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

Apparel/Garments | On 25th Jun 2017

Half of 7,000 new apparel online each day target women

Adobe has released its first Digital Price Index for apparels,...

Textiles | On 25th Jun 2017

First Insight, Chico's FAS enter partnership

First Insight, a technology company transforming how retailers make...

Apparel/Garments | On 25th Jun 2017

Expand changing use of social and web resources

With over 400 million impressions to date and web traffic of over two ...

Interviews View All

Ajay Ghariwala
Luthra Group

We are ready to adopt or follow every opportunity

Rahuul Jashnani
Jashn

‘Online economy has changed the whole dynamics of buying habits.’

Sunil Rathore
Lacoste India

‘New vendor is welcome if he offers cost, quality and timely delivery’

Iago Castro Asensio
RCfil Distribuciones S.L.

Iago Castro Asensio, International Business Manager of RCfil...

Ashok Desai
Bombay Textile Research Association

Bombay Textile Research Association (BTRA) is a leading name in textile...

Lynda Kelly
Suominen Corporation

Suominen Corporation is a manufacturer of nonwovens as roll goods for...

Igor Chapurin
Chapurin

"Now we can see the Russian trend in international fashion. And Russian...

Madhu Jain
Madhu Jain

She grew up in the walled city of Old Delhi, completed her studies, and...

Yash P. Kotak
Bombay Hemp Company

One of the directors of Bombay Hemp Company, Yash P. Kotak, speaks to...

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

news category


Related Categories:
June 2017

June 2017

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

SUBSCRIBE


Browse Our Archives

GO


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search