Page Industries posts Q1 net profit of Rs 11 crore

Page Industries posts Q1 net profit of Rs 11 crore

Apparel manufacturer Page Industries Ltd (PIL) reported a net profit of Rs 11 crore ($1.4 million) for the first quarter ended June 2021, as against a net profit of Rs 40 crore it had reported in the year-ago period.

The company’s revenue for the quarter rose by 76 percent to Rs 502 crore, as against Rs 285 crore in the corresponding period of the previous fiscal.

PIL’s total expenses during the quarter rose by 43 percent at Rs 490.57 crore, as compared to Rs 343 crore during the same period last year.

Bengaluru-based Page Industries is the exclusive licensee of American underwear brand Jockey International for manufacture, distribution, and marketing in countries such as India, Sri Lanka, Bangladesh, Nepal, UAE, Oman, and Qatar.

It is also the exclusive licensee of Speedo International for India.

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Gagan Marwah

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