Page Industries announced that the company's manufacturing operations in Karnataka have resumed with 30% employees with health and safety guidelines in place as per Government order.

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Page Industries announced that the Annual General Meeting (AGM) of the company will be held on 12 August 2021.

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Revenue increased 63% year-on-year (YoY) to Rs 880.8 crore during the quarter. EBITDA surged 192% to Rs 169.8 crore in Q4 FY21 from Rs 58.1 crore in Q4 FY20. EBITDA margin was at 19% as on 31 March 2021 compared with 11% as on 31 March 2020.

Profit before tax in the fourth quarter stood at Rs 152.6 crore as against Rs 43.2 crore in the same period last year.

The appareal maker recorded 1% drop in net profit to Rs 340.6 crore on 4% decline in revenue to Rs 2,833 crore in the year ended 31 March 2021 over the year ended 31 March 2020.

The cash & cash equivalent were at Rs 434.7 crore as on 31 March 2021.

Sunder Genomal, Managing Director, said: “This has been an unprecedented year for all of us. However, I am pleased to say that during this time, we were able to handle the operational challenges and come out as a stronger and more resilient organization.

We witnessed a strong demand pick-up across all our product categories. We have added 180 Exclusive Brand Outlets during the year and continue to strengthen our distribution channels.”

Page Industries is an Indian manufacturer and retailer of innerwear, loungewear and socks. It is the exclusive licensee of JOCKEY International Inc. (USA) for manufacture, distribution and marketing of the JOCKEY brand in India, Sri Lanka, Bangladesh, Nepal and the UAE. Page Industries is also the exclusive licensee of Speedo International for the manufacture, marketing and distribution of the Speedo brand in India.

The scrip shed 0.88% to currently trade at Rs 31,565.50 on the BSE.

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Net profit of Page Industries rose 272.53% to Rs 115.56 crore in the quarter ended March 2021 as against Rs 31.02 crore during the previous quarter ended March 2020. Sales rose 62.72% to Rs 880.77 crore in the quarter ended March 2021 as against Rs 541.29 crore during the previous quarter ended March 2020.

For the full year,net profit declined 0.77% to Rs 340.58 crore in the year ended March 2021 as against Rs 343.22 crore during the previous year ended March 2020. Sales declined 3.82% to Rs 2832.96 crore in the year ended March 2021 as against Rs 2945.54 crore during the previous year ended March 2020.

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