Page Industries Q3 FY25 Performance Review: A Strong Growth Story

Introduction

Page Industries, the exclusive licensee of Jockey and Speedo in India, has delivered a robust financial and operational performance in Q3 FY25. Despite facing demand fluctuations, the company has maintained strong growth momentum, leveraging its brand strength, distribution expansion, and digital transformation initiatives.

Financial Highlights

Page Industries posted solid revenue growth, improved profit margins, and efficient cost management during Q3 FY25:

• Revenue: ₹13,131 million, up 7.1% YoY and 5.4% QoQ.
• EBITDA: ₹3,025 million, with a 23.0% margin, reflecting a 33.6% YoY increase.
• Profit Before Tax (PBT): ₹2,750 million, marking 36.1% YoY growth.
• Profit After Tax (PAT): ₹2,047 million, a 34.3% YoY rise.

For the first nine months (9M FY25):

• Revenue: ₹38,368 million (+7.3% YoY).
• EBITDA: ₹8,273 million (+19.0% YoY).
• PBT: ₹7,599 million (+24.3% YoY).
• PAT: ₹5,651 million (+22.6% YoY).

Market Trends and Strategy

• Retail & E-commerce: Growth in modern retail and online sales has outpaced other channels.
• Consumer Reach Expansion: The company continues to expand its distributor and retail network, enhancing accessibility.
• Operational Efficiency: Digitization of distributor management is driving improved productivity.

Unmatched Market Presence

Page Industries maintains a dominant retail footprint, with:

• 110,176 retail points.
• 1,436 exclusive brand stores.
• 1,212 stores within partner chains.
• Growing presence across e-commerce platforms.

Product Innovations

New product launches in Q3 FY25 included:

• Jockey Polo Shirts
• Jockey Shorts
• Oversized T-shirts
• Hoodies These additions further strengthen Page Industries' positioning in the premium innerwear and athleisure segments.

Sustainability & ESG Commitment

Page Industries has made significant strides in sustainability:

• Energy Efficiency: Achieved an 18% reduction in energy intensity since FY 2019-20.
• Plastic Waste Management: Recycled 100% of pre-and post-consumer plastic waste.
• Water Conservation: Improved water use efficiency by 16.57% YoY.
• Supply Chain Responsibility: Conducted regular audits to ensure responsible business practices.

Conclusion

Page Industries continues to deliver strong financial growth, supported by innovation, retail expansion, and sustainability initiatives. With a strategic focus on digital transformation and operational efficiency, the company is well-positioned to capitalize on future growth opportunities in India’s premium innerwear and athleisure markets.