Jockey India licensee Page Industries on Thursday released its fiscal first quarter earnings with profit at Rs 165.22 crore, posting a growth of 4.3 per cent in comparison to Rs 158.36 crore during the corresponding quarter of FY24. It recorded revenue from operations at Rs 1277.52 crore, up 3.9 per cent as against Rs 1229.07 crore during the same period of previous financial year. The company EBITDA was at Rs 243.3 crore, up 2 per cent YoY.
VS Ganesh, Managing Director, Page Industries Limited, said, “I am pleased to announce that our dedicated efforts to enhance the inventory health of our distributors have significantly boosted the overall efficiency of our business. We have successfully maintained strong operating margins while simultaneously advancing several digital transformation initiatives, enhancing consumer engagement, and investing in technology.”
Meanwhile, sales volume, the company said, grew by 2.6 per cent YoY, amounting to 57.4 million pieces. Page Industries further stated that the impact of investments in digital transformation and marketing initiatives was largely balanced by stable input costs and operational expenses optimisation.
“Our exciting expansion and developments in the e-commerce space continue to drive substantial growth in this channel. We remain optimistic about the resurgence of demand in the upcoming quarters and are well-prepared to capitalize on it,” VS Ganesh added.
The company board also declared the first interim dividend for FY25 of Rs 300 per equity share. The record date fixed for the payment of interim dividend is 17 August 2024. The date fixed for payment of dividend is on or before 6 September 2024, it said in a regulatory filing.