13 November 2024, Mumbai
The Q2, FY25 net profit of Dollar Industries increased by 7 per cent to Rs 27 crore ($3.2 million), from Rs 25 crore in the same period last year.
The company’s revenue for the quarter rose by 8 per cent to Rs 447 crore as against revenues of Rs 413 crore in the corresponding quarter of the previous fiscal year.
During H1, FY25 spanning April-Sep’24, Dollar Industries added 17 new distributors as part of Project Lakshya, boosting its revenue contribution from this initiative to 31 per cent. The company aims to generate 65-70 per cent of its coming from distributors associated with Project Lakshya by the 2026 financial year.
Vinod Kumar Gupta and Binay Kumar Gupta, Managing Directors, say, the company’s total income rose by 8.5 per cent Y-o-Y to Rs 48.02 crore during Q2 FY25, and by 5.5 per cent Y-0-Y to Rs 782.44 crore in H1 FY25. It’s profit after tax increased by 6.6 per cent Y-o-Y to Rs 26.51 crore during the quarter.
A strong demand, an increasing focus on higher-margin products, and strategic initiatives have positioned the company well to achieve its future revenue and profitability goals, emphasise the directors.
A major player in India's innerwear segment, Dollar Industries claims a 15 per cent share of the organised market.
