The Jockey brand boasts an impressive Awareness Score of 96% and a Most Preferred Brand Score of 60% among its target audience. The company sells its products through exclusive brand stores, some of which are run by franchisees, large-format stores, multibrand stores, and its e-commerce channel. However, the company reports a weaker-than-expected operating environment for the Jockey brand, which is negatively impacting the brand's performance.
Cyborg Score Rationale
FY2024 saw revenue growth of 8% to ₹49.35 billion with earnings rising 28.1% to ₹7.29 billion, but Q3 FY26 net profit fell to ₹1.9B down from ₹2B YoY, below the estimated ₹2.2B. Mixed broker sentiment with recent downward revisions.
Top Insights
Geographic expansion secured with Jockey rights extended to Saudi Arabia, Bahrain, and Kuwait in FY25
HSBC maintains reduce rating with ₹41,040 target, implying 9.3% downside from current market price
Company delivered poor sales growth of 10.9% over past five years
Management announced interim dividend of ₹150 per equity share for FY2025-26
Named Competitors
Innerwear & Athleisure — Diversified apparel and fashion company
Textile Products — Innerwear manufacturer and distributor
Apparel Manufacturing — Integrated textile and garment company
Recent Developments
(February 2026) Q3 FY26 earnings below expectations with net profit of ₹1.9B
(February 2026) Board meeting scheduled for results announcement and potential 3rd interim dividend declaration