Indian firm Page Industries' sales volume rises 2.6% in Q1 FY25

Page Industries, the exclusive licensee of Jockey International and Speedo in India, has reported a 2.6 per cent year-on-year (YoY) increase in sales volume for the first quarter of fiscal 2025 (Q1 FY25), reaching 57.4 million pieces. This growth in volume contributed to a revenue of ₹12.775 billion (approximately $152.24 million), reflecting a 3.9 per cent increase compared to the same quarter last year.

The company’s earnings before interest, taxes, depreciation, and amortisation (EBITDA) stood at ₹2.433 billion, with a margin of 19 per cent. Sequentially, EBITDA grew by 2.5 per cent, the company said in a press release.

Page Industries noted that the impact of its investments in digital transformation and marketing initiatives was largely offset by stable input costs and the optimisation of operational expenses. Profit after tax (PAT) for Q1 FY25 was ₹1.652 billion, representing a 4.3 per cent YoY increase.

“I am pleased to announce that our dedicated efforts to enhance the inventory health of our distributors have significantly boosted the overall efficiency of our business. We have successfully maintained strong operating margins while simultaneously advancing several digital transformation initiatives, enhancing consumer engagement, and investing in technology,” said VS Ganesh, managing director, Page Industries Limited.

Fibre2Fashion News Desk (DP)