Page Industries records 47% growth in sales for Quarter ended Mar 2010

Page Industries Ltd. Bangalore, the exclusive licensee of Jockey International Inc. (USA), announced its financial results for the quarter and financial year ended on March 31, 2010 today.

The company saw an increase of 47% in sales for the quarter ended March 31, 2010 from Rs. 56.40 crores in 2008-09 to Rs 82.68 crores. The net profit after tax increased by 79% to Rs 9.93 crores for the same period.

For the financial year ended March 31, 2010, the company’s sales increased by 33% to Rs 339.38 crores from 254.65 crores in FY 2008-09. In the same period, the net profit after tax increased by 25% to Rs 39.61 crores from Rs. 31.6 crores in FY 2008-09.

"Undoubtedly, we are extremely pleased with our annual results," said Mr. Sunder ‘Ashok’ Genomal, MD, Page Industries. "We were able to achieve consistent growth against the backdrop of a challenging economy. The increased presence in retail outlets combined with the introduction of new product, marketing and technological innovations has reinforced our confidence and determination to continue on this growth trajectory in the coming years."

About Page Industries Ltd
Page Industries Ltd. is the exclusive licensee of Jockey International Inc. (USA) for manufacture and distribution of the Jockey brand of inner wear and leisure wear for men and women in India, Sri Lanka, Bangladesh, Nepal and soon the UAE. Page Industries distributes through 17,000 retail outlets in 1,100 cities and towns across India.