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10	10	* Speedo brand is available in 1,300+ stores, 34 EBOs and 15 Large Format Stores spread across 230+ cities.
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13	13	= Company Overview =
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15		-Page Industries Limited located in Bangalore, India is the exclusive licensee of JOCKEY International Inc. (USA) for manufacture, distribution and marketing of the JOCKEY® brand in India, Sri Lanka, Bangladesh, Nepal, UAE, Oman and Qatar. Page Industries is also the exclusive licensee of Speedo International Ltd. for the manufacture, marketing and distribution of the Speedo brand in India.{{footnote}}https://pageind.com/page-industries-ltd{{/footnote}}
	18	+Page Industries Limited (NSE:PAGEIND) located in Bangalore, India is the exclusive licensee of JOCKEY International Inc. (USA) for manufacture, distribution and marketing of the JOCKEY® brand in India, Sri Lanka, Bangladesh, Nepal, UAE, Oman and Qatar. Page Industries is also the exclusive licensee of Speedo International Ltd. for the manufacture, marketing and distribution of the Speedo brand in India.{{footnote}}https://pageind.com/page-industries-ltd{{/footnote}}
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18	18	The Company was set up in 1994 with the key objective of bringing the world renowned brand "JOCKEY®" to India. Its promoters are the Genomal family, who have been associated with JOCKEY International Inc. for 50 years as their sole licensee in the Philippines.
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21	21	The company commenced operations in the year 1995 with the manufacturing, distribution and marketing of Jockey® products.  Page Industries became a public company in March 2007 and is quoted in the Bombay Stock Exchange and the National Stock Exchange of India
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24	24	== Brands ==
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38	38	The online retail business has also showed significant growth both through [[www.jockey.in>>url:http://www.jockey.in]] as well as with its key e-commerce partners.
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41	41	=== SPEEDO ===
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43	43	Speedo International Limited appointed Page Industries as their sole licensee for the manufacturing, marketing and distribution of the Speedo brand in India. The vision of Speedo is to “inspire people to swim; with Speedo.” The mission of Page Industries is to be the number one swimwear brand in the country in terms of both market share and profitability.
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49	49	Studies on the swimming market in India by global marketing research firm, AC Nielsen, commissioned by it, shows a promising and fast evolving market for both swimwear and swim equipment. Your Directors are confident that the Speedo business would experience healthy growth in the years to come as Speedo becomes a dominant brand in the premium swimwear market.
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52	52	== Plant Locations ==
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54	54	* Hongasandra, Begur Hobli, Bangalore
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66	66	* K R Pete Taluk, Mandya
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70	70	= Industry Overview =
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72	72	The Indian textile industry is one of the largest in the world with a large unmatched raw material base and manufacturing strength across the value chain. It is the 2nd largest manufacturer and exporter in the world, after China. The share of textile and clothing in India’s total export stands at a significant 12 % (2018-19). India has a share of 5 % of the global trade in textiles and apparel. The textile industry contributes to 7% of industry output in value terms, 2% of India’s GDP and to 12% of the country’s export earnings. The textile industry is one of the largest sources of employment generation in the country with over 45 million people employed directly, and another 60 million people in allied sectors, including a large number of women and rural population.{{footnote}}https://static05.jockey.in/uploads/investordocuments/annualgrowth/25e40ea7-a4af-42fc-b0fd-57e98afbb5d0/annual_report_202021.pdf{{/footnote}}
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99	99	Online apparel market is dominated by western wear contributing to 60 percent of share of the market. High share of western wear in online apparel market is driven by high penetration of international and casual wear brands on online platform. Also, online fashion portals have focused on private label in the casual wear category further driving the penetration of casual wear category. These online fashion portals started with catering largely to the younger age audience, but it is increasingly finding acceleration and is expected to be adopted by consumer cohorts across all age groups. Online western wear market is dominated by men which is similar to the trend witnessed in overall fashion category.
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102	102	= Expansion =
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104	104	To meet the growing market demand, Page Industries is geared up to augment its production capacity. The company's installed capacity across various units is spread over 2.20 million sft. across 15 manufacturing units and 5 finished goods warehouses.
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118	118	During the year 2020-21, your Directors have declared interim dividends on 12th November 2020 (Interim dividend of Rs 100 per share) and 10th February 2021 (Interim dividend of Rs 150 per share) on an equity share value of Rs 10 each amounting to Rs 2,789 million. In total, two interim dividends have been declared and paid. The Board has not recommended any final dividend.
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121	121	== Financial Highlights for FY21 ==
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123	123	**27 May 2021; Page Industries, India’s leading apparel manufacturer, announced its financial results for the quarter and full year ended 31 March 2021** {{footnote}}https://static05.jockey.in/uploads//investordocuments/quarterlyrelease/0f3a5850-e882-41f1-bd15-d3169e642f7e/press_release2.pdf{{/footnote}}
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127	127	* EBITDA and PAT margins are steady at 19% and 12% respectively.
128	128	* The cash & cash equivalent continued to be strong at Rs. 4,347 million. The company continue to have a strong balance sheet, debt-free and with ROCE at 55%.
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131	131	**Commenting on the results, Managing Director, Mr. Sunder Genomal said**, “This has been an unprecedented year for all of it. However, I am pleased to say that during this time, the company were able to handle the operational challenges and come out as a stronger and more resilient organization.
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133	133	Although the year started on a challenging note, the company were quick to implement its business continuity plans resulting in one of the best quarter performances for the company in its history. The company witnessed a strong demand pick-up across all its product categories. Page Industries has added 180 Exclusive Brand Outlets during the year and continue to strengthen its distribution channels.