Page Industries Ltd reported a 38 percent rise in consolidated net profit to Rs 108 crore ($13.3 million) for the fourth quarter ended March 31, as against Rs 78 crore in the year-ago quarter.
The company’s revenue for the quarter rose by 3 percent to Rs 995 crore, as against Rs 965 crore in the year-ago quarter.
For the full financial year 2024, Page Industries recorded revenue of Rs 4581 crore with a net profit of Rs 569 crore.
Commenting on the results, VS Ganesh, managing director of Page Industries in a statement said, “I am pleased to share that our strategic commitment to sustainable sales practices and meticulous inventory management has been instrumental in maintaining robust margins and enhanced profitability. Focused efforts to optimize operational efficiency has also been pivotal in enabling us to achieve an impressive 38 percent growth in PAT for Q4.”
“Our adaptive strategies including enhancing supply chain productivity and modernizing our distribution management system in response to the market’s evolving demands have shown early signs of stabilizing revenue this quarter, despite challenges due to generally subdued market conditions,” he added.
Page Industries holds exclusive licensing rights from Jockey International Inc across India, Sri Lanka, Bangladesh, Nepal, Oman, Qatar, Maldives, Bhutan, and the UAE.
Copyright © 2024 FashionNetwork.com All rights reserved.
