Page Industries Ltd, a manufacturer and retailer of innerwear, reported a 7.9% year-on-year increase in revenue from operations to Rs 1,420.44 crore(US $148.88 million) in the first quarter of FY27, driven by growth in apparel sales volumes and steady consumer demand.
The innerwear and athleisure manufacturer recorded revenue of Rs 1,420.44 crore during the June quarter, compared with Rs 1,316.56 crore (US$137.94 million ) in the corresponding period last year. However, net profit declined 4% year-on-year to Rs 192.80 crore (US $20.20 million) from Rs 200.80 crore (US $21.04 million) in the same quarter of the previous fiscal year, according to the company’s regulatory filing.
Page Industries reported sales volume growth of 5.7% year-on-year, reaching 61.2 million pieces during the quarter. Total income increased 7.48% to Rs 1,431.05 crore (US $149.98 million) in Q1 FY27, while total expenses rose 10.5% year-on-year to Rs 1,172.48 crore (US$122.82 million). The company continues to focus on the innerwear, apparel, athleisure and activewear segments, where demand remained stable during the quarter.
“Encouraging consumer demand trends, positive acceptance of product enhancements and new product lines, and our focused operational excellence initiatives give us confidence as we look ahead to the rest of the year,” said V S Ganesh, Managing Director.
Page Industries said it expects consumer demand to remain healthy through the year, supported by ongoing market trends and brand strength. The company is planning to introduce new product lines targeted at younger consumers while continuing investments in operational efficiency and digital transformation.
“The company’s focus on operational excellence, digitalisation across key value streams, and the gradual ramp-up of new production facilities is expected to further enhance efficiency, agility and long-term growth,” Ganesh added.
Page Industries is the exclusive licensee of Jockey International Inc. (USA) for India, Sri Lanka, Bangladesh, Nepal, Oman, Qatar, Maldives, Bhutan and the UAE.
