Dollar Industries’ Q1, FY25 gross profit rises 12.1% Y-o-Y to Rs 11, 887 lakh
16 August 2024, Mumbai
A leading name in the garment and hosiery sector, Dollar Industries reported a 12.1 per cent Y-o-Y growth in gross profit to Rs 11,887 lakh in Q1, FY25 with the company’s gross profit margin rising by 330 basis points to 35.6 per cent.
Dollar Industries’ EBITDA increased by 30.7 per cent Y-o-Y to Rs 3,630 lakh during the quarter with the EBITDA margin increasing by 241 basis points to 10.9 per cent.
In Q1, FY25, the company also achieved a 5.3 per cent growth in PAT to Rs1,530 as against Rs1,453 in Q1, FY24. It’s PAT Margin expanded by 16 basis points Y-o-Y to 4.6 per cent. The total incomeof the company rose by 1.7 per cent Y-o-Y to Rs 33, 443 lakh during the quarter. Its revenue from e-commerce expanded by 161.4 per cent Y-o-Y, to 5.5 per cent of the total income during the quarter while exports grew by 17.5 per cent Y-o-Y.
The company also on-boarded 11 new distributors under Project Lakshya in Q1 FY25, increasing its contribution to 31.1 per cent of total revenue from 26.3 per cent in FY24. The company aims for Project Lakshya distributors to contribute 65-70 per cent of revenue by FY26.
The integration of SAP’s advanced technology will accelerate the execution of Project Lakshya, providing end-to-end data access for more effective strategy implementation.
