Page Industries Q2 Results: Jockey India licensee posts profit fall on subdued demand
India's malls and high streets saw lower footfall during the quarter as rising inflation forced people to tighten their belts. Foreign brands offering steep discounts to encourage consumer spending also ate into Page's earnings.
The Economic Times
• Page Industries, which licenses Jockey International and Speedo in India, reported a 7.3% fall in second-quarter profit due to lower consumer spending and footfall in malls and high streets.
• The company expects the ongoing festive season to bring a tur......read more
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