07 December 2021, Mumbai:
Knitwear major Dollar Industries is expecting revenue growth of around 15 to 18 percent during the current financial year. The company sees huge potential for growth in the Indian market over the next few years and plans to expand its retail presence by opening exclusive brand outlets across the country.
Dollar opened its first outlet in Ayodhya this year and plans to add 10 new outlets in Rajasthan and Uttar Pradesh during the current fiscal year. The economy range accounts for nearly 42 percent of its total sales.
The company is hopeful of doubling its turnover to Rs 2000 crores in three or four years. The company had registered a seven percent growth in turnover in financial year ’21.
For the second quarter Dollar’s net income increased 51 percent. The garment and hosiery company has been able to align itself with its growth trajectory as it has witnessed a greater demand for its products in the market.
Dollar Industries managed to strike the right balance between employees’ safety and efficiency. Despite limitations, the company has overcome hurdles and managed to maintain the demand-supply ratio. With a revamped brand identity, India’s leading organisation in hosiery and knitwear strengthened its digital and e-commerce presence.
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