Dollar Industries’Q4, FY24 net profit rises to Rs 33 crore

The net profit of Dollar Industries’ during Q4, FY24 ended Mar 31, 2024 increased to Rs 33 crore ($4 million) from Rs 55 lakh recorded in the same quarter last year.
The company’s revenue for the quarter rose by 23 per cent to Rs 503 crore from Rs 407 crore in the corresponding quarter of the previous fiscal year.
For the full financial year 2023-24, Dollar Industries recorded a 71 per cent Y-o-Y rise in net profit to Rs 90 crore, with revenue reaching Rs 1,576 crore.
Expressing satisfaction with the results, Vinod Kumar Gupta, Managing Director, Dollar Industries Ltd, states, the company remains steadfast in its commitment towards the continued growth and success of Project Lakshya. It has added 61 distributors under this project in FY24. The contribution of Project Lakshya distributors increased to 26.3 per cent in FY24 from 18.6 per cent in FY23.
Dollar Industries is experiencing robust demand and an increasing proportion of higher-margin products in its portfolio. This positive trend positions it to achieve the desired topline and bottom-line growth in the near future.
A leading player in the innerwear and athleisure segment, Kolkata-based Dollar Industries has a strong presence across the country.