Home / Knowledge / News / Apparel/Garments / Indian apparel firm Page Industries Q1 EBITDA jumps to ₹342 cr

Indian apparel firm Page Industries Q1 EBITDA jumps to ₹342 cr

19
Aug '21
Pic: Page Industries
Pic: Page Industries
Page Industries Ltd, India's leading apparel manufacturer, reported 76.1 per cent revenue hike to ₹501.5 crore in first quarter (Q1) of FY22 ended June 30, 2021, against ₹284.8 crore in same period last year. The company’s profit for the period escalated to ₹10.9 crore (Q1 FY21: loss ₹39.5 crore), while EBITDA grew to ₹342 crore (loss: ₹347 crore).
 
“Despite half of the quarter being under lockdown for most cities and states, we could successfully add 1,465 MBOs and 9 EBOs during these three months. We remain focused on profitable partnerships with our distributors while continuing expansion,” Sunder Genomal, managing director at Page Industries, said in a press release.
 
Gross profit expanded to ₹166.7 crore (₹65.4 crore), while profit after tax rose to ₹10.9 crore (loss: ₹39.6 crore).
 
“Being aware of the shift of consumer preference towards e-commerce, we are well prepared and invested in our warehousing, technology and logistics support to cater to this increasing demand. During the quarter, we also saw great demand and acceptance for our kids wear business which continues to be an important area for us going forward,” Genomal added.
 
“With our focused approach on our core business verticals, we remain confident of maintaining growth backed by our continued efforts on innovation and investments,” Genomal concluded in the release.

Fibre2Fashion News Desk (JL)


Must ReadView All

Pic: Ammza12 | Dreamstime.com

Apparel/Garments | On 3rd Dec 2021

Fashion & apparel companies rethinking on traditional supply chains

Drawing lessons from the resurgence of COVID-19 cases in China and...

Pic: Kheng Guan Toh | Dreamstime.com

Retail | On 3rd Dec 2021

US RILA offers supply chain recommendations to White House

To avert an ongoing cycle of congestion in the longer term, The US...

Pic: American Clothes Retail © Arne9001 | Dreamstime.com

Retail | On 3rd Dec 2021

Nearly 180 mn shop over Thanksgiving holiday weekend in US: NRF

Nearly 180 million Americans shopped during the five-day holiday...

Interviews View All

Textile Industry, Head Honchos

Textile Industry
Head Honchos

Increase foreign exchange and create jobs

Textile Industry, Head honchos

Textile Industry
Head honchos

Ensured payment of fee was least concern for students

Textile Industry, Head honchos

Textile Industry
Head honchos

Switch was not 100% pandemic related

J Vargas,

J Vargas

With a vision to be the world's top tier textile manufacturer, Badjatex...

Erwin Devloo,

Erwin Devloo

The Picanol Group is a diversified industrial group active worldwide in...

Rajesh Vohra,

Rajesh Vohra

A part of the Italy based multinational company Artsana Group, Chicco is...

Kevin Young & Tom Lucas, Web Industries

Kevin Young & Tom Lucas
Web Industries

Web Industries is a precision formatter of nonwoven materials used in baby ...

Ingo Soller, TWE Group

Ingo Soller
TWE Group

The TWE Group is one of the leading global players in the nonwovens...

Madison Maxey, Loomia

Madison Maxey
Loomia

Loomia designs and manufactures soft circuit systems that can be produced...

Carmen Emanuela Popa, Label - Carmen Emanuela Popa

Carmen Emanuela Popa
Label - Carmen Emanuela Popa

<b>Carmen Emanuela Popa,</b> a Romanian fashion designer, is known for her ...

Raghavendra Rathore, Label Raghavendra Rathore Jodhpur

Raghavendra Rathore
Label Raghavendra Rathore Jodhpur

Being one of the first designers to use the "Brand India" positioning for...

Anjali Bhaskar, Samatvam

Anjali Bhaskar
Samatvam

Samatvam, a womenswear brand that blends age-old craftsmanship with modern ...

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


December 2021

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


Advanced Search