Hi Arun,
This might be an issue in your locality where they might be downsizing due to lower store sales?
My experience of recent purchases have been seamless and I didn’t face any issues in nearby stores. Their retail network penetration across Bangalore city has improved massively. SKUs and designs are also available and infact there are many more options to pick now. Jockey is my trusted brand and I never buy inner-wear other than Jockey. Moreover, retailers do not offer any discount on Jockey, but do offer 10% or more on other brands (Rupa, Lux, etc), which speaks volumes of Jockey brand.
Page’s Management has been very honest and transparent, at times conservative in their guidance. In my view these great brands (Jockey, Speedo), good corporate governance, sales tailwinds and strong pricing power should be rewarded by market following lacklustre stock performance over almost 5 years now.
Disclosure: Invested.
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