Page Industries Ltd, a 1995 corporation, holds an exclusive license from JOCKEY International Inc. to manufacture, distribute, and market products bearing the JOCKEY name in India, Sri Lanka, Bangladesh, Nepal, and the United Arab Emirates. Being the exclusive licensee of Speedo International Ltd. as well, Page Industries is responsible for the distribution, manufacturing, and marketing of the Speedo brand in India.
Financial Results:
Page Industries Limited‘s revenue in Q3FY23 rose 3% to ₹ 12,233 millions. Consolidated Profit After Tax came at ₹ 1,237 crores showcasing a 39% fall on an YoY basis. In this quarter’s results, the reports suggested that the fall in profits are due to a rise in expenses.
As against INR 723.94 in the corresponding period of Q3/FY 2021-22, the company’s total expenses increased by 33.09% to stand at INR 963.50 crore.