Jockey India maker's Q4 net profit falls nearly 20 pc, revenue down 16 pc

IANS May 15, 2025 195 views

Page Industries, the maker of Jockey India, reported a notable dip in its Q4 financial results with a nearly 20% decline in net profit and a 16.37% drop in revenue. Despite these challenges, the company achieved a year-on-year net profit increase of 52% for the March 2025 quarter. Page Industries cited growing urbanization and demand for sustainable clothing as future growth drivers. The company also declared a Rs 200 interim dividend but expressed concerns about geopolitical tensions affecting short-term performance.

"Despite short-term uncertainties, we are confident in long-term growth opportunities." - Page Industries
Mumbai, May 15: Jockey India maker Page Industries Limited on Thursday reported a dip in its financial performance for the fourth quarter that ended on March 31 (Q4 FY25).

Key Points

1

Net profit declined 19.86% compared to Q3

2

Revenue from operations fell by 16.37%

3

Reported a 52% YoY profit rise for March 2025 quarter

The company posted a net profit of Rs 164 crore in Q4, marking a decline of nearly 19.86 per cent compared to Rs 204.65 crore in the previous quarter (Q3 FY25), according to its stock exchange filing.

Revenue from operations also took a hit, falling by 16.37 per cent to Rs 1,098.07 crore in Q4, down from Rs 1,313.05 crore in Q3.

The company's total income saw a drop of 15.74 per cent, coming in at Rs 1,118.2 crore, compared to Rs 1,327.1 crore in the previous quarter.

Total expenses during the quarter were Rs 899.52 crore, which is 14.5 per cent lower than Rs 1,052.13 crore in Q3.

Despite the drop in both income and profit, the company managed to reduce its expenses, though not enough to offset the overall decline.

However, year-on-year, the company reported a sharp 52 per cent increase in its net profit for the March 2025 quarter, rising from Rs 108.20 crore in the same quarter last fiscal.

Its revenue from operations also grew nearly 11 per cent YoY, reaching Rs 1,098 crore in Q4, compared to Rs 992 crore in the March 2024 quarter.

Looking ahead, the company expressed confidence in the long-term potential of the innerwear and athleisure market in India.

It said that increasing urbanisation, rising consumer spending, and growing demand for sustainable and functional products -- especially among younger buyers -- will be key growth drivers.

However, Page Industries flagged concerns about short-term uncertainties, especially due to rising geopolitical tensions in western India.

Despite this, the company said it remains focused on leveraging long-term opportunities through sustainable practices.

Alongside the Q4 results, the company announced its fourth interim dividend for FY25, declaring a payout of Rs 200 per equity share.

The record date for the dividend is May 21, and shareholders can expect the payment on or before June 13.

Reader Comments

R
Rahul K.
Not surprising given the current economic slowdown. Many FMCG companies are facing similar challenges. But Jockey remains a trusted brand - their quality is still unmatched in the innerwear segment. Hope they bounce back next quarter! 🤞
P
Priya M.
The YoY growth looks promising though! 52% increase in net profit compared to last year is impressive. Maybe the Q4 dip is just seasonal? Also ₹200 dividend per share is quite generous. Long-term investors shouldn't worry too much.
A
Arjun S.
Jockey needs to innovate more. Their prices have gone up significantly but I don't see much improvement in designs. Many new Indian brands are offering better styles at lower prices. Maybe that's affecting their sales?
N
Neha T.
As someone from Mumbai, I've noticed Jockey stores are always empty these days. Their marketing needs a refresh - maybe more digital campaigns targeting Gen Z? The athleisure market is booming but they seem stuck in old strategies.
S
Sanjay P.
The geopolitical tensions mention is interesting. Many don't realize how global issues affect even our underwear brands! Shows how interconnected our economy is. On positive side, their focus on sustainability is good - Indian consumers care about this now.
M
Meena R.
Still the most comfortable innerwear I've used! 😊 Yes, slightly expensive but lasts longer than cheaper brands. Hope they don't compromise on quality to cut costs. Sometimes Indian companies make this mistake when profits dip.

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Page Industries Jockey India Q4 Results Net Profit Revenue Decline Dividend