Analyst Concall
Page Industries to focus on clearing athleisure inventory
This story was originally published at 18:25 IST on 15 May 2025
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--Page Ind: Volume growth in innerwear marginally higher than athleisure
--Page Ind: See no need for raising prices going forward
--CONTEXT:Comments by Page Industries' mgmt in post-earnings analyst concall
--Page Ind: Higher women's outerwear inventory in channels affecting growth
--Page Ind: Will continue to invest in new products going forward
--Page Industries: Looking to moderate inventory in sales channels
By Avishek Rakshit and J. Navya Sruthi
KOLKATA/MUMBAI – Page Industries Ltd., the exclusive licensee of Jockey International Inc. (USA) for the manufacture, distribution and marketing of the Jockey brand in India and other countries, is focusing on clearing inventory in the sales channels, which potentially can impede future sales growth.
The company has a considerable inventory of women's athleisure wear, which is impacting uptake from its sales channels like distributors and retailers, its Managing Director V.S. Ganesh said at a call with analysts after announcing the financial results for the quarter ended March.
"Specifically on athleisure, we've brought down our inventory days by about seven days from when we started the year. We still feel there is a potential to bring it down by another seven to eight days as far as the partner inventory is concerned," Ganesh said, adding that the company's sales volume growth in innerwear was marginally higher than the athleisure segment.
Sales volume of Page Industries grew 8.5% on year to 49.2 million pieces in Jan-Mar, translating to a revenue growth of 10.6% on year to nearly INR 11 billion.
Page Industries is now aiming to bring down the inventory days in its sales channels from 50-52 days to 45 days, which it feels is optimum. In the retail industry, inventory days signify the days it will take for a stockist or retailer to clear goods without being refilled by the manufacturer or supplier.
Ganesh said that the company will continue to invest in bringing out new products and enhancing its installed capacity. The company is purchasing a new plot in Odisha for apparel manufacturing and intends to spend around INR 1.8 billion in the ongoing financial year. With cotton prices remaining largely stable, Page Industries is not planning to raise the prices of its products going forward.
Thursday, shares of Page Industries closed 1.1% up at INR 46,940.00 on the National Stock Exchange. End
Edited by Saji George Titus
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