Page Industries, which licenses Jockey International s products in India, reported smaller-than-expected profit and revenue on Thursday, hurt by high inventory costs and subdued demand. .
Morgan Stanley is overweight on Page Industries with a target price of Rs 43,068 a share. The firm believes that Q4 numbers were weaker than management expectations and missed consensus.
Bangalore-based Page Industries which has the exclusive license of making innerwear of Jockey International Inc in India, Sri Lanka, Bangladesh, Nepal, and the UAE, is also the exclusive licensee of Speedo International Ltd for the manufacture, marketing, and distribution of the Speedo brand in India. Get more Companies News and Business News on Zee Business.
"We are innovating in terms of product design, in terms of availability, in terms of our own digital transformation in being connected with the last mile all the time. This journey, as I told you, is just beginning. We have been 25 years in India, and we are still only present in one-fourth of India in terms of the number of cities and towns."
"We are innovating in terms of product design, in terms of availability, in terms of our own digital transformation in being connected with the last mile all the time. This journey, as I told you, is just beginning. We have been 25 years in India, and we are still only present in one-fourth of India in terms of the number of cities and towns."