Page Industries Profit Soars 52% on India’s Activewear Boom

Page Industries Ltd., the exclusive licensee of Jockey and Speedo in India, exceeded market expectations with a 51.6% surge in net profit for Q4 FY2024. Fueled by booming demand for activewear and athleisure fashion, the company’s earnings reflect India’s rapid lifestyle shift toward comfort-first apparel and growing fitness trends.

Financial Highlights: Beating Analyst Estimates

According to LSEG data, analysts had predicted net profit of INR 1.38 billion. Instead, Page Industries reported INR 1.64 billion (approx. USD 19.2 million) — a strong indicator of its leadership in India’s lifestyle apparel market.
Revenue also rose by 10.6% year-over-year, reaching INR 10.98 billion and outperforming forecasted estimates of INR 10.81 billion.

This performance stems from the company’s omnichannel retail strategy, including expansion of brick-and-mortar stores and rapid growth across digital and e-commerce platforms in India.

Lifestyle Shifts Drive Growth in Activewear and Athleisure

The rise of fitness culture and changing work-from-home patterns have significantly influenced consumer preferences in India. Demand for versatile, comfort-oriented clothing — such as casual wear, fitness apparel, and athleisure outfits — continues to surge.

By aligning with evolving fashion trends and wellness-driven choices, Page Industries has effectively positioned Jockey and Speedo to meet the expectations of young, active, and style-conscious consumers.

Key Drivers Behind Page Industries’ Q4 Performance

1. Strong demand for activewear, driven by lifestyle and fitness adoption.
2. Retail footprint expansion across urban and semi-urban markets.
3. Accelerated digital sales through robust e-commerce platforms.
4. Shift in consumer behavior toward everyday comfort wear.
5. Effective brand strategy, reinforcing awareness and loyalty, especially among younger demographics.

Competitive Strengths in India’s Apparel Industry

Page Industries’ success is rooted in its long-term global partnerships, agile supply chain, and ability to quickly adapt to fashion trends and consumer shifts. Its balanced omnichannel business model allows the brand to maintain a strong position in both underwear and lifestyle wear categories.

Core Advantages of Page Industries

• Market leadership in underwear, loungewear, and activewear.
• Exclusive licenses for Jockey and Speedo India.
• Efficient supply chain and inventory management.
• Strategic focus on comfort-first fashion.
• Integration of retail and digital sales channels.

Conclusion: Positioned for Continued Growth

Page Industries’ Q4 earnings demonstrate not only financial strength but also its agility in responding to India’s evolving apparel trends. As demand for athleisure fashion and fitness wear grows, supported by a thriving e-commerce landscape, the company is well-positioned for sustained expansion.

Backed by robust brand equity, rising consumer interest, and a forward-looking sales strategy, Page Industries remains a dominant player in India’s fast-changing fashion and lifestyle market.