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31 January 2022, Mumbai:
Dollar Industries Ltd, a knitwear manufacturer situated in Kolkata, saw a 12 percent increase in net profit to Rs 44 crore (for the quarter ending December 31, 2021), up from Rs 28 crore the previous year.
The company's revenue for the quarter climbed by 23% to Rs 383 crore, compared to Rs 312 crore in the previous fiscal year's similar period.
"The financial results for the third quarter of FY22 suggest that the firm has been able to align itself with its growth trajectory as we have noticed a stronger demand for our goods in the market," said Vinod Kumar Gupta, managing director of Dollar Industries in a statement.
During the nine-month period of Q3FY22, we saw volume increase of roughly 11 percent and 14 percent. The firm believes the Indian market has a lot of room for development in the coming years, and it wants to extend its retail footprint by adding 10 exclusive-brand locations across the nation this fiscal year.
Dollar Industries Limited claims to have a 15% market share in the organized innerwear industry and has a significant presence throughout India.
CREDITS: Fashion Network
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