Page Industries Limited, India’s leading apparel manufacturer, today announced its financial results for the first quarter ended June 30th, 2024.
In Q1 FY25, the company demonstrated solid financial performance with a notable increase in both sales volume and revenue. Sales volume grew by 2.6% year-over-year, reaching 57.4 million pieces, while revenue climbed to Rs. 12,775 million, reflecting 3.9% growth compared to the same period last year. The company’s EBITDA stood at Rs. 2,433 million with a margin of 19%, showing a sequential growth of 2.5%. Despite significant investments in digital transformation and marketing, the impact on profitability was mitigated by stable input costs and effective operational expense optimization. This resulted in a Profit After Tax (PAT) of Rs. 1,652 million, marking a 4.3% year-over-year increase.
Commenting on the results, Mr. V.S. 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.
Our exciting expansion and developments in the eCommerce 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.
