**Textile Industry:** 100% (2025)

**TOP 3 Markets:**
1. **India:** approx. 85%
2. **Sri Lanka:** approx. 7%
3. **Bangladesh:** approx. 5%

Page Industries Limited is mainly active in the textile industry, particularly in the manufacturing and distribution of underwear, casual wear, and sportswear. The majority of revenues are generated in the Indian market, where the company has a strong brand presence and market leadership.

In addition to India, Sri Lanka and Bangladesh are significant markets for Page Industries, with these countries together accounting for about 12% of revenues. The strong focus on the Indian market reflects the company's strategic orientation, benefiting from the growing middle class and increasing demand for branded clothing in the region.

**Production Sites:** India

Page Industries Limited mainly produces its products in India. The company operates multiple production facilities in the country, strategically located in different regions to optimize efficiency and logistics. These sites are designed to meet the high demand for their products, especially in the clothing and underwear sector.

Concentrating production in India allows Page Industries to benefit from cost advantages and the availability of skilled labor. Additionally, the company can better cater to the needs of the Indian market through local production and simultaneously leverage export opportunities.

**Revenue Growth:** 18% (estimated 2024)
**Profit Growth:** 14% (estimated 2024)

Page Industries Limited pursues a growth strategy that heavily focuses on expanding its product range and geographical footprint. The company plans to strengthen its presence in underserved markets both within India and internationally.

Another key focus is on digitization and expanding the e-commerce channel to meet the changing consumer shopping habits. Additionally, Page Industries is investing in sustainable production methods to meet the increasing demands for environmental responsibility.

Through these initiatives, the company expects to increase its market share and secure long-term profitable growth.

**Main Imported Raw Materials:** Cotton, Elastane, Polyester

**Countries of Origin:** USA, China, India (local sourcing), Vietnam

Page Industries Limited, known for manufacturing clothing items, especially underwear and casual wear, mainly imports cotton, elastane, and polyester. Cotton is a key raw material for their products and is primarily imported from the USA, as they provide high-quality cotton. Elastane and polyester, needed for producing stretchable and functional fabrics, are often sourced from China and Vietnam.

The company also focuses on local sourcing in India to diversify supply chains and optimize costs. This strategy helps reduce dependence on international markets while increasing production flexibility.

**Market share in India:** approx. 20% (estimated 2025)
**EBITDA margin:** approx. 18% (2024)
**Return on Equity (ROE):** approx. 40% (2024)

Page Industries Limited, known for the manufacturing and distribution of Jockey products in India, has a significant competitive advantage reflected in several key performance indicators. The company holds a considerable market share in the Indian underwear and leisurewear sector, attributed to its strong brand awareness and extensive distribution network.

The EBITDA margin of about 18% demonstrates the company's efficiency in cost savings and profit generation from its core operations. An ROE of approximately 40% indicates effective utilization of equity to generate high returns for shareholders.

Additionally, Page Industries benefits from strong brand loyalty and a broad product portfolio continuously strengthened through innovations and expansions. These factors contribute to a sustainable competitive advantage that keeps the company in a leading position in the market.

**Institutional Investor Share:** 25% (estimated, 2025)
**Insider Buys/Sells:** No significant insider transactions reported (2025)

The institutional investor share in Page Industries Limited is estimated to be around 25%. This figure indicates that a significant portion of the shares are held by institutional investors, suggesting a certain level of confidence in the company's stability and growth potential.

Regarding insider transactions, there have been no significant buys or sells reported in 2025. This could indicate that insiders are satisfied with the current progress of the company or do not expect any major changes in the corporate strategy.

**Market share of Page Industries Limited:** 23% (2025, estimated)

**Top competitors and their market shares:**
1. **Page Industries Limited:** 23%
2. **Rupa & Company Limited:** 15%
3. **Lux Industries Limited:** 14%
4. **Dollar Industries Limited:** 12%
5. **VIP Clothing Limited:** 10%
6. **Amul Innerwear:** 8%
7. **Jockey International (not directly listed in India, but significant):** 6%
8. **Hanesbrands Inc. (via subsidiaries):** 5%

**Moat of Page Industries:**
Page Industries Limited, known for the Jockey brand in India, possesses a significant moat due to its strong brand recognition, wide product range, and established distribution network. The Jockey brand is synonymous with quality and comfort in the innerwear segment in India, giving it an advantage over many competitors.

Compared to other companies, Page Industries has an additional advantage through its licensing agreements with Jockey International and Speedo, providing access to internationally recognized brands and their product innovations. This allows the company to differentiate itself from local brands that are often limited to the Indian market.

Competitors, especially Rupa & Company and Lux Industries, also have strong brands in their portfolio, but they lack international brand recognition and the associated product differentiation that Page Industries offers. Nevertheless, these companies have created their own competitive advantages through aggressive pricing strategies and a wide distribution network in rural areas.

Overall, Page Industries has a significant moat, but they must continue to invest in innovation and brand strengthening to maintain their leading position, as competition is steadily growing in a dynamic market environment.

**Revenue Growth:** 10.5% (2024)
**Profit Growth:** 8.2% (2024)
**Market Share in India:** 20% (2024)

Page Industries Limited recorded a revenue growth of 10.5% in 2024, attributed to strong demand for its products and an effective distribution strategy. The company is known for its brand recognition and quality in the apparel industry, especially in the underwear and leisurewear segment.

The profit growth of 8.2% indicates that Page Industries is able to efficiently manage its costs while maintaining its margins. This is a positive sign for the company's profitability.

With a market share of 20% in India, Page Industries holds a strong market position supported by continuous innovations and a wide range of products. These factors suggest that the company is well positioned to benefit from the growing demand for clothing in India.

Overall, Page Industries could be a good investment considering the company's fundamental strengths and market position. However, potential investors should also consider macroeconomic factors and industry-specific risks before making a final decision.

**Dividend Yield:** 1.5% (2025, estimated)
**Dividend History:** Steady payouts over the last five years

Page Industries Limited is known for its reliable dividend policy. The company has consistently paid dividends in recent years, indicating a solid financial foundation and stable earnings. The dividend yield of approximately 1.5% in 2025 reflects a moderate payout policy that benefits shareholders while also allowing room for reinvestment.

The reliability of dividend payments is supported by Page Industries' strong market position and continuous demand for its products. Analysts expect the company to maintain its dividend policy unless significant market changes occur.