operating efficiency contributed to significant growth in operating profit. The profit after tax (PAT) was ₹1,953 million (~$23.1 million), a 29.9 per cent increase YoY, stated Page Industries in a media release.

For the first six months (H1), the company’s revenue was ₹25,238 million (~$300.1 million), a growth of 7.3 per cent YoY and EBITDA was ₹5,248 million, growth of 12 per cent YoY. PAT stood at ₹3,605 million, growth of 16.8 per cent YoY.

“I am thrilled to share that our relentless dedication to sustainable growth, product enhancement, customer engagement, and brand development has led to robust revenue growth. Our operating margins remain strong, thanks to our focus on operational efficiencies, cost control, and strategic sourcing initiatives. We are committed to investing in future growth, and our digital transformation initiatives are progressing well, promising substantial operational benefits in the coming years. The dynamic e-commerce landscape has driven exciting growth, bolstered by our prior investments and meticulous preparations. With the festive season on the horizon, we anticipate a surge in consumer demand and are perfectly positioned to capitalize on these opportunities,” said VS Ganesh, managing director, Page Industries.

Fibre2Fashion News Desk (SG)

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