Press Release and Investor Presentation
Awaiting price reaction for this filing.
Page Industries, the exclusive licensee of Jockey and Speedo brands in India, reported strong Q4 FY25 results with revenue of ₹10,981 million (+10.6% YoY) and PAT of ₹1,640 million, up 51.6% YoY. EBITDA surged 43.2% YoY to ₹2,352 million, with margins expanding sharply from 16.6% to 21.4%. For full-year FY25, revenue grew 8% to ₹49,349 million, EBITDA rose 23.6% to ₹10,626 million (margin 21.5% vs 18.8%), and PAT grew 28.1% to ₹7,291 million. Management attributed the margin expansion to stable raw material costs, supply chain efficiency, and cost optimisation. The company highlighted healthy growth in Tier 2/3 cities, strong e-commerce momentum, 1,453 exclusive brand stores, ROCE of 73%, and the Jockey license valid until 2040.
Sharp margin expansion and strong profit growth signal improving operational efficiency and pricing power, likely positive for the stock. However, management flagged near-term uncertainties from geopolitical tensions in western India, which investors should monitor.