Page Industries Limited, India’s leading apparel manufacturer, today announced its financial results for the third quarter and nine months ended December 31st, 2024
Key Financial Highlights for Q3 FY 25:
· Sales volume grew 4.7% YoY, amounting to 57.8 million pieces
· Revenue at Rs. 13,131 million, a 7.1% increase YoY
· EBITDA was Rs. 3,025 million- growth of 33.6% YOY.
· Profit After Tax (PAT) at Rs. 2,047 million, a 34.3% increase YOY
Key Financial Highlights for 9M FY25 :
· Revenue at Rs. 38,368 million, growth of 7.3% YoY
· EBITDA was Rs. 8,273 million, growth of 19% YoY
· PAT was Rs. 5,651 million, growth of 22.6% YoY
Commenting on the results, Mr. V.S. Ganesh, Managing Director, Page Industries Limited said, “I am thrilled to announce that we have achieved strong profit growth, driven by consistent revenue increases and meticulous control over operating expenses. Our unwavering commitment to investing in top talent, product innovation, and digital transformation is propelling us towards our strategic goals. We are perfectly positioned to seize promising future growth opportunities, with modern retail and e-commerce continuing to serve as powerful growth engines.
Our focus on these areas not only strengthens our overall market position but also ensures we remain at the forefront of industry advancements.”
Outlook and Trends:
The Indian apparel retail sector confronts short-term headwinds due to dampened consumer sentiment. Nonetheless, long-term growth prospects remain robust, propelled by economic expansion, urbanization, and rising disposable incomes. Athleisure and innerwear are poised as pivotal growth drivers, complemented by the proliferation of organized retail and e-commerce.
