Page Industries Limited · NSE:PAGEIND
Page Industries — Q3 FY2024 Earnings Presentation
27 slides from Page Industries's earnings presentation, Feb 9, 2024
Slide 1: Cover letter to stock exchanges
` 8 February 2024 The Secretary The Secretary Corporate Relationship Dept. National Stock Exchange of India The Bombay Stock Exchange Limited 1st Floor, New Trading Ring Exchange Plaza Rotunda Building Bandra Kurla Complex Phiroze Jeejeebhoy Towers Mumbai – 400 051 Dalal Street, Mumbai – 400 001 Dea
Slide 2: Page Industries Limited reports profit uptick in Q3 FY24
Press Release For Immediate Dissemination Page Industries Limited reports profit uptick in Q3 FY24 Q3 PAT up 23.1% on the back of operational efficiency Bengaluru, 08 February 2024: Page Industries Limited, India’s leading apparel manufacturer, today announced its financial results for the third qua
Slide 3: About Page Industries Limited
About Page Industries Limited Page Industries is the exclusive licensee of JOCKEY International Inc. (USA) for manufacture, distribution and marketing of the JOCKEY® brand in India, Sri Lanka, Bangladesh, Nepal, Oman, Qatar, Maldives, Bhutan and UAE. Page Industries is also the exclusive licensee of
Slide 4: Performance Highlights Q3FY24
PERFORMANCE HIGHLIGHTS Q3FY24 FEBURARY 8, 2024
Slide 5: Safe Harbour Statement
SAFE HARBOUR STATEMENT This presentation, by Page Industries Limited (the “Company”), has been prepared solely for information purposes and does not constitute any offer, recommendation or invitation to purchase or subscribe for any securities. This presentation has been prepared by the Company base
Slide 6: Contents
• QUARTERLY UPDATE - MANAGEMENT COMMENTARY - KEY QUALITATIVE HIGHLIGHTS - MARKET COVERAGE - NEW LAUNCHES - DIGITAL/SOCIAL MEDIA REACH - FINANCIAL HIGHLIGHTS CONTENTS • COMPANY OVERVIEW - ABOUT PAGE INDUSTRIES - MANUFACTURING CAPABILITIES - PRODUCT PORTFOLIO - EXCLUSIVE BRAND STORE - NEW IDENTITY - M
Slide 7: Management Commentary
MANAGEMENT COMMENTARY Amid resilient economic conditions in Q3, we are happy to announce significant growth in PAT and a slight increase in revenue for the quarter, bolstered by seasonal festivities and healthier inventory levels across our distribution network. Our commitment to technological advan
Slide 8: Key Qualitative Highlights for Q3 FY24
KEY QUALITATIVE HIGHLIGHTS FOR Q3 FY24 Market Commentary - The retail sector experienced subdued demand in Q3 FY24, with consumer expenditures shifting towards travel and leisure, impacting the initial tepid performance in October ‘23, followed by a brief revival due to festive demand in November ‘2
Slide 9: Unmatched Market Coverage
UNMATCHED MARKET COVERAGE Multi-Brand Exclusive Brand Store Key Department Store ECommerce Trade Channel 4,170 + 1,390+ 21 Jockey.in Distributor Accounts Exclusive Brand Stores Partner Chains speedo.in 2,750 + 42 2,337 + Cities / Towns Exclusive Woman Stores Stores 1,13,688 + 62 3,027 + Retail Netwo
Slide 10: Jockey - New Launches
JOCKEY - NEW LAUNCHES Style No. AM49 Style No. AG85 Track Pants Track Pants Style No. MC10 Boxer Shorts Style No. IW31 T-Shirt 7
Slide 11: Digital/Social Media Reach
DIGITAL/SOCIAL MEDIA REACH Followers 9,56,934 3,01,655 22,774 26,400 8
Slide 12: Financial Highlights
FINANCIAL HIGHLIGHTS QoQ YoY Particulars (INR mn) Q3FY24 % Q2FY24 % Q3FY23 % growth growth Revenue 12,288 11,251 12,000 9.2% 2.4% EBITDA 2,297 18.7% 2,336 20.8% 1,928 16.1% -1.7% 19.1% PBT 2,021 16.4% 1,995 17.7% 1,645 13.8% 1.3% 22.9% PAT 1,524 12.4% 1,504 13.4% 1,237 10.4% 1.3% 23.1% YoY Financial
Slide 13: Company Overview
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Slide 14: Page Industries: Vision & Mission Statement
PAGE INDUSTRIES: VISION & MISSION STATEMENT MISSION To be the largest and most profitable premium innerwear MISSION and athleisure brand within To be the number one swim- men, women and kids wear brand in our licensed segments in our licensed markets markets VISION To satisfy the human need for comf
Slide 15: Page Industries: At a Glance
PAGE INDUSTRIES: AT A GLANCE Leading player in Highly Experienced Production Capacity PAN India Presence Strong Financial Premium Innerwear Professional 280 mn pieces 1,13,688+ Retail Network Performance and Athleisure Management market supported by 15 manufacturing units 1,394+ Exclusive Brand Stor
Slide 16: Manufacturing Capabilities
MANUFACTURING CAPABILITIES STRONG IN-HOUSE MANUFACTURING CAPABILITIES COMMITTED TO QUALITY • Our own manufacturing helps set high quality • Facilities spread over 2.2 million sq ft across 15 standards for both in-house and outsourced manufacturing units manufacturing • Present in 14 facilities in Ka
Slide 17: Jockey Product Portfolio
JOCKEY JUNIORS BOYS PRODUCT VESTS BRIEFS TRUNKS PORTFOLIO BOXER SHORTS T-SHIRTS POLO T-SHIRTS TRACK PANTS SHORTS SWEAT SHIRTS JACKETS MEN INNERWEAR VESTS BRIEFS JUNIORS BOXER BRIEFS GIRLS PANTIES TRUNKS BLOOMERS OUTERWEAR BOXER SHORTS SHORTIES BERMUDAS INNER TEES CAMISOLE TRACK PANTS TANK TOPS LOUNG
Slide 18: Speedo Product Portfolio
SPEEDO PRODUCT PORTFOLIO SWIMACTIVE SWIM SUN TOP CAPRI LEGGING WATERS WATERSHORT EQUIPMENT GOGGLES CAPS TRAINING AID SWIM CONFIDENCE SWIMWEAR S FOOTWEAR F S SWIMDRESS S SLIDE K KNEESUIT T THONG L LEGSUIT F FULL BODY SUIT J JAMMER A AQUASHORTS W WATERSHORTS A ALL-IN-ONE SUIT 15
Slide 19: Exclusive Brand Store
EXCLUSIVE BRAND STORE 16
Slide 20: Management Growth Initiatives
MANAGEMENT GROWTH INITIATIVES Capacity Ramp-up in both Manufacturing and Sales Quality Expanding Channel presence in distribution, Integrity Customer Exclusive Brand outlets, Delight Large Format Stores & E-Commerce Page’s Value System Expanding investments People and spends in Sales and Emphasis Si
Slide 21: Key Investment Highlights
KEY INVESTMENT HIGHLIGHTS In-house product Wide Range of development Robust Financials Premium Quality expertise and back with ROCE of 50% Products end capabilities Strong Distribution network across License with Jockey Reputed Brand Equity, Strong Balance Sheet MBO, EBO, LFS and International till
Slide 22: Proven Track Record of Financial Performance
PROVEN TRACK RECORD OF FINANCIAL PERFORMANCE Revenue EBITDA PAT ` Million ` Million (EBITDA Margin %) ` Million (PAT Margin %) 47,886 8,627 5,712 7,855 (18.0%) 5,365 (11.9%) 38,865 (20.2%) (13.8%) 6,169 29,454 (21.6%) 3,939 28,522 28,330 5,326 5,266 (13.8%) 3,432 3,406 (18.1%) (18.6%) (11.7%) (12.0%
Slide 23: Proven Balance Sheet Strength
PROVEN BALANCE SHEET STRENGTH RONW*/ROCE EPS and DPS 512 Working Capital Days 481 353 344 72% 308 122 68% 305 300 96 92 260 89 58% 250 55% 50% 71 66 60 59 59 161 57 54% 49% 46% 34 43% 32 22 40% 18 16 16 16 9 11 12 FY19 FY20 FY21 FY22 FY23 FY19 FY20 FY21 FY22 FY23 Receivables Inventory Payables Net W
Slide 24: Sustainability
SUSTAINABILITY The nine focus areas are translated into nine missions targeted to drive value by embedding futuristic commitments across the missions. SUSTAINABILITY VISION To be a leading apparel company through balanced growth with a focus Economic on quality, innovation and sustainable design, th
Slide 25: Sustainability Milestones
SUSTAINABILITY MILESTONES Economic Performance Governance, Risk, and Energy and GHG Emission Water and Effluents: Materials • Sustainability impact assessments Compliance: • Energy Intensity at 54 (GJ/ Million • 82% of treated water recycled • As per the EPR registration, of investments are being ca
Slide 26: Shareholding Pattern
SHAREHOLDING PATTERN As on December 2023 Insurance Companies and Other DIIs, 4.3% Others 8.5% Mutual Funds, 17.9% Promoters, 45.1% FPI, 21.8% Market Cap: ~ INR 413 bn (as on 31st January 2024) 23
Slide 27: Thank You
THANK YOU PAGE INDUSTRIES LIMITED CIN: L18101KA1994PLC016554 Contact Us: For Investor Relations: investors@jockeyindia.com Website: www.jockey.in 24