Jockey’s India licensee posts Q4 earnings miss on high inventory costs, muted demand – ET Retail
Page Industries, which licenses Jockey International’s products in India, reported smaller-than-expected profit and revenue on Thursday, hurt by high inventory costs and subdued demand. The company reported an inventory cost of 364.6 million rupees, compared to a negative 1.83 billion rupees in inventory value a year ago. Its total expenses fell just 0.5%, while raw…
