Page Industries Ltd. — Investor Presentation 2021

May 27, 2021

May 27, 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 31[st] March 2021.

This is for your information and records.

Thanking you,

Yours truly, For Page Industries Limited

Murugesh

Digitally signed by Murugesh Date: 2021.05.27 12:59:42 +05'30'

Murugesh C Company Secretary

Encl: as above

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For Immediate Release

Best performance in history with strong growth across key financial metrices

Bengaluru, India – 27[th] May 2021: Page Industries, India’s leading apparel manufacturer, announced its financial results for the quarter and full year ended 31[st] March 2021 today.

Financial Highlights for Q4FY21

• Revenue, the second highest achieved in any quarter at Rs. 8,808 million; marginally lower QoQ and up 63% YoY.

• EBITDA margin at 19%.

• Reported Profit After Tax is one of the strongest reported by the Company at Rs. 1,156 million; down 25% QoQ and up 272% YoY. PAT margin at 13%, aided by growth in revenues, coupled with efficient control on operating costs.

Financial Highlights for FY21

• Revenue at Rs. 28,330 million; down 4% YoY. Although, sales were severely impacted due to the covid-19 pandemic during Q1’21, we witnessed a steady recovery with a strong pick-up in sales momentum Q2’21 onwards leading to Q3’21 and Q4’21 reporting best quarterly performance in the history of the Company.

• The operating cost was reduced by 16% to Rs. 4,787 million.

• EBITDA and PAT margins are steady at 19% and 12% respectively.

• The cash & cash equivalent continued to be strong at Rs. 4,347 million. We continue to have a strong balance sheet, debt-free and with ROCE at 55%.

Commenting on the results, Managing Director, Mr. Sunder Genomal said, “This has been an unprecedented year for all of us. However, I am pleased to say that during this time, we were able to handle the operational challenges and come out as a stronger and more resilient organization.

Although the year started on a challenging note, we were quick to implement our business continuity plans resulting in one of the best quarter performances for the company in its history. We witnessed a strong demand pick-up across all our product categories. We have added 180 Exclusive Brand Outlets during the year and continue to strengthen our distribution channels.

Our focus continues to be on strengthening our management team with the best talent and invest in digital transformation, technology and innovation in product design and development, marketing and brand building. There is also renewed focus in becoming more efficient and optimal in all aspects of the business, while at the same time taking care to eliminate any wasteful spend or activity.

Given our strong and proven business model, wide product portfolio, efficient financial management and a very loyal customer base, we continue to remain very confident of our medium to long term prospects.”

Page Industries Limited

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

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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 2890+ cities & towns and available in 78,000+ Multi Brand Outlets, 930+ Exclusive Brand Outlets (EBO) with extensive presence in Large Format Stores, as also online. The company also has 6 EBO’s outside India. Speedo brand is available in 1340+ stores including 30+ EBO’s and 15+ Large Format Stores, spread across 290+ cities.

For further information, please visit www.jockeyindia.com

Investor Contact – investors@jockeyindia.com

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 Business Bay, Varthur Hobli, Outer Ring Road, Bengaluru, 560103 Tel: 080 - 4945 4545 | CIN: L18101KA1994PLC016554

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PERFORMANCE HIGHLIGHTS Q4FY21

MAY 27, 2021

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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 May 27, 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 forward-looking 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.

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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

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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
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PAGE INDUSTRIES: AT A GLANCE

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Leading player in Premium Innerwear and Athleisure market

Highly Experienced Professional Management supported by 21,280+ Employees 79% Women Employees

Production Capacity 260 mn pieces 15 manufacturing units

Strong backward integration

PAN India Presence

78,000+ Retail Network

930+ Exclusive Business Outlets (EBO’s)

Increasing presence in 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, Caps and Face Mask

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1995
• Incorporation of the
Company under the name
and style of Page Apparel
Manufacturing Private Ltd.
• Brand Jockey reached 100
towns
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1997
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Launch of Jockey
brassieres in India
2005
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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
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2014
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2016
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2019
• Jockey Juniors
launched
• 25 years of
Jockey in India
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2020
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6
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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
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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

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ATTRACTIVE MACRO: MULTIPLE DRIVERS FOR GROWTH
Favourable Demographics Industry Growth Drivers
41.7%
31.1%
15 - 34 YRS
27.8%
HIGHER INCREASE IN
25.7% LARGEST
DISPOSABLE URBAN
CONSUMER
INCOME POPULATION
GROUP
0.8 1.0 1.2 1.5
1991 2001 2011 2030P
TOTAL POPULATION (IN BN) URBANISATION (%)
HIGH GROWTH
INCREASED INCREASED
MIDDLE,
SHIFT INVOLVEMENT IN
Increase in Propensity to spend, leading to increase in demand
PREMIUM,
for improved products IN ORGANISED BRANDED
SUPER- PREMIUM
RETAIL INNERWEAR
SEGMENT
Per Capita Income CAGR of ~10% over last 5 years
Metro and large cities in India will continue to increase from 50+ now
MORE HIGHER
Increasing urban women population and corporate workforce
DISCERNING ASPIRATION FOR
CONSUMERS GLOBAL BRANDS
Increase in trend towards swimming for various reasons such as,
Healthy Living & Weight Management, Fitness, Relaxation and Hobby
Source: National Infrastructure Pipeline Report 2020, MOSPI
9
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ATTRACTIVE MACRO: LARGE MARKET

Indian Innerwear Market

• Among all the fashion categories, innerwear is one of the fastest growing categories over the last few decades

• Domestic demand of innerwear has changed with consumer buying behavior, transforming from need based to aspiration based, coupled with increased fashion consciousness among millennials

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89,700
53,200
32,000
2018 (E) 2023 (P) 2028 (P)
CAGR: 2018-28: 11%
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Indian Outerwear Market

Athleisure Market

• Athleisure, a phenomenon in world fashion has in the last few years become the most dynamic and fast-growing segments in the India apparel market

• India’s athleisure market is ~ ` 54,000 crore growing at 18-20%

Kidswear Market

The men’s innerwear market is currently valued at 11,000 crore and is expected to grow at a CAGR of 7% over the next decade to reach 21,800 crore by 2028

Women’s innerwear segment is poised to grow at an impressive growth rate of 12.5% over the next decade to reach 68,000 crore by 2028 from current market size of 21,000 crore

• With a booming kids population in India and owing to distinct factors like the growing trend of nuclear family system, increased spending on children, greater brand awareness among kids, and better focus on this segment by organized players

• The kids wear market in India is estimated at ` 81,900 crores and expected to grow at a CAGR of 8.5% in the next five years

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Source images business of fashion

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

• Continued growth momentum with strong revenue and PAT growth

• Liquidity continues to remain strong with cash and cash equivalents increasing 292% YoY to ` 4,347 million

• Retail stores of channel partners’ active as of end - March 2021

• 90% of our 78,000+ MBO’s are active

• All 930 EBO’s are active

• All 2,361 LFS are fully functional

• Successful re-certification of all our units by Worldwide Responsible Accredited Production (WRAP), an independent, objective, non-profit team of global social compliance experts dedicated to promoting safe, lawful, humane, and ethical manufacturing around the world

• Safety precautions and measures continue at manufacturing facilities and retail outlets to ensure customers and employees stay safe

• Continue to be debt-free during FY21

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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

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JOCKEY JUNIORS
BOYS
VESTS
PRODUCT BRIEFS
TRUNKS
BOXER SHORTS
PORTFOLIO T-SHIRTS
POLO T-SHIRTS
TRACK PANTS
SHORTS
SWEAT SHIRTS
JACKETS
MEN
UNDERWEAR
VESTS
BRIEFS
JUNIORS
GIRLS BOXER BRIEFS
TRUNKS
PANTIES
BLOOMERS OUTERWEAR BOXER SHORTS
SHORTIES BERMUDAS INNER TEES
CAMISOLE TRACK PANTS MIDWAYS
TANK TOPS LOUNGE PANTS
T-SHIRTS SPORTS SHORTS
SHORTS T-SHIRTS
CAPRIS POLO T-SHIRTS
WOMEN TRACK PANTS GYM VESTS TOWELS
PYJAMAS YOGA PANTS FACE
UNDERWEAR SWEAT SHIRTS SLEEPWEAR HAND
BRASSIERES JACKETS JACKETS
BATH
SPORTS BRA TANK TOP
PANTIES MUSCLE VEST
CAMISOLE CAPRIS
CROP TOP LEGGINGS
TANK TOPS
SHAPEWEAR FACE
SHORTIES MASK
SOCKS
THERMAL MEN,
WOMEN & KIDS CALF
ANKLE
TANK TOP
LOW SHOW
CAMISOLE
VEST NO SHOW
LEGGINGS
T-SHIRT
LONG JOHN CAPS
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SPEEDO PRODUCT PORTFOLIO

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SWIMACTIVE H2O ACTIVE SUN TOP CAPRI LEGGING WATERSHORT

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

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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

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Style No. UM40 TANK TOP Style No. AM06 MUSCLE TEE

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Style No. AG47 T-SHIRT Style No. 1301P TRACK PANTS

Style No. AW87 LEGGINGS Style No. MW23 SHORTS

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 3,900+ Distributor Accounts

2,890+ Cities / Towns 78,000+ Retail Network 620+ Channel Sales Strength

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930+ Exclusive Brand Outlets 46 Exclusive Woman Outlets 38 Exclusive Juniors Outlets 190+ Outlets in malls 740+ Outlets in high street Present in 330+ cities

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20
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LARGE FORMAT STORES: ENHANCING CUSTOMER REACH

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22 Large Format ~ 2,350 ~ 3,600
Point of sale across
partners Stores
the country
21
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ONLINE & E-COMMERCE:
RIDING THE DIGITAL WAVE
SELLING THROUGH ONLINE KEY PARTNERS
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…and other Partners

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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

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24

Followers

9,43,385

22,000

1,93,357

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

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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

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Tirupur -1
Socks Knitting Quality Control Unit
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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

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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
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Delivered Growth and continuous margin expansion

Expansion of Strong Focus on Distribution Brand Value Profitable Growth Network

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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
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19 19 16 12

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PROFIT AND LOSS STATEMENT: FULL YEAR
Financials (INR mn) FY 21 % FY 20 % YoY growth
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	Financials (INR mn)	FY 21	%	FY 20	%	YoY growth
	Revenue	28,330	100%	29,454	100%	-4%
	COGS	12,639	45%	13,108	45%	-4%
	Employee Cost	5,638	20%	5,317	18%	6%
	Other operating cost	4,787	17%	5,703	19%	-16%
	Emp + operating cost	10,424	37%	11,020	37%	-5%
	EBITDA	5,266	19%	5,326	18%	-1%
	Other Income	195	1%	246	1%	-21%
	Depreciation	629	2%	614	2%	3%
	Finance Cost	297	1%	339	1%	-12%
	PBT	4,534	16%	4,620	16%	-2%
	Tax	1,128	4%	1,188	4%	-5%
	PAT	3,406	12%	3,432	12%	-1%

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PROFIT AND LOSS STATEMENT: QUARTERLY
QoQ YoY
Financials (INR mn) Q4FY21 % Q3FY21 % Q4FY20 %
growth growth
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	Financials (INR mn)	Q4FY21	%	Q3FY21	%	Q4FY20	%	QoQ growth	YoY growth
	Revenue	8,808	100%	9,271	100%	5,413	100%	-5%	63%
	COGS	3,733	42%	4,131	45%	2,228	41%	-10%	68%
	Employee Cost	1,648	19%	1,462	16%	1,344	25%	13%	23%
	Other operating cost	1,729	20%	1,417	15%	1,260	23%	22%	37%
	Emp + operating cost	3,377	38%	2,878	31%	2,603	48%	17%	30%
	EBITDA	1,698	19%	2,261	24%	581	11%	-25%	192%
	Other Income	56	1%	42	0%	99	2%	34%	-44%
	Depreciation	156	2%	156	2%	163	3%	0%	-4%
	Finance Cost	72	1%	74	1%	85	2%	-3%	-16%
	PBT	1,526	17%	2,073	22%	432	8%	-26%	253%
	Tax	371	4%	536	6%	122	2%	-31%	205%
	PAT	1,156	13%	1,537	17%	310	6%	-25%	272%

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GROSS MARGIN
Financials (INR mn) Q4,FY21 Q4,FY20 FY21 FY20
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	Financials (INR mn)	Q4,FY21	Q4,FY20		FY21	FY20
	Revenue	8,808	5,413		28,330	29,454
	Material consumed	3,733	2,228		12,639	13,108
	Sub contract costs #	349	325		1,058	1,237
	Contribution	4,726	2,860		14,632	15,109
	Contribution %	53.7%	52.8%		51.7%	51.3%
	Other manufacturing costs	1,058	787		3,507	3,536
	Gross Proft	3,668	2,073		11,125	11,574
	Gross Margin %	41.6%	38.3%		39.3%	39.3%
	Other operating costs	1,970	1,491		5,859	6,248
	EBITDA	1,698	581		5,266	5,326
	EBITDA%	19.3%	10.7%		18.6%	18.1%

	BALANCE SHEET
	Assets (Rs Million)	FY21	FY20	FY19		Total Equity& Liabilities(Rs Million)	FY21	FY20	FY19
	Non Current Assets					Equity Share Capital	112	112	112
	Fixed Assets Financial Assets	3,165 213	3,298 257	3,079 175		Reserves and Surplus Total Equity	8,737 8,849	8,087 8,199	7,638 7,750
	Other Non Current Assets	1,370	1,430	204		Total Equity & Liabilities(Rs Million)	FY21	FY20	FY19
	Total Non Current Assets	4,748	4,984	3,458		Non Current Liabilities
	Current Assets					Borrowing	-	201	199
	Inventories	5,549	7,186	7,501		Other Non Current Liabilities	1,027	1,164	219
	Trade receivables	1,371	738	1,238		Total Non Current Liabilities	1,027	1,365	417
	Cash and Bank Balances	4,350	1,169	440		Current Liabilities
	Other Financial Assets	70	73	35		Borrowing	0	68	527
	Other Current Assets	910	980	833		Trade payables	2,175	938	1,220
	Total Current Assets	12,251	10,145	10,048		Other Financial Current liabilities	4,082	3,631	3,163
	Total Assets	16,999	15,129	13,506		Other Current Liabilities	866	929	428
						Total Current Liabilities	7,123	5,566	5,339
						Total Liabilities	8,150	6,931	5,756
						Total Equity & Liabilities	16,999	15,129	13,506
					Note : Lease liabilities and assets as per Ind-AS 116 have been grouped under
					Other non-current liabilities and assets respectively
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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

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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

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VISION

Commitment to Sustainability

Building Capacity

Fostering Commitment

Raising Awareness

Assigning Responsibility

Monitoring and Evaluation

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Economic Performance

Governance, Risk and Compliance

Materials

Occupational Health and Safety

Energy and GHG Emissions

Responsible Supply Chain

Diversity and Equal Opportunity

Product Stewardship

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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

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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

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Insurance Companies and

Others, 9.6%

Mutual Funds, 12.1% Promoter, 48.3%

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FPI, 25.9%

THANK YOU

PAGE INDUSTRIES LIMITED

CIN: L18101KA1994PLC016554

Contact Us:

For Investor Relations: investors@jockeyindia.com Website: www.jockey.in

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