Skip to main content

AI assistant

Sign in to chat with this filing

The assistant answers questions, extracts KPIs, and summarises risk factors directly from the filing text.

Page Industries Ltd. Investor Presentation 2021

Nov 11, 2021

62181_rns_2021-11-11_707c7e9d-9a19-4d80-bb0d-1be07de433cb.pdf

Investor Presentation

Open in viewer

Opens in your device viewer

11 November 2021

The Secretary Corporate Relationship Dept. The Bombay Stock Exchange 1[st] Floor, New Trading Ring Rotunda Building Phiroze Jeejeebhoy Towers Dalal Street, Mumbai – 400 001

The Secretary National Stock Exchange of India Limited Exchange Plaza Bandra Kurla Complex Mumbai – 400 051

Dear Sir,

Sub: Press Release & Investor Presentation - Reg

We herewith enclosed the Press Release and Investor Presentation for the Quarter ended 30 September 2021.

This is for your information and records.

Thanking you,

Yours truly, For Page Industries Limited

Digitally signed by Murugesh Murugesh Date: 2021.11.11 13:53:23 +05'30' Murugesh C Company Secretary

Encl: as above

==> picture [451 x 40] intentionally omitted <==

For Immediate Release

Solid quarter with record growth in Revenues and PAT with increasing market presence

Bengaluru, India - 11[th] November 2021: Page Industries, India’s leading apparel manufacturer, announced its financial results for the quarter and half year ended 30[th] September 2021 today.

Financial Highlights for Q2FY22

  • Revenue at Rs. 10,840 million, up 46.4 % YoY

  • EBITDA margin at 21.5 %, at par with 22.3% during the same period last year

  • Reported Profit After Tax at Rs. 1,605 million; up 45 % YoY. PAT margin at 14.8 %

  • Cash and cash equivalents at Rs. 5,333 million, up 33 % YoY. Liquidity continues to remain strong with robust cash flow management

Financial Highlights for H1FY22

  • Revenue at Rs. 15,855 million, up 55% YoY. Sales momentum has picked significantly during the second half of FY22

  • EBITDA margin at 16.9 %, mainly due to lower margins in Q1FY22

  • Reported Profit After Tax at Rs. 1,714 million; up 140 % YoY. PAT margin at 10.8 %

Commenting on the results, Managing Director, Mr. Sunder Genomal said, “As we announce our highest-ever revenue and PAT this quarter, we remain confident to deliver on the long-term growth prospects of the company. I am pleased to share that the sales momentum has picked up significantly after the setbacks of the global pandemic. We saw increased momentum in sales across all our product categories backed by expansion in our portfolio and existing network. We are well poised and remain optimistic on delivering sustainable growth in the foreseeable future.

E-commerce continues to witness an increasing trend and our investments in warehousing, technology and logistics support helped not only in strong execution but also on delivering on profitable growth.

With a strong and proven business model, wide product portfolio, efficient financial management and a very loyal customer base, we remain committed to continue creating value for our stakeholders.”

Page Industries Limited Registered Office: Cessna Business Park, Tower-1, 7th Floor, Umiya BusinessBay, Varthur Hobli, Outer Ring Road, Bengaluru, 560103 Tel: 080 - 4945 4545 | CIN: L18101KA1994PLC016554

1

==> picture [451 x 40] intentionally omitted <==

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 Speedo International Ltd. for the manufacture, marketing and distribution of the Speedo brand in India.

Jockey is the company’s flagship brand and a market leader in the premium innerwear and leisure wear category. The brand is distributed in 2,895+ cities & towns and available in 94,000+ Multi Brand Outlets, 1,000+ Exclusive Brand Outlets (EBO) with extensive presence in 2500+ Large Format Stores, as also online. The company also has 7 EBOs outside India. Speedo brand is available in 1,340+ stores including 26+ EBOs and 15+ Large Format Stores, spread across 90+ cities.

For further information, please visit www.jockeyindia.com

Investor Contact – [email protected]

Disclaimer: Certain statements that may be made or discussed in this release may be forward-looking statements and/or based on management’s current expectations and beliefs concerning future developments and their potential effects upon Page Industries and its associates. The forward-looking statements are not a guarantee of future performance and involve risks and uncertainties and there are important factors that could cause actual results to differ, possibly materially, from expectations reflected in such forward-looking statements. Page Industries does not intend, and is under no obligation, to update any forward-looking statement made in this release.

Page Industries Limited Registered Office: Cessna Business Park, Tower-1, 7th Floor, Umiya BusinessBay, Varthur Hobli, Outer Ring Road, Bengaluru, 560103 Tel: 080 - 4945 4545 | CIN: L18101KA1994PLC016554

2

==> picture [456 x 510] intentionally omitted <==

==> picture [42 x 540] intentionally omitted <==

PERFORMANCE HIGHLIGHTS Q2FY22

NOVEMBER 11, 2021

==> picture [958 x 33] intentionally omitted <==

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 based on information and data which the Company considers reliable, but the Company makes no representation or warranty, express or implied, whatsoever of the contents of this Presentation. This Presentation may not be all inclusive and may not contain all of the information that you may consider relevant. Any liability in respect of the contents of, or any omission from, this Presentation is expressly excluded.

This presentation updated as on November 11, 2021 may contain certain forward-looking statements concerning the Company’s future business prospects and business profitability, which are subject to a number of risks and uncertainties and the actual results could materially differ from those in such forwardlooking statements. The risks and uncertainties relating to these statements include, but are not limited to, risks and uncertainties regarding fluctuations in earnings, our ability to manage growth, competition, economic growth in our markets, ability to attract and retain highly skilled professionals, our ability to manage our operations, government policies and actions, interest and other fiscal costs generally prevailing in the economy. The Company does not undertake to make any announcement in case any of these forwardlooking statements become materially incorrect in future or update any forward-looking statements made from time to time by or on behalf of the Company.

2

CONTENTS

  • COMPANY OVERVIEW

  • ATTRACTIVE MACRO OPPORTUNITY

  • KEY HIGHLIGHTS

  • MULTIPLE PRODUCTS OFFERING

COMPANY OVERVIEW

  • NEW LAUNCHES

  • UNMATCHED MARKET COVERAGE

  • EXTENSIVE BRAND REACH

  • MANUFACTURING CAPABILITIES

  • FINANCIAL HIGHLIGHTS

  • SUSTAINABILITY

  • SHAREHOLDING PATTERN

3

PAGE INDUSTRIES: VISION & MISSION STATEMENT

==> picture [746 x 254] intentionally omitted <==

----- Start of picture text -----

MISSION
To be the largest and most
MISSION
profitable premium innerwear
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
VISION
comfort; by ensuring our
consumers always get the
To inspire people to swim;
most comfortable and
with Speedo
innovative products at the
best possible
quality and value
for money
----- End of picture text -----

4

PAGE INDUSTRIES: AT A GLANCE

==> picture [82 x 82] intentionally omitted <==

Highly Experienced

Leading player in Highly Experienced Premium Innerwear Professional and Athleisure Management market supported by

23,900+ Employees 81% Women Employees

Production Capacity

260 mn pieces

15 manufacturing units

Strong backward integration

PAN India Presence

94,200+ Retail Network

1,000+ Exclusive Business Outlets (EBO’s)

2,580+ Large Format Stores (LFS)

Strong Financial Performance

Healthy ROCE 55%

Debt Free

& E-Commerce

  • Jockey is world’s best-loved and most recognisable brand. Active in more than 120 countries

  • Speedo International Ltd. is a manufacturer and distributor of swimwear and swimming accessories based in Nottingham, UK

• Exclusive licensee of JOCKEY International Inc. (USA) for manufacture, distribution and marketing in India, Sri Lanka, Bangladesh, Nepal, Oman, Qatar, Maldives, Bhutan and UAE

  • Exclusive licensee of Speedo International Ltd. for manufacture, distribution and marketing in India

  • Products include Swimwear, Equipment, Water shorts, Apparel and Footwear

  • Products include Innerwear, Athleisure, Socks for Men and Women, Thermal, Towels, Handkerchief, Caps and Face Mask

5

==> picture [150 x 106] intentionally omitted <==

----- Start of picture text -----

1995
• Incorporation of the
Company under the name
and style of Page Apparel
Manufacturing Private Ltd.
• Brand Jockey reached 100
towns
----- End of picture text -----

==> picture [29 x 68] intentionally omitted <==

----- Start of picture text -----

1997
----- End of picture text -----

==> picture [102 x 77] intentionally omitted <==

----- Start of picture text -----

Launch of Jockey
brassieres in India
2005
----- End of picture text -----

==> picture [256 x 159] intentionally omitted <==

----- Start of picture text -----

2011
• Launch of first
International
• Licensing agreement format EBO in
with Jockey Bengaluru
International Inc.
• Launched its own
extended till 2030
B2C e-commerce
• Also been awarded channel and tied up
the sole marketing with various
and distribution leading online
rights for UAE retailers to increase
reach of products
• Speedo Launch
----- End of picture text -----

==> picture [29 x 54] intentionally omitted <==

----- Start of picture text -----

2014
----- End of picture text -----

==> picture [30 x 65] intentionally omitted <==

----- Start of picture text -----

2016
----- End of picture text -----

==> picture [103 x 110] intentionally omitted <==

----- Start of picture text -----

2019
• Jockey Juniors
launched
• 25 years of
Jockey in India
----- End of picture text -----

==> picture [29 x 55] intentionally omitted <==

----- Start of picture text -----

2021
----- End of picture text -----

==> picture [958 x 33] intentionally omitted <==

----- Start of picture text -----

6
----- End of picture text -----

==> picture [958 x 540] intentionally omitted <==

----- Start of picture text -----

MANAGEMENT GROWTH INITIATIVES
Capacity Ramp-up in
both Manufacturing
and Sales
Expanding Channel
presence in distribution,
Exclusive Brand outlets,
Large Format Stores &
E-Commerce Page’s Value
System
Expanding investments
and spends in Sales and
Marketing at Point of Sale
Enhance investments in
R&D, Product Development
and Innovation,
Automation and Digital
Transformation
7
Quality
Integrity
Customer
Delight
People
Emphasis
Simplicity
Transparency
----- End of picture text -----

CONTENTS

  • COMPANY OVERVIEW

  • ATTRACTIVE MACRO OPPORTUNITY

  • KEY HIGHLIGHTS

  • MULTIPLE PRODUCTS OFFERING

ATTRACTIVE MACRO OPPORTUNITY

  • NEW LAUNCHES

  • UNMATCHED MARKET COVERAGE

  • EXTENSIVE BRAND REACH

  • MANUFACTURING CAPABILITIES

  • FINANCIAL HIGHLIGHTS

  • SUSTAINABILITY

  • SHAREHOLDING PATTERN

8

==> picture [958 x 540] intentionally omitted <==

----- Start of picture text -----

ATTRACTIVE MACRO: MULTIPLE DRIVERS FOR GROWTH
Industry Growth Drivers
107
10%
15 - 34 YRS
HIGHER INCREASE IN
LARGEST
67
DISPOSABLE URBAN
55 CONSUMER
INCOME POPULATION
41 GROUP
FY 2015 FY 2018 FY 2020E FY 2025P
HIGH GROWTH
INCREASED INCREASED
MIDDLE,
Indian Fashion Market (USD Bn) SHIFT INVOLVEMENT IN
PREMIUM,
IN ORGANISED BRANDED
SUPER- PREMIUM
The market is projected to grow at 10 percent and reach RETAIL INNERWEAR
SEGMENT
USD 107 bn by FY 2025.
MORE HIGHER
DISCERNING ASPIRATION FOR
CONSUMERS GLOBAL BRANDS
Source: Wazir Analysis
9
----- End of picture text -----

==> picture [53 x 17] intentionally omitted <==

----- Start of picture text -----

10.3%
----- End of picture text -----

==> picture [328 x 21] intentionally omitted <==

----- Start of picture text -----

8.6% 14.2% 10.3% 13.6% 8.4%
----- End of picture text -----

==> picture [104 x 15] intentionally omitted <==

----- Start of picture text -----

FY 2020E FY 2025P
----- End of picture text -----

==> picture [487 x 149] intentionally omitted <==

----- Start of picture text -----

9.4% 7.6% 14.1% 12.5% 16.1% 7.1%
39.0 24.4
24.9 16.9
8.5
4.4 1.0 1.8 0.9 1.9 1.7 2.4
Total Market Size Ethnic Innerwear Formal Casual Others
FY 2020E FY 2025P
----- End of picture text -----

==> picture [958 x 33] intentionally omitted <==

----- Start of picture text -----

10
----- End of picture text -----

CONTENTS

  • COMPANY OVERVIEW

  • ATTRACTIVE MACRO OPPORTUNITY

  • KEY HIGHLIGHTS

  • MULTIPLE PRODUCTS OFFERING

KEY HIGHLIGHTS

  • NEW LAUNCHES

  • UNMATCHED MARKET COVERAGE

  • EXTENSIVE BRAND REACH

  • MANUFACTURING CAPABILITIES

  • FINANCIAL HIGHLIGHTS

  • SUSTAINABILITY

  • SHAREHOLDING PATTERN

11

KEY HIGHLIGHTS

• MBO - Added 13,950 in this quarter in addition to 2,250 in Q1

  • EBO - Added 54 in this quarter in addition to 9 in Q1, now present in 1,000+ stores and 350+ cities

  • LFS - Added 6 LFS & 200+ stores in this quarter

  • With robust demand we achieved the best quarter in our history, in terms of revenue & PAT

  • Safety precautions and measures continue at manufacturing facilities and retail

outlets to ensure customers and employees stay safe

  • Continue to be debt-free during this year

12

CONTENTS

  • COMPANY OVERVIEW

  • ATTRACTIVE MACRO OPPORTUNITY

  • KEY HIGHLIGHTS

  • MULTIPLE PRODUCTS OFFERING

MULTIPLE PRODUCTS OFFERING

  • NEW LAUNCHES

  • UNMATCHED MARKET COVERAGE

  • EXTENSIVE BRAND REACH

  • MANUFACTURING CAPABILITIES

  • FINANCIAL HIGHLIGHTS

  • SUSTAINABILITY

  • SHAREHOLDING PATTERN

13

==> picture [569 x 34] intentionally omitted <==

JOCKEY PRODUCT PORTFOLIO

JUNIORS BOYS VESTS BRIEFS TRUNKS BOXER SHORTS T-SHIRTS POLO T-SHIRTS TRACK PANTS SHORTS SWEAT SHIRTS JACKETS

==> picture [35 x 32] intentionally omitted <==

==> picture [35 x 31] intentionally omitted <==

==> picture [958 x 396] intentionally omitted <==

----- Start of picture text -----

MEN
UNDERWEAR
VESTS
BRIEFS
JUNIORS
GIRLS BOXER BRIEFS
TRUNKS
PANTIES
BLOOMERS OUTERWEAR BOXER SHORTS
SHORTIES BERMUDAS INNER TEES
CAMISOLETANK TOPS LOUNGE PANTSTRACK PANTS MIDWAYS TOWELS
T-SHIRTS SPORTS SHORTS FACE
SHORTS T-SHIRTS HAND
CAPRIS POLO T-SHIRTS BATH
WOMEN TRACK PANTS GYM VESTS
PYJAMAS YOGA PANTS
UNDERWEAR SWEAT SHIRTS SLEEPWEAR
BRASSIERES JACKETS JACKETS
SPORTS BRA TANK TOP
PANTIES MUSCLE VEST FACE
CAMISOLECROP TOP LEGGINGSCAPRIS MASK
TANK TOPS
SHAPEWEAR
SHORTIES
SOCKS
THERMAL MEN,
WOMEN & KIDS CALF CAPS
ANKLE
TANK TOP
LOW SHOW
CAMISOLE
VEST NO SHOW
LEGGINGS
T-SHIRT
LONG JOHN HANDKERCHIEF
14
----- End of picture text -----

==> picture [469 x 68] intentionally omitted <==

SPEEDO PRODUCT PORTFOLIO

==> picture [162 x 141] intentionally omitted <==

SWIMACTIVE H2O ACTIVE SUN TOP CAPRI LEGGING WATERSHORT

==> picture [162 x 141] intentionally omitted <==

==> picture [35 x 271] intentionally omitted <==

==> picture [214 x 201] intentionally omitted <==

==> picture [108 x 136] intentionally omitted <==

SWIMWEAR LEISURE SWIMDRESS KNEESUIT LEGSUIT FULL BODY SUIT JAMMER AQUASHORTS WATERSHORTS ALL-IN-ONE SUIT

==> picture [104 x 72] intentionally omitted <==

==> picture [104 x 72] intentionally omitted <==

==> picture [108 x 42] intentionally omitted <==

EQUIPMENT GOGGLES CAPS TRAINING AID SWIM CONFIDENCE

FOOTWEAR SLIDE THONG

15

CONTENTS

  • COMPANY OVERVIEW

  • ATTRACTIVE MACRO OPPORTUNITY

  • KEY HIGHLIGHTS

  • MULTIPLE PRODUCTS OFFERING

NEW LAUNCHES

  • NEW LAUNCHES

  • UNMATCHED MARKET COVERAGE

  • EXTENSIVE BRAND REACH

  • MANUFACTURING CAPABILITIES

  • FINANCIAL HIGHLIGHTS

  • SUSTAINABILITY

  • SHAREHOLDING PATTERN

16

JOCKEY - NEW LAUNCHES

Style No. IM22 Full Sleeve T-Shirt

Style No. A111 Jacket

Style No. UM36 Jogger

Style No. AB26 Hoodie Sweatshirt

Style No. RG12 Long Length T-shirt

Style No. A100 3/4[th ] Sleeve T-Shirt

17

CONTENTS

  • COMPANY OVERVIEW

  • ATTRACTIVE MACRO OPPORTUNITY

  • KEY HIGHLIGHTS

  • MULTIPLE PRODUCTS OFFERING

UNMATCHED MARKET COVERAGE

  • NEW LAUNCHES

  • UNMATCHED MARKET COVERAGE • EXTENSIVE BRAND REACH

  • MANUFACTURING CAPABILITIES

  • FINANCIAL HIGHLIGHTS

  • SUSTAINABILITY

  • SHAREHOLDING PATTERN

18

CHANNEL SALES 4,130+ Distributor Accounts

2,895+ Cities / Towns 94,200+ Retail Network 655+ Channel Sales Strength

==> picture [564 x 540] intentionally omitted <==

----- Start of picture text -----

19
----- End of picture text -----

==> picture [509 x 540] intentionally omitted <==

----- Start of picture text -----

20
----- End of picture text -----

1000+ Exclusive Brand Outlets 46 Exclusive Woman Outlets 51 Exclusive Juniors Outlets 9 Factory Outlets 200+ Outlets in malls 800+ Outlets in high street Present in 350+ cities

LARGE FORMAT STORES: ENHANCING CUSTOMER REACH

==> picture [958 x 375] intentionally omitted <==

----- Start of picture text -----

29 Large Format ~ 2,580 ~ 3,950
Point of sale across
partners Stores
the country
21
----- End of picture text -----

==> picture [391 x 338] intentionally omitted <==

----- Start of picture text -----

ONLINE & E-COMMERCE:
RIDING THE DIGITAL WAVE
SELLING THROUGH ONLINE KEY PARTNERS
----- End of picture text -----

==> picture [392 x 338] intentionally omitted <==

==> picture [178 x 372] intentionally omitted <==

==> picture [711 x 12] intentionally omitted <==

==> picture [85 x 73] intentionally omitted <==

==> picture [175 x 69] intentionally omitted <==

==> picture [150 x 52] intentionally omitted <==

==> picture [129 x 43] intentionally omitted <==

==> picture [98 x 56] intentionally omitted <==

…and other Partners

==> picture [818 x 18] intentionally omitted <==

==> picture [890 x 69] intentionally omitted <==

CONTENTS

  • COMPANY OVERVIEW

  • ATTRACTIVE MACRO OPPORTUNITY

  • KEY HIGHLIGHTS

  • MULTIPLE PRODUCTS OFFERING

EXTENSIVE BRAND REACH

  • NEW LAUNCHES

  • UNMATCHED MARKET COVERAGE

  • EXTENSIVE BRAND REACH

  • MANUFACTURING CAPABILITIES

  • FINANCIAL HIGHLIGHTS

  • SUSTAINABILITY

  • SHAREHOLDING PATTERN

23

DIGITAL/SOCIAL MEDIA REACH

==> picture [851 x 423] intentionally omitted <==

==> picture [68 x 11] intentionally omitted <==

----- Start of picture text -----

Followers
----- End of picture text -----

24

9,52,498

22,160

18,719

2,09,107

CONTENTS

  • COMPANY OVERVIEW

  • ATTRACTIVE MACRO OPPORTUNITY

  • KEY HIGHLIGHTS

  • MULTIPLE PRODUCTS OFFERING

MANUFACTURING CAPABILITIES

  • NEW LAUNCHES

  • UNMATCHED MARKET COVERAGE

  • EXTENSIVE BRAND REACH

  • MANUFACTURING CAPABILITIES

  • FINANCIAL HIGHLIGHTS

  • SUSTAINABILITY

  • SHAREHOLDING PATTERN

25

==> picture [37 x 540] intentionally omitted <==

COMMITTED TO QUALITY

STRONG IN-HOUSE MANUFACTURING CAPABILITIES

  • Our own manufacturing helps set high quality standards for both in-house and outsourced manufacturing

  • Facilities spread over 2.2 million sq ft across 15 manufacturing units

  • Present in 14 locations in Karnataka and 1 in Tamil Nadu

  • Monitor every stage of manufacturing process: Designing, Raw Materials, Production Process, Packaging and Final Products

  • 70% in-house manufacturing

==> picture [216 x 100] intentionally omitted <==

==> picture [924 x 136] intentionally omitted <==

----- Start of picture text -----

Tirupur -1
Socks Knitting Quality Control Unit
----- End of picture text -----

CONTENTS

  • COMPANY OVERVIEW

  • ATTRACTIVE MACRO OPPORTUNITY

  • KEY HIGHLIGHTS

  • MULTIPLE PRODUCTS OFFERING

FINANCIAL HIGHLIGHTS

  • NEW LAUNCHES

  • UNMATCHED MARKET COVERAGE

  • EXTENSIVE BRAND REACH

  • MANUFACTURING CAPABILITIES

  • FINANCIAL HIGHLIGHTS

  • SUSTAINABILITY

  • SHAREHOLDING PATTERN

27

PROVEN TRACK RECORD OF FINANCIAL PERFORMANCE

==> picture [903 x 225] intentionally omitted <==

----- Start of picture text -----

Revenue Revenue Growth % EBITDA EBITDA Margin % PAT PAT Margin %
Rs Million Rs Million Rs Million
18.6% 19.8% 11.8% 3.3% -3.8% 19.4% 21.2% 21.6% 18.1% 18.6% 12.5% 13.6% 13.8%
11.7% 12.0%
29,454
28,522 28,330
6,169
25,520 3,939
5,406 5,326 5,266
3,470 3,432 3,406
21,305 4,132
2,663
FY17 FY18 FY19 FY20 FY21 FY17 FY18 FY19 FY20 FY21 FY17 FY18 FY19 FY20 FY21
----- End of picture text -----

Delivered Growth and continuous margin expansion

Expansion of Strong Focus on Distribution Brand Value Profitable Growth Network

==> picture [958 x 37] intentionally omitted <==

----- Start of picture text -----

28
----- End of picture text -----

==> picture [456 x 510] intentionally omitted <==

----- Start of picture text -----

RONW/ROCE EPS and DPS
72%
311
239
58% 58%
55% 55%
51%
131
97
41% 42%
40%
38%
FY17 FY18 FY19 FY20 FY21 FY17 FY18
RONW ROCE
Debt Free
----- End of picture text -----

19 19 16 12

==> picture [958 x 33] intentionally omitted <==

----- Start of picture text -----

29
----- End of picture text -----

==> picture [958 x 123] intentionally omitted <==

----- Start of picture text -----

PROFIT AND LOSS STATEMENT: QUARTERLY
QoQ YoY
Financials (INR mn) Q2FY22 % Q1FY22 % Q2FY21 %
growth growth
----- End of picture text -----

Financials (INR mn) Q2FY22 % Q1FY22 % Q2FY21 % QoQ
growth
YoY
growth
Revenue 10,840 100.0% 5,015 100.0% 7,403 100.0% 116% 46%
COGS 4,899 45.2% 2,120 42.3% 3,297 44.5% 131% 49%
Employee Cost 1,768 16.3% 1,527 30.4% 1,299 17.5% 16% 36%
Other operating cost 1,839 17.0% 1,026 20.5% 1,153 15.6% 79% 59%
Emp + operating cost 3,607 33.3% 2,553 50.9% 2,452 33.1% 41% 47%
EBITDA 2,334 21.5% 342 6.8% 1,654 22.3% 583% 41%
Other Income 54 0.5% 36 0.7% 37 0.5% 49% 44%
Depreciation 165 1.5% 159 3.2% 157 2.1% 4% 5%
Finance Cost 74 0.7% 73 1.5% 75 1.0% 2% -1%
PBT 2,148 19.8% 145 2.9% 1,459 19.7% 1382% 47%
Tax 543 5.0% 36 0.7% 350 4.7% 1409% 55%
PAT 1,605 14.8% 109 2.2% 1,109 15.0% 1372% 45%

==> picture [958 x 114] intentionally omitted <==

----- Start of picture text -----

GROSS MARGIN
Financials (INR mn) Q2 FY22 Q2 FY21 FY21
----- End of picture text -----

Financials (INR mn) Q2 FY22 Q2 FY21 FY21
Revenue 10,840 7,403 28,330
Material consumed 4,899 3,297 12,639
Sub contract costs # 412 269 1,058
Contribution 5,529 3,836 14,632
Contribution % 51.0% 51.8% 51.7%
Other manufacturing costs 1,305 802 3,507
Gross Proft 4,224 3,034 11,125
Gross Margin % 39.0% 41.0% 39.3%
Other operating costs 1,890 1,381 5,859
EBITDA 2,334 1,654 5,266
EBITDA% 21.5% 22.3% 18.6%

==> picture [958 x 110] intentionally omitted <==

----- Start of picture text -----

PROFIT AND LOSS STATEMENT: HALF YEARLY
Financials (INR mn) H1'22 % H1'21 % YoY growth
----- End of picture text -----

Financials (INR mn) H1'22 % H1'21 % YoY growth
Revenue 15,855 100.0% 10,251 100.0% 55%
COGS 7,019 44.3% 4,775 46.6% 47%
Employee Cost 3,295 20.8% 2,528 24.7% 30%
Other operating cost 2,865 18.1% 1,642 16.0% 75%
Emp + operating cost 6,160 38.9% 4,170 40.7% 48%
EBITDA 2,676 16.9% 1,307 12.7% 105%
Other Income 90 0.6% 98 1.0% -8%
Depreciation 324 2.0% 317 3.1% 2%
Finance Cost 147 0.9% 152 1.5% -3%
PBT 2,293 14.5% 935 9.1% 145%
Tax 579 3.7% 222 2.2% 161%
PAT 1,714 10.8% 713 7.0% 140%

Strong in-house Wide Range of product development Premium Quality and back end Products capabilities

Robust Financials with ROCE of 55%

Strong Distribution network with strong Strong Brand Equity, presence in MBO, EBO, Image and Leadership LFS and E-Commerce

License with Jockey International till 2040

Strong Balance Sheet; Debt Free

==> picture [958 x 33] intentionally omitted <==

----- Start of picture text -----

33
----- End of picture text -----

CONTENTS

  • COMPANY OVERVIEW

  • ATTRACTIVE MACRO OPPORTUNITY

  • KEY HIGHLIGHTS

  • MULTIPLE PRODUCTS OFFERING

SUSTAINABILITY

  • NEW LAUNCHES

  • UNMATCHED MARKET COVERAGE

  • EXTENSIVE BRAND REACH

  • MANUFACTURING CAPABILITIES

  • FINANCIAL HIGHLIGHTS

  • SUSTAINABILITY

  • SHAREHOLDING PATTERN

34

VISION

Commitment to Sustainability

Building Capacity

Fostering Commitment

Raising Awareness

Assigning Responsibility

Monitoring and Evaluation

==> picture [958 x 33] intentionally omitted <==

----- Start of picture text -----

35
----- End of picture text -----

==> picture [37 x 540] intentionally omitted <==

Economic Performance

Governance, Risk and Compliance

Materials

Occupational Health and Safety

Energy and GHG Emissions

Responsible Supply Chain

Diversity and Equal Opportunity

Product Stewardship

==> picture [958 x 33] intentionally omitted <==

----- Start of picture text -----

36
----- End of picture text -----

SUSTAINABILITY FOCUS AREAS

Economic Performance

Sustain strong financial performance by tracking economic value generated and distributed, assess and address the financial implications of sustainability risks and investing in sustainability projects

Diversity and Equal Opportunity

To ensure a diverse and inclusive workplace through policies, pay parity, infrastructural support and motivation

Compliance

Ensuring Compliance to all legal and statutory requirements by maintaining compliance score cards and creating awareness among third-party/outsourcing factories

Energy and GHG Emissions

Reduce our energy intensity by investing in energy efficiency initiatives, adopting renewable energy and consequently reduce direct and indirect emissions

Responsible Supply Chain

Align sustainability across supply chain and drive responsible business operation by enhancing supplier sustainability assessments, vendor and supplier code of conduct and a responsible chemical management policy

Product Stewardship

Occupational Health and Safety

Promote a zero harm workplace

Materials

Ensuring raw materials used in our products are sustainable in terms of impact on the environment, safety of our customers and highest quality and packaging materials are recycled 100%

Water and Effluents

Reduce fresh water consumption by adopting innovative water efficient technologies and increasing the percentage of water recycled and reused

Sustainability Report 2019-2020: View here

Enhancing the share of sustainable packaging and product sustainability attributes such as renewable and recycled materials, vendor certifications and Life Cycle Assessment

37

CONTENTS

  • COMPANY OVERVIEW

  • ATTRACTIVE MACRO OPPORTUNITY

  • KEY HIGHLIGHTS

  • MULTIPLE PRODUCTS OFFERING

SHAREHOLDING PATTERN

  • NEW LAUNCHES

  • UNMATCHED MARKET COVERAGE

  • EXTENSIVE BRAND REACH

  • MANUFACTURING CAPABILITIES

  • FINANCIAL HIGHLIGHTS

  • SUSTAINABILITY

  • SHAREHOLDING PATTERN

38

Insurance Companies and

Others, 9.5%

Mutual Funds, 13.2% Promoter, 47.9%

==> picture [958 x 33] intentionally omitted <==

----- Start of picture text -----

39
----- End of picture text -----

FPI, 23.7%

THANK YOU

PAGE INDUSTRIES LIMITED

CIN: L18101KA1994PLC016554

Contact Us:

For Investor Relations: [email protected] Website: www.jockey.in

==> picture [505 x 510] intentionally omitted <==

40