Will have to consider price hikes in FY23 as well: Page Industries CFO

'We have been adding almost 15,000-20,000 stores in any given year', said Chandrasekar K

Page Industries, the exclusive licensee of Jockey International for the manufacture, distribution, and marketing of the Jockey brand in India, Sri Lanka, Bangladesh, Nepal, and the UAE, reported a margin of 24 per cent in the January-march quarter despite inflation. Chandrasekar K, CFO at Page Industries, talks about increasing its retail footprint and the margin performance for FY23 in an interview with Sharleen D’Souza. Edited excerpts:

How is demand panning out? Is inflation impacting demand?

Demand has been good for us if you look at the past two years with the first quarter of both years largely affected by the Covid pandemic.