Page Industries Limited reported a profit of Rs 108.20 crore for the fiscal fourth quarter, up 38.1 percent from Rs 78.35 crore in the same quarter in FY23. It reported revenue from Jockey operations of Rs 995.35 crore, up 3.2% from Rs 964.59 crore in the same period last year. The company’s EBITDA was Rs 167.20 crore, up 24.5 percent from the previous year.
The company’s board declared a fourth interim dividend of Rs 120 per equity share for fiscal year 2023-24. “As previously announced, the record date for the interim dividend payment is May 31, 2024. “The dividend is scheduled to be paid on or before June 22, 2024,” it stated.
VS Ganesh, Managing Director of Page Industries Limited, stated, “I am pleased to share that our strategic commitment to sustainable sales practices and meticulous inventory management has been instrumental in maintaining solid margins and increasing profitability. Focused efforts to improve operational efficiency were also critical in allowing us to achieve an impressive 38.1 percent increase in PAT.
“Despite challenges from generally subdued market conditions, our adaptive strategies, which include increasing supply chain productivity and modernizing our distribution management system in response to changing market demands, have shown early signs of stabilizing revenue this quarter. Our ecommerce channel continues to grow significantly, reflecting changing consumer purchasing behaviour.
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