Page Industries

What Page Industries does

Page Industries Limited is a Bengaluru-headquartered, publicly listed (NSE/BSE: PAGEIND, IPO 2008) Indian apparel manufacturer and exclusive licensee of two global brands: Jockey (since 1995) and Speedo (since 2011). The company manufactures and distributes innerwear, athleisure, activewear, sleepwear, and performance swimwear across men, women, and kids segments through a multi-channel network comprising 1,500+ Exclusive Brand Stores, 120,000+ multi-brand retail touchpoints, owned e-commerce platforms (Jockey.in, Speedo.in) with Quick Commerce integration, and selective international operations in the UAE, Saudi Arabia, Bahrain, Kuwait, and Sri Lanka. Jockey, the flagship brand, holds the #1 position in India's innerwear category with 150 years of global brand heritage and a license renewed to 2040; Speedo adds a performance swimwear line with Olympic heritage.

The company operates 16 manufacturing units with backward integration and an annual production capacity of 250 million pieces, supported by a 23,000+ workforce (~80% women) and an enterprise stack anchored on SAP S4HANA, Salesforce Distribution Management, and an auto-replenishment system. Product portfolio spans Jockey men's and women's innerwear, Jockey Activewear, Jockey Sleepwear, Jockey Juniors (kids), accessories (socks, towels, caps), sub-lines such as Jockey Move, Jockey Woman, Jockey Athleisure, and JKY Groove, plus Speedo swimwear and equipment. The Jockey license was extended to 2040 in 2019, and a new 650,000 sq. ft. manufacturing facility was commissioned in Odisha in FY 2024-25 — Page's first plant outside Karnataka — alongside new Cuttack and Khurda units backed by Rs 750 crore and Rs 258 crore investments respectively, in partnership with the Odisha state government.

Page Industries generates revenue primarily through one-time sales of branded apparel (manufactured in-house and sold via owned and third-party retail), with FY26 revenue of Rs 5,246.78 crore, EBITDA of Rs 11,529 crore, PAT of Rs 7,638.2 crore, Q4 FY26 revenue of Rs 1,252.6 crore (14% YoY growth), and a 10.8% Q4 volume growth. Profitability metrics are exceptional for an apparel manufacturer: 53% return on net worth, 73% return on capital employed in FY26. The customer base is highly diversified individual consumers (men, women, kids, swimmers), with no enterprise or B2B customer concentration; e-commerce has emerged as a meaningful sub-channel crossing Rs 500 crore. The company holds OEKO-TEX, ZDHC, WRAP, and IGBC Green Factory Building certifications, and was named 'International Licensee of the Decade' by Jockey International in 2010.

Name

Page Industries

Legal name

Page Industries Limited

Website

https://pageind.com

Company type

Public

Founded year

1994

Operating status

Operating

Headcount range

5,001–10,000 employees

Short description

Page Industries is the publicly listed (NSE/BSE: PAGEIND) exclusive Indian licensee for Jockey innerwear and Speedo swimwear, manufacturing at 16 facilities (250M pieces/year) and distributing through 1,500+ Exclusive Brand Stores, 120,000+ retail touchpoints, and D2C e-commerce to consumers across 2,800+ Indian cities and select GCC markets.

Ownership category

akta.pro rank

Product category

Apparel & Innerwear Manufacturing

NAICS

Clothing and Clothing Accessories Retailers (45811), Sporting Goods Retailers (45911), Clothing and Clothing Accessories Merchant Wholesalers (42435)

SIC

Retail-Apparel & Accessory Stores (5600), Sporting & Athletic Goods, Nec (3949), Wholesale-Apparel, Piece Goods & Notions (5130)

akta.pro primary industry

Swim & Surf Performance Wear (CRAAAEAG)

Keywords

• Innerwear manufacturing
• Athleisure apparel
• Performance swimwear
• Brand licensing
• Retail distribution

Headquarters

HQ city

Bengaluru

HQ country

India

HQ region

Asia

Offices4 records

Markets served

GTM type

B2C

Offering type

Hardware or Manufacturing

Cost components

Supply Chain, Operations, Personnel, Marketing or Sales, Technology or R&D, Infrastructure

Revenue model

1. Apparel Manufacturing and Sales: Revenue generated from manufacturing and selling innerwear, activewear, athleisure, sleepwear, and swimwear products under Jockey and Speedo brands. Q4 FY26 revenue was Rs 1,252.6 crore with full year FY26 revenue at Rs 5,246.78 crore.

Go-to-market motion1 record

Distribution channels4 records

Marketing channels3 records

Core offering

Page Industries is the exclusive licensee in India for the global Jockey (innerwear and athleisure) and Speedo (performance swimwear) brands. The company designs, manufactures, and sells a full wardrobe of men's, women's, and kids' innerwear, activewear, sleepwear, swimwear, and accessories through its own Exclusive Brand Stores, multi-brand retail outlets, and direct-to-consumer e-commerce platforms.

Product overview

Page Industries operates as an exclusive licensee of two global brands in India: Jockey (innerwear and athleisure) and Speedo (performance swimwear). The product portfolio centers on Jockey, India's #1 innerwear brand offering a complete wardrobe across men's, women's, and kids' categories through innerwear, activewear, sleepwear, and accessories segments. Speedo serves the performance swimwear market with technical swimwear and equipment. Both brands are sold through exclusive brand stores (1,500+ for Jockey), multi-brand retail outlets, e-commerce platforms (jockey.in, speedo.in), and quick commerce channels. The company operates 16 manufacturing facilities with 250 million pieces annual production capacity and serves 120,000+ retail touchpoints across 2,800+ cities and towns in India.

Differentiator

Problem solved

Functional benefit

Brands

• Jockey: India's #1 innerwear and athleisure brand offering men's, women's, kids' innerwear, activewear, sleepwear, socks, towels, and accessories. Founded 1876, brought to India in 1995.
• Speedo
• Jockey Woman
• Jockey Athleisure
• Jockey Juniors
• Jockey Move
• JKY Groove

Products and services

• Jockey Innerwear & Athleisure Brand Jockey is India's #1 innerwear and athleisure brand offering a complete wardrobe across men's, women's, and kids' categories including innerwear, activewear, sleepwear, and accessories, sold through 1,500+ Exclusive Brand Stores and 120,000+ retail touchpoints across 2,800+ cities and towns.
• Speedo Performance Swimwear Brand Speedo is the world's most recognized performance swimwear brand, offering racing suits, recreational swimwear, and swimming equipment engineered with technologies such as FASTSKIN and Aquablade for competitive and recreational swimmers in India.
• Jockey Men's Innerwear Men's innerwear including briefs, trunks, vests, and boxers designed for all-day comfort and fit for male consumers.
• Jockey Women's Innerwear Women's innerwear including bras, panties, and shapewear crafted for all-day comfort, support, and style for female consumers.
• Jockey Activewear Athletic and athleisure apparel including tees, shorts, track pants, sports bras, leggings, and sports essentials designed for active lifestyles of men and women.
• Jockey Sleepwear Sleepwear and loungewear including pyjamas, nightwear, and coordinated lounge sets for men and women designed for relaxed comfort.
• Jockey Juniors Innerwear, outerwear, and sleepwear designed for kids including trunks, briefs, camisoles, panties, tees, shorts, leggings, and pajamas, providing age-appropriate comfort and durability.
• Jockey Accessories Brand accessories including socks, towels, and caps extending the Jockey brand into everyday lifestyle products.
• Speedo Swimwear Performance swimwear including racing suits and recreational swimwear engineered with advanced water-repellent fabrics like FASTSKIN and Aquablade for competitive and recreational swimmers.
• Speedo Swimming Equipment Swimming equipment including goggles and accessories designed for competitive and recreational swimmers.
• Jockey.in E-commerce Platform Direct-to-consumer online platform for Jockey products with Quick Commerce integration for rapid delivery, generating over Rs 500 crore in e-commerce revenue.

Named customers4 records

Segments4 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Three partnerships are on record, tiered major and core.

• Odisha State GovernmentmajorStrategic or Co-development Partner · 1 February 2025Page Industries committed Rs 750 crore investment for apparel manufacturing in Odisha, generating 5,800 jobs. The state government provides infrastructure support and policy incentives as part of Odisha's textile hub development strategy targeting 100,000+ jobs in the sector.
• Speedo InternationalcoreOEM/ Whitelabel/ Licensing Partner · 1 January 2011Page Industries is the exclusive licensee for Speedo brand in India since 2011. Speedo, founded in 1928 on Bondi Beach, Australia, is the world's leading performance swimwear brand with Olympic heritage.
• Jockey International Inc.coreOEM/ Whitelabel/ Licensing Partner · 1 January 1995Page Industries is the exclusive licensee for Jockey brand in India since 1995. The license was originally renewed to 2030 and further extended to 2040, representing a long-term strategic commitment. Jockey was founded in 1876 and is known for comfort-focused innerwear globally.

Scale indicators12 records

Recent moves9 records

Expansion highlights5 records

Direct peers

• Rupa & Company: One of India's largest innerwear and hosiery manufacturers with brands including Frontline, Euro, and Macroman. Directly competes with Page Industries in the Indian mass and mid-premium innerwear segment across men's, women's, and kids' categories.
• Lux Industries: Indian innerwear and hosiery manufacturer with brands such as Lux Cozi, Lux Venus, and Lux Nitro. Competes with Page Industries across price tiers in men's and women's innerwear, with comparable multi-brand retail distribution across India.

Broad incumbents

• Hanesbrands: Global innerwear and activewear conglomerate owning Hanes, Champion, Bonds, and DIM. Directly comparable to Page as a global innerwear platform with licensed and owned brands, and competes in India through imports and partnerships.
• PVH Corp: Owner of Calvin Klein and Tommy Hilfiger, both of which compete in the premium innerwear and athleisure categories where Jockey operates. Comparable as a global apparel-licensing-led business with India distribution overlap.
• Triumph International: Global intimate apparel and innerwear brand with operations across Europe, Asia, and the Middle East. Competes with Jockey Woman in the premium women's innerwear and shapewear categories in India.
• Trent (Tata Group): Indian listed apparel retailer (Westside, Zudio) with growing private-label apparel and innerwear offerings. Competes with Page for India's value-conscious and aspirational consumer across multiple categories including athleisure-adjacent lines.
• Arvind Fashions: Indian apparel conglomerate holding licenses for US Polo Assn., Tommy Hilfiger, Calvin Klein, and Arrow. Comparable as a multi-brand Indian licensee/distributor with overlapping category presence (athleisure, casualwear, innerwear-adjacent).

Emerging players

• XYXX Apparels: Indian premium men's innerwear and athleisure D2C brand that competes head-to-head with Jockey in the premium men's segment via digital-first channels. Highly relevant as a challenger in the same premium consumer bucket Page dominates.
• DaMENSCH: Indian premium men's innerwear and basics D2C brand. Directly comparable to Jockey's men's innerwear portfolio and represents the new wave of digital-native competition targeting the same urban male consumer.
• Decathlon: Global sporting goods retailer with private-label athleisure, activewear, and swimwear (including products competing with Speedo). Comparable on the activewear and swim performance side of Page's portfolio and a growing retail channel competitor in India.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/pageind_off
• YouTubeyoutube.com/channel/JockeyIndia
• Facebookfacebook.com/JockeyIndia
• LinkedInlinkedin.com/company/page-industries
• Instagraminstagram.com/jockeyindia

Compliance5 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles18 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Page Industries