Page Industries looks beyond innerwear amid margin pressure

Page Industries, the Indian licensee of Jockey and Speedo, is betting on a future beyond innerwear even as it faces margin pressure, livemint.com reports. The company is exploring new product categories and segments to diversify its revenue streams, though specific details on the new ventures were not disclosed in the report.

The firm's core innerwear business continues to face headwinds from rising input costs and competitive pricing, which have squeezed margins. Livemint notes that Page Industries is working on cost optimisation and product mix improvements to counter these challenges, but the pressure is expected to persist in the near term.

The company's strategy shift comes as it looks to sustain growth in a mature market. The report did not provide a specific timeline or financial target for the new initiatives, leaving investors to watch for further announcements from the company in coming quarters.