Dollar Industries net income up 51%

03 November 2021, Mumbai:

For the second quarter Dollar Industries’ net income increased 51 per cent. 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.

Profit after tax surged by 84.4 percent. This October, Dollar launched its first exclusive brand outlet in Ayodhya and plans to launch similar outlets pan-India. It would continue to focus on increasing its reach and range at the retail level to grow further.

Dollar has 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.

Dollar focused on a 360-degree communication strategy and also created a lot of buzz with the launch of its new Bigboss, Missy, and Ultra TVCs. As a responsible corporate, Dollar has always focused on renewable and environment-friendly practices.

Focusing on its green mission, the company installed a four MW solar power plant at its Tirupur unit. Additionally, the company has successfully initiated various CSR activities. Water kiosks provided clean and safe drinking water to thousands of commuters.

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