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.