We see a steady growth in men's innerwear, women's innerwear, outerwear for both, which we have termed as Athleisure multi-purpose garments for both men, women and kids it is something that is still very nascent as far as we are concerned, said Sunder Ashok Genomal, MD of Page Industries.
“There is nothing different from what we have had from the beginning, meaning from 1994. The royalty and all other terms remain the same,” said Genomal.
“If you look at the split between the innerwear and outerwear, the innerwear would be around 70 percent and outerwear would be 30 percent which includes socks," he said.
“We are satisfied with the kind of margins we have. It has worked well for us, that model,” he added.
The agreement with Jockey has been extended till 2040 with royalty staying at 5% of net sales, he said.
We aim to achieve expansion target and would be surprised if we don’t maintain the growth trajectory, said Genomal.