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Page Industries Reviews

Bengaluru, Karnataka

4.0/ 5

2 reviews

Page Industries Limited, incorporated in 1994 and headquartered in Bengaluru, Karnataka, is a premier Indian manufacturer, marketer, and retailer of innerwear, loungewear, athleisure, and socks. The company was founded by brothers Sunder, Nari, and Ramesh Genomal, whose family holds a major stake in the enterprise. Page Industries is publicly traded on both the National Stock Exchange (NSE) and the Bombay Stock Exchange (BSE) under the ticker symbol PAGEIND. The cornerstone of the company’s business model is its premium licensing agreements with globally recognized apparel brands. Page Industries is the exclusive licensee of JOCKEY International Inc. (USA) for the manufacture, distribution, and marketing of the Jockey brand across a vast territory that includes India, Sri Lanka, Bangladesh, Nepal, Oman, Qatar, Maldives, Bhutan, and the United Arab Emirates. In the 2025 fiscal year, this geographic footprint expanded further to include rights for Saudi Arabia, Bahrain, and Kuwait. Additionally, the company has partnered with the Pentland Group since 2011 as the exclusive licensee for the manufacturing, marketing, and distribution of the Speedo swimwear brand within India. Operationally, Page Industries controls its entire supply chain through extensive backward integration and end-to-end ownership. As of 2024, the company manages 14 to 16 manufacturing units primarily clustered in Karnataka (including Bangalore, Hassan, Mysore, Tiptur, and Gauribidanur) as well as Tiruppur in Tamil Nadu. This infrastructure yields a massive annual production capacity of approximately 250 million pieces. The company's distribution network is equally vast, reaching over 120,000 retail touchpoints, spanning a multi-format presence across 1,000 towns that includes more than 1,000 Exclusive Brand Stores. In recent years, Page Industries has successfully adapted to modern consumer habits by launching overhauled e-commerce channels (jockey.in and speedo.in) and integrating into quick-commerce platforms, pushing its e-commerce revenue past the INR 500 crore milestone. Financially, the company maintains a track record of high profitability and efficient capital deployment. For the fiscal year ending March 31, 2026, Page Industries reported an annual revenue of INR 5,246.8 crore (INR 52,468 million) alongside an EBITDA of INR 1,152.9 crore. The business model generates exceptional returns for its investors, boasting a 53% Return on Net Worth (ROE) and a 73% Return on Capital Employed (ROCE) for FY26. The firm employed over 21,000 personnel as of late 2025, maintaining an inclusive organizational culture where women make up nearly 80% of the manufacturing workforce. Led by Managing Director V.S. Ganesh and Chairman Sunder Genomal, the company continues to command a dominant market share in India's organized premium innerwear and lifestyle market.