For the second quarter in a row, Page Industries outperformed its listed apparel peers on the sales growth front. The country’s largest innerwear company posted a 17 per cent y-o-y growth in the December quarter even as sales of most other apparel companies reported a dip in sales as compared to the year ago period (see table).
The revenue gains were led by volume growth of 10 per cent which comes after four consecutive quarters of volume decline. In addition to festival demand, higher seasonal demand for thermal wear too aided volume and revenue growth. Easing of lockdown ...
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