Profits for Page Industries in the July to September quarter are expected to be up 22 per cent compared to the year-ago period. Revenue may be up 21 per cent year-on-year while EBIDTA (earnings before interest, tax, depreciation and amortisation) may grow 17 per cent. Margin may contract 100 basis points to 21 per cent in the second quarter. Page Industries is a garment manufacturer. Men’s wear/sportswear is expected to sustain revenue growth of 26 per cent and women’s wear is expected to have 21 per cent growth. Both men’s wear and women’s wear may have 17 per cent volume growth.
Operating leverage and improved mix are expected to drive EBITDA margin but higher cotton prices may impact margins year on year. Bangalore-based 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 and the UAE.
Page Industries commands a pan India distribution encompassing over 44,000 plus retail outlets in 1,400 cities and towns. As of June 2016 there were 285 exclusive Jockey outlets across India. Page is also the exclusive licensee of Speedo for the manufacture, marketing and distribution of the brand in India. Speedo products include swimwear, water shorts, apparel, equipment and footwear.
