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Page Industries CEO Vedji Ticku resigns 'owing to personal commitments'

Page Industries CEO Vedji Ticku resigns owing to personal commitments
Page Industries Limited located in Bangalore, is the exclusive licensee of JOCKEY International Inc. (USA) for manufacture, distribution and marketing of the JOCKEY brand in India, Sri Lanka, Bangladesh, Nepal and the UAE.Premium
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Chief Executive Officer and Executive Director of Page Industries, Vedji Ticku, has resigned from Page Industries owing to personal commitments, the company said in a regulatory filing to the exchanges.
Ticku has submitted his resignation letter owing to personal commitments as he wishes to spend more time with his family. His resignation was accepted by the Board of Directors by circulation. The Board has acknowledged the contribution made by him during his tenure, an official release from the company stated. ....

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Page Ind spurts after robust Q3 results

Page Industries surged 5.47% to Rs 31,995.85 after the apparel maker s net profit jumped 76.65% to Rs 153.7 crore on a 16.78% rise in net sales to Rs 927.06 crore in Q3 FY21 over Q3 FY20.Page Industries said it saw resilient performance as the economy started to show signs of recovery. As of now, more than 94% of multi brand outlets, 100% of EBOs and 93% of the company s large format stores are fully functional.
Profit before tax grew by 77.3% to Rs 207.26 crore in Q3 FY21 from Rs 116.9 crore in Q3 FY20. Total tax expense spiked 79% year on year to Rs 53.56 crore in Q3 FY21 over Q3 FY20. ....

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Jockey: What lies beneath

Image: Page Industries
Jockey: What lies beneath
Page Industries got the underwear out of the closet and achieved a decadal success story like no other. A slowing economy has dented its sheen, but the company believes it is still in a sweet spot.
Jan 1, 2021
A visit to a Jockey store for day-to-day apparel like underwear or just plain pyjamas is sure to make one’s wallet lighter. For example, for men who like to laze at home in their boxers, the cost of the garment is upwards of ₹419 apiece. Pyjamas, another comfort garment, costs a shade under ₹1,000 apiece. Jockey, an American brand that re-entered India in 1995 (it was around for about three-four years in the early 1970s), generally carries a premium of at least 20% over other Indian mainline innerwear brands like Lux, Rupa, and Dollar. ....

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