Page Industries Ltd net profit rises 30 percent to Rs 195 crore

Page Industries Ltd reported a 30 percent increase in net profit to Rs 195 crore ($23.1 million) for the quarter ended September 30, as against Rs 150 crore in the year-ago quarter.

The company’s revenue for the quarter rose by 11 percent to Rs 1,246 crore, as against Rs 1,122 crore in the corresponding quarter of the previous fiscal year.

Commenting on the Q2 performance, V S Ganesh, managing director of Page Industries Ltd in a statement said, “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. 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,” he added.

Page Industries is the exclusive licensee for manufacturing, distribution and marketing of the Jockey and Speedo brands in India.