Home / Knowledge / News / Apparel/Garments / Page Industries continues to outperform peers
Page Industries continues to outperform peers
23
Nov '13
With the robust growth in the women’s innerwear line, Page Industries, the franchisee for Jockey International, continues to outperform peers in current fiscal. The Bangalore-based company had made a strategic move in 2009 by introducing a women’s innerwear line and backed it up with increased number of retail outlets. The move seems to have paid off as women’s range now contributes almost 25 per cent to its topline.
 
Helped by the robust volumes growth and ability to raise prices despite a slowing economy, the company has recorded 31 per cent growth in net sales for the quarter ended September 2013 compared with the year ago period. While the competitors like Maxwell Industries Ltd witnessed a 10 per cent decline in sales during the period and Lovable Lingerie saw revenues growing by just 5 per cent.
 
Volumes of the company grew 14.8 per cent in the September quarter and brokerage firms believe that the company will be able to maintain volume growth of 14 per cent and above in the current fiscal as well as in next fiscal.
 
From the period starting January 1, 2013 till the stock market closing on November 22, 2013, the stock of the company has risen over 40 per cent while the benchmark Sensex has just seen a rise of 4 per cent. The stocks of Maxwell Industries and Lovable Lingerie have seen a plunge of 20 per cent each during the period under review.
 
 
 

Fibre2fashion News Desk – India


Must ReadView All

Courtesy: Fancycrave.com from Pexels

Apparel/Garments | On 22nd Jun 2018

EU's retaliatory duty on US apparel takes effect

As part of the three-pronged response outlined by the European...

NCC applauds House passage of farm legislation

Textiles | On 22nd Jun 2018

NCC applauds House passage of farm legislation

The National Cotton Council (NCC) of the US has welcomed the passage...

Courtesy: Roman Pohorecki from Pexels

Apparel/Garments | On 22nd Jun 2018

UK launches inquiry on sustainability of fashion industry

The Environmental Audit Committee of the UK Parliament has launched...

Interviews View All

Luke Otten
Wigwam Mills Inc

Wigwam aims to recycle discarded yarn that doesn’t make it through the...

Abhishek Ganguly
Puma India

‘As a brand, Puma is always looking for new and innovative ways to inspire ...

Varinder Singh Jawanda
Trendy Bharat

Sizing and fitting issues are inherent problems for companies expanding...

Tejas N Patel, Navin D Patel

Founded in 1999 by Navin Patel in the name of Tejas Fabrics with 100...

Mala Alwani

<div>Delhi-based fast fashion womenswear brand, Besiva, aims to bridge the ...

Kamal Kulshreshth

Colorjet is among the fastest-growing wide format digital inkjet print...

Marcel Alberts
Eurofibers

Coating at a fibre level is a practice not usually seen in the...

Steve Cole
Xerium Technologies

Steve Cole of Xerium Technologies discusses the industry. Xerium is the...

Kai Poehler
Voith Paper GmbH & Co. KG

The glass mat industry is growing by five to eight per cent annually. Kai...

Bani Batra

Bani Batra’s couture wedding collection is inspired by traditional Indian...

Anisha Chaudhari
Threads & Shirts

Threads &amp; Shirts is a freshly-tailored concept providing men/women a...

Mike Hoffman
Gildan Activewear SRL

Gildan Activewear, a manufacturer and marketer of branded clothing and...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

Leave your Comments


June 2018

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category


Related Categories:

Advanced Search