Full Earnings Call Transcript (Audio) for Page Industries
To listen to the call, click on the youtube link
Highlights
- Sluggish demand growth in the market. Nine month revenue saw growth of ~7% YoY. Net profit declined around 2% YoY. Higher investments made in people, technologies and sales and marketing to drive future growth.
- Q3 revenues saw growth of 7.5% and net profit declined 14.6% YoY.
- New capacity expansion efforts which include new machines will be operational by June 2020.
- Kids demographic a new focus area. Jockey junior vertical getting exclusive stores, a separate sales head and marketing plans due to healthy demand.