Page Industries delivers 34.3% PAT growth in Q3 FY25

For the first nine months of FY25, the company reported a revenue of Rs. 38,368 million, reflecting a 7.3 per cent Y-o-Y growth.

Page Industries, India’s leading apparel manufacturer, today announced its financial results for the third quarter and nine months ended December 31st, 2024

Page Industries reported strong financial results for Q3 FY25, with sales volume growing by 4.7 per cent year-on-year (Y-o-Y), reaching 57.8 million pieces. Revenue for the quarter stood at Rs 13,131 million, reflecting a 7.1 per cent Y-o-Y increase. The company’s EBITDA for Q3 FY25 was Rs 3,025 million, marking a significant 33.6 per cent Y-o-Y growth. Profit After Tax (PAT) also saw a substantial rise, reaching Rs 2,047 million, a 34.3 per cent increase compared to the same quarter last year.

For the first nine months of FY25, the company reported a revenue of Rs. 38,368 million, reflecting a 7.3 per cent Y-o-Y growth. EBITDA for the 9-month period was Rs 8,273 million, a 19 per cent increase Y-o-Y, while PAT stood at Rs. 5,651 million, showing a robust 22.6 per cent Y-o-Y growth. These results indicate a strong and consistent performance, driven by higher sales volumes and improved profitability.

Commenting on the results, VS Ganesh, Managing Director, Page Industries said, “I am thrilled to announce that we have achieved strong profit growth, driven by consistent revenue increases and meticulous control over operating expenses. Our unwavering commitment to investing in top talent, product innovation, and digital transformation is propelling us towards our strategic goals. We are perfectly positioned to seize promising future growth opportunities, with modern retail and e-commerce continuing to serve as powerful growth engines.

Outlook and trends

The Indian apparel retail sector confronts short-term headwinds due to dampened consumer sentiment. Nonetheless, long-term growth prospects remain robust, propelled by economic expansion, urbanisation, and rising disposable incomes. Athleisure and innerwear are poised as pivotal growth drivers, complemented by the proliferation of organised retail and e-commerce.

About Page Industries

Page Industries is the exclusive licensee of JOCKEY International (USA) for manufacture, distribution and marketing of the JOCKEY brand in India, Sri Lanka, Bangladesh, Nepal, Oman, Qatar, Maldives, Bhutan and UAE. Page Industries is also the exclusive licensee of Speedo International for the manufacture, marketing and distribution of the Speedo brand in India.

Jockey is the company’s flagship brand and a market leader in the premium innerwear and leisure wear category. The brand is distributed in 2,710 cities & towns and available in 1, 10,176 Multi Brand Outlets, 1,436 Exclusive