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Jockey to double India production by 2020

Mumbai: Jockey India is planning to double its manufacturing capacity to 400 million pieces annually by the year 2020. At present,…

By gta_admin , in Comapny news National News , at September 12, 2017 Tags:

Mumbai: Jockey India is planning to double its manufacturing capacity to 400 million pieces annually by the year 2020. At present, the company reportedly manufactures around 200 million pieces at its 17 production facilities in Karnataka.

JockeyJockey India is the subsidiary of the US-based Jockey International Inc., a manufacturer and retailer of underwear, sleepwear for men, women, and children. The company retails through Page Industries, the exclusive licensee of Jockey International in India and other countries like Sri Lanka, Bangladesh, Nepal and the UAE.

The innerwear brand registered an increase of 21.84 per cent in sales during the quarter ended in June 2017. The net profit for the period stood at Rs. 85.30 crores, up 25.54 per cent from last year.

Jockey is further looking to increase its sales in the country with more stores. It is planning to focus on non-metro cities as it sees India as a potential market. Currently, the brand retails its products through 370 exclusive stores and 50,000 multi-brand outlets in 1,400 towns and cities in India.

 

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