What Led to the Nearly 20% Decline in Jockey India Maker's Q4 Net Profit?
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Synopsis
In a recent financial disclosure, Jockey India maker Page Industries Limited reported a significant drop in its Q4 performance. Despite a year-on-year profit increase, the latest results showcase challenges. Discover the factors influencing this decline and the company's outlook for future growth.
Key Takeaways
- Page Industries reported a 19.86% decline in net profit for Q4 FY25.
- Revenue from operations fell by 16.37% to Rs 1,098.07 crore.
- Year-on-year, net profit increased by 52%.
- Company remains optimistic about the innerwear and athleisure market.
- Declared a dividend of Rs 200 per equity share.
Mumbai, May 15 (NationPress) Page Industries Limited, the manufacturer of Jockey India, revealed a decline in its financial results for the fourth quarter ending March 31 (Q4 FY25). The company recorded a net profit of Rs 164 crore in Q4, a drop of nearly 19.86 percent from Rs 204.65 crore in the previous quarter (Q3 FY25), as stated in its stock exchange announcement.
Revenue from operations also experienced a setback, decreasing by 16.37 percent to Rs 1,098.07 crore in Q4, down from Rs 1,313.05 crore in Q3.
The company's total income witnessed a decline of 15.74 percent, amounting to Rs 1,118.2 crore, in contrast to Rs 1,327.1 crore in the preceding quarter.
Total expenses for the quarter reached Rs 899.52 crore, which is 14.5 percent lower than Rs 1,052.13 crore in Q3.
Despite the downturn in both income and profit, the company succeeded in cutting down its expenses, although it was insufficient to counterbalance the overall decline.
On a year-on-year basis, the company reported a notable 52 percent increase in its net profit for the March 2025 quarter, up from Rs 108.20 crore in the same quarter last fiscal year.
Its revenue from operations also saw a rise of nearly 11 percent YoY, achieving Rs 1,098 crore in Q4, compared to Rs 992 crore in the March 2024 quarter.
Looking ahead, the company remains optimistic about the long-term potential of the innerwear and athleisure market in India.
It noted that factors such as increasing urbanization, rising consumer spending, and heightened demand for sustainable and functional products—particularly among younger consumers—will drive growth.
However, Page Industries expressed concerns regarding short-term uncertainties, especially due to escalating geopolitical tensions in western India.
Nonetheless, the company is committed to capitalizing on long-term opportunities through sustainable practices.
In conjunction with the Q4 results, the company declared its fourth interim dividend for FY25, announcing a payout of Rs 200 per equity share.
The record date for this dividend is May 21, with payments expected on or before June 13.
Point of View
It's crucial to recognize the challenges faced by Page Industries Limited amid shifting market dynamics. While the Q4 results indicate a decline, the year-on-year growth highlights resilience. Monitoring the company's strategic response to both short-term uncertainties and long-term opportunities will be essential for stakeholders.
NationPress
17/06/2025
Frequently Asked Questions
What factors contributed to the decline in Page Industries' Q4 net profit?
The decline in Page Industries' Q4 net profit was mainly due to reduced revenue from operations, which fell by 16.37%, alongside a decrease in overall income.
How does the current quarter's performance compare to previous years?
Year-on-year, Page Industries reported a remarkable 52% increase in net profit compared to the same quarter last fiscal year, indicating potential for recovery.
What is the company’s outlook on the innerwear market?
Page Industries remains optimistic about the innerwear and athleisure market in India, citing urbanization and consumer spending as key growth drivers.
What dividend has Page Industries declared for FY25?
The company announced a fourth interim dividend of Rs 200 per equity share, with the record date set for May 21.
What are the concerns raised by Page Industries regarding current market conditions?
Page Industries expressed concerns over short-term uncertainties primarily due to rising geopolitical tensions in western India.
