loader2
Login Open ICICI 3-in-1 Account
Open ICICI 3-in-1 Account

Dollar Industries Results: Latest Quarterly Results & Analysis

Open Free Trading Account Online with ICICIDIRECT
+91
Dollar Industries Ltd. 14 Nov 2025 12:12 PM
Result PDF

Q2FY26 Quarterly Result Announced for Dollar Industries Ltd.

Apparels & Accessories company Dollar Industries announced Q2FY26 results

  • Operating Income of Rs 47,186 lakh in Q2FY26, registering a growth of 5.6% YoY.
  • Gross Profit of Rs 16,402 lakh in Q2FY26, registering a growth of 9.6%. Gross margin was at 34.8%.
  • Operating EBITDA of Rs 6,031 lakh in Q2FY26, growing 23.3% YoY, with a margin of 12.8%.
  • PAT of Rs 3,517 lakh in Q2FY26, growing 32.7% YoY. PAT margin stood at 7.4%.
  • EPS stood at Rs 6.20 in Q2FY26 as against Rs 4.67 in Q2FY25.

Vinod Kumar Gupta & Binay Kumar Gupta, Managing Directors, Dollar Industries, said: “We are pleased to report another quarter of steady performance and strategic progress for Dollar Industries Limited. This quarter marks a key milestone with the proposed merger of nine promoter group companies into the listed entity, consolidating brand ownership, manufacturing units, and real estate under one structure to enhance governance, operational control, and efficiency. A key highlight of the merger is the transfer of the ‘Dollar’ brand ownership directly to Dollar Industries Limited, giving us complete ownership of a core asset and eliminating potential conflicts of interest. With the brand consolidated under the listed entity, we will be able strengthen our market presence, drive product innovation, and deepen stakeholder trust.

Moving on to the financial highlights of the quarter gone by, Operating Income grew 5.6% YoY to Rs 47,186 lakh, supported by consistent demand across key product categories.

Operating EBITDA rose 23.3% YoY to Rs 6,031 lakh, with margins expanding 183 bps to 12.8%, reflecting significant benefits of operating leverage and cost optimization initiatives. We have been able to curtail our advertisement to 6.2% of Operating Income in H1FY26, as compared to 7.2% in H1FY25, and plan to further reduce this percentage in the coming quarters.

PAT stood at Rs 3,517 lakh for the quarter, growing at 32.7% YoY, with margin expanding by 151 bps to 7.4%.

Notably, the thermals segment stood out with robust growth of 23.5% YoY in value, with volumes up 28.1% YoY in Q2FY26, supported by expectations of a prolonged winter season and improved product availability across key geographies.

On the distribution front, the company continued to strengthen its presence across modern trade, e-commerce, and Quick Commerce channels, which together contributed 10.2% of total sales during the quarter. Revenue from quick commerce, though on a relatively small base, scaled sharply to contribute 4.0% to overall sales, underscoring its increasing significance in the company’s retail mix.

We remain committed to driving growth through stronger brand ownership, operational excellence, and deeper channel integration, positioning Dollar Industries for sustained value creation and long-term success.”

Result PDF

Result PDF

Apparels & Accessories company Dollar Industries announced Q1FY26 results

  • Operating Income grew by 19.6% YoY to Rs 39,913 lakh, driven by a robust 18.7% YoY growth in volumes.
  • Gross Profit grew by 19.0% YoY to Rs 14,148 lakh, with Gross Profit Margin of 35.4%.
  • Operating EBITDA increased by 20.4% YoY to Rs 4,288 lakh, with Operating EBITDA margin at 10.7%.
  • Profit after Tax (PAT) stood at Rs 2,132 lakh, up 39.3% YoY, with PAT Margin at 5.3%.

Vinod Kumar Gupta & Binay Kumar Gupta, Managing Directors, Dollar Industries, said: “We are pleased to report that in Q1FY26, our Operating Income grew by 19.6% YoY to Rs 39,913 lakh, driven by a robust 18.7% YoY growth in volumes.

Gross Profit grew by 19.0% YoY to Rs 14,148 lakh, with Gross Profit Margin of 35.4%. Operating EBITDA increased by 20.4% YoY to Rs 4,288 lakh, with Operating EBITDA margin at 10.7%.

Profit after Tax (PAT) stood at Rs 2,132 lakh, up 39.3% YoY, with PAT Margin at 5.3%.

A notable highlight this quarter was the strong performance of our modern trade, e-commerce, and quick commerce channels, which delivered a 65.2% YoY growth in revenue and 82.0% growth in volumes, contributing 12.2% to total operating revenue as against 8.7% in Q1FY25. Quick commerce alone contributed 3.1%. Force NXT brand also posted impressive growth, with YoY growth of 23.0% in value and 17.5% in volume.

These results reflect the success of our strategic focus on high-margin products and our expanding footprint in new-age distribution channels. We remain committed to these initiatives to drive sustainable growth and profitability in the years ahead.”

Result PDF

Apparels & Accessories company Dollar Industries announced Q4FY25 & FY25 results

Q4FY25 Financial Highlights:

  • Total income of Rs 55,091 lakhs in Q4FY25, registering a growth of 9.7% YoY and 44.0% QoQ
  • Gross Profit of Rs 16,340 lakhs in Q4FY25 with a margin of 29.8%
  • EBITDA of Rs 5,831 lakhs in Q4FY25 with a margin of 10.6%
  • PAT of Rs 2,925 lakhs in Q4FY25 with a margin of 5.3%
  • EPS stood at Rs 5.16 in Q4FY25

FY25 Financial Highlights:

  • Total income of Rs 1,71,581 lakhs in FY25, registering a growth of 8.8% YoY
  • Gross Profit of Rs 56,740 lakhs in FY25, registering a growth of 12.2% YoY. Gross Margin was at 33.2%, expanding 100 basis points YoY
  • EBITDA of Rs 18,802 lakhs in FY25, growing 15.3% YoY. EBITDA Margin was at 11.0%, expanding to 61 basis points YoY
  • PAT of Rs 9,104 lakhs in FY25 with a margin of 5.3%
  • EPS stood at Rs 16.05 in FY25 as against Rs 15.90 in FY24

Commenting on the results,  Vinod Kumar Gupta and Mr. Binay Kumar Gupta, Managing Directors, Dollar Industries said: “We are pleased to share our financial performance for the fourth quarter and the full year of FY25. Our Total Income for Q4FY25 rose by 9.7% YoY and 44.0% QoQ to Rs 55,091 lakhs. For the full year, Total Income increased by 8.8% YoY, reaching Rs1,71,581 lakhs. This performance was supported by a YoY volume growth of 10.5% in Q4FY25 and 4.6% in FY25.

Quarterly Gross Profit grew by 6.8% YoY and 20.6% QoQ to Rs 16,340 lakhs. For the full year, Gross Profit grew by 12.2% YoY to Rs 56,740 lakhs. Gross Profit Margin for Q4FY25 stood at 29.8%, while the full-year margin expanded by 100 basis points YoY to 33.2%.

EBITDA showed strong improvement in the financial year gone by, increasing by 15.3% YoY to Rs 18,802 lakhs. The EBITDA margin stood at 11.0% in FY25.

Profit After Tax for the year stood at Rs 9,104 lakhs with a PAT Margin of 5.3%.

We are pleased to announce that the Board has recommended a final dividend of Rs3 per share, resulting in a dividend payout of 18.7%, subject to shareholder approval.

One of the standout achievements of the year was the remarkable performance of our modern trade and e-commerce channels, which recorded a YoY revenue growth of 86.8% in Q4FY25 and 62.8% for the full year, contributing 8.2% to the total operating revenue. Dollar Protect, our rain guard segment, saw significant traction with a 47.4% YoY value growth and 40.3% YoY volume growth, accounting for 2.0% of total operating revenue in FY25. Additionally, Force NXT portfolio grew by 13.6% YoY in value and 13.4% in volume.

These results underscore the success of our strategic initiatives to enhance the contribution from high-margin products. Additionally, we have made significant inroads into new-age distribution channels, leading to increased contributions from modern trade and e-commerce. The company continues to focus on these growth initiatives to drive growth and profitability in the forthcoming years.”

Result PDF

Apparels & Accessories company Dollar Industries announced Q3FY25 results

  • Total income of Rs 38,245 lakh in Q3FY25, registering a growth of 14.9% YoY.
  • Gross Profit of Rs 13,546 lakh in Q3FY25, registering a growth of 20.7% YoY. Gross Margin was at 35.6%, expanding 172 basis points YoY.
  • EBITDA of Rs 4,334 lakh in Q3FY25, growing 28.0% YoY. EBITDA Margin was at 11.3%, expanding to 116 basis points YoY.
  • PAT of Rs 1,997 lakh in Q3FY25, up 12.8% YoY and. PAT Margin was at 5.2%.
  • EPS stood at Rs 3.52 in Q3FY25 as against Rs 3.12 in Q3FY24.

Vinod Kumar Gupta & Binay Kumar Gupta, Managing Directors, Dollar Industries, said: “We are delighted to announce our financial performance for the third quarter and the first nine months of the current fiscal year. Total Income for Q3FY25 has surged by 14.9% YoY, amounting to Rs 38,245 lakh. In 9MFY25, it has increased by 8.4% YoY, reaching Rs 1,16,490 lakh. Additionally, total volume grew by 8.2% YoY in Q3FY25.

Gross Profit has also shown robust growth. In Q3FY25, it grew by 20.7% YoY to Rs 13,546 lakh. In 9MFY25, it has increased by 14.5% YoY, amounting to Rs 40,400 lakh. Gross Profit Margin stood at 35.6% for Q3FY25 expanding by 172 bps over Q3FY24. 9MFY25 GP margin stood at 34.8%.

EBITDA has seen significant improvement, with a 28.0% YoY increase to Rs 4,334 lakh in Q3FY25 and a 24.8% YoY rise to Rs 12,971 lakh in 9MFY25. EBITDA Margin was 11.3% in Q3FY25 expanding by 116 bps over Q3FY24. 9MFY25 EBITDA margin stood at 11.1%.

Profit After Tax (PAT) has also shown healthy growth. In Q3FY25, it grew by 12.8% YoY to Rs 1,997 lakh. In 9MFY25, it increased by 8.2% YoY, reaching Rs 6,179 lakh. PAT Margin was 5.2% in Q3FY25 and 5.3% in 9MFY25.

Notably, modern trade and e-commerce YoY revenue grew 34.9% in Q3FY25 and by 55.2% in 9MFY25, contributing 8.9% to total operating revenue during this period. In Q3FY25, Force NXT recorded YoY value growth of 13.8% and a volume growth of 23.3%. Thermals segment reported YoY growth of 20.8% in revenue, reaching Rs 10,056 lakh in 9MFY25.

These figures demonstrate our strategic focus on increasing the share of e-commerce sales and modern trade, as well as enhancing the overall sales and contribution of high-margin products, which are key to achieving our revenue and profitability targets in the coming periods.”

Result PDF

Apparels & Accessories company Dollar Industries announced H1FY25 & Q2FY25 results

Q2FY25 Financial Highlights:

  • Total income of Rs 44,802 lakh in Q2FY25, registering a growth of 34.0% QoQ and 8.5% YoY.
  • Gross Profit of Rs 14,967 lakh in Q2FY25, registering a growth of 25.9% QoQ and 11.3% YoY. Gross Margin was at 33.5%, expanding 90 basis points YoY.
  • EBITDA of Rs 5,007 lakh in Q2FY25, growing 37.9% QoQ and 18.5% YoY. EBITDA Margin was at 11.2%, expanding to 94 bps basis points YoY.
  • PAT of Rs 2,651 lakh in Q2FY25, up 73.2% QoQ and 6.6% YoY and. PAT Margin was at 5.9%.
  • EPS stood at Rs 4.67 in Q2FY25 as against Rs 4.38 in Q2FY24

H1FY25 Financial Highlights:

  • Total income of Rs 78,244 lakh in H1FY25, registering a growth of 5.5% YoY.
  • Gross Profit of Rs 26,854 lakh in H1FY25, registering a growth of 11.6% YoY. Gross Margin was at 34.4%, expanding 192 bps basis points YoY.
  • EBITDA of Rs 8,637 lakh in H1FY25, growing 23.3% YoY. EBITDA Margin was at 11.0%, expanding to 160 basis points YoY.
  • PAT of Rs 4,182 lakh in H1FY25, up 6.1% YoY. PAT Margin was at 5.3%.
  • EPS stood at Rs 7.37 in H1FY25 as against Rs 6.95 in H1FY24.

Vinod Kumar Gupta and Binay Kumar Gupta, Managing Directors, Dollar Industries, said: “We are pleased to announce that our Total Income rose by 34.0% QoQ and 8.5% YoY, reaching Rs44,802 lakh for Q2FY25, and increased by 5.5% YoY reaching Rs 78,244 lakh in H1FY25.

Gross Profit increased by 25.9% QoQ and 11.3% YoY, reaching Rs 14,967 lakh in Q2FY25. It rose by 11.6% YoY to Rs 26,854 lakh in H1FY25. Gross Profit Margin stood at 33.5% for Q2FY25 and 34.4% for H1FY25.

EBITDA improved significantly, with a 37.9% QoQ and 18.5% YoY growth to Rs 5,007 lakh for Q2FY25, and a 23.3% YoY increase to Rs 8,637 lakh for H1FY25. EBITDA Margin was at 11.2% in Q2FY25 and 11.0% in H1FY25.

Our PAT (Profit After Tax) rose by 73.2% QoQ and 6.6% YoY in Q2FY25, reaching Rs 2,651 lakh, and grew by 6.1% YoY in H1FY25, reaching Rs 4,182 lakh. PAT Margin was at 5.9% in Q2FY25 and 5.3% in H1FY25.

Notably, revenue from E-Commerce increased by an impressive 210.8% YoY in Q2FY25 and 187.4% YoY in H1FY25, accounting for 5.4% of revenue in H1FY25. In Q2FY25, Force NXT achieved a YoY value growth of 29.7% and volume growth of 37.9%.

The company remains firmly committed to advancing Project Lakshya. We onboarded 17 new distributors in H1FY25, raising its revenue contribution to 30.6%, up from 26.3% in FY24. By FY26, 65-70% of revenue is expected to be contributed by distributors under Project Lakshya; a milestone that will drive market share expansion and margin improvement.

With strong and sustained demand and a rising share of higher-margin products in our portfolio, along with ongoing strategic initiatives, we are well-positioned to meet our revenue and profitability targets in the coming period.”

Result PDF

Apparels & Accessories company Dollar Industries announced Q1FY25 results:

  • Total income of Rs 33,443 Lakh in Q1FY25, registering a growth of 1.7% YoY 
  • Gross Profit of Rs 11,887 Lakh in Q1FY25, registering a growth of 12.1% YoY. Gross Margin was at 35.6%, expanding 330 basis points YoY
  • EBITDA of Rs 3,630 Lakh in Q1FY25, growing 30.7% YoY. EBITDA Margin was at 10.9%, expanding 241 basis points YoY
  • PAT of Rs 1,530 Lakh in Q1FY25 against Q1FY24 PAT of Rs 1,453 Lakh, up 5.3% YoY. PAT Margin was at 4.6%, expanding 16 basis points YoY
  • EPS stood at Rs 2.70 in Q1FY25 as against Rs 2.56 in Q1FY24

Commenting on the results, Vinod Kumar Gupta and Binay Kumar Gupta, Managing Directors, Dollar Industries said: “We are pleased to state that during Q1FY25, our Total Income stood at Rs 33,443 Lakh, an increase of 1.7% year-over-year.

Gross profit in Q1FY25 grew 12.1% YoY to Rs 11,887 Lakh, and GP margin expanded by 330 bps YoY to 35.6%, whereas EBITDA grew by 30.7% YoY to Rs 3,630 Lakh. EBITDA margin expanded by 241 bps YoY to 10.9%.

The company achieved PAT of Rs 1,530 Lakh in Q1FY25, up by 5.3% against the same quarter of the previous year, registering a PAT margin of 4.6%.

Revenue contribution from E-Commerce surged by 161.4% year-over-year, reaching 5.5%. Meanwhile, our exports business experienced a year-over-year growth of 17.5%.

The company is dedicated to driving the growth and success of Project Lakshya. In Q1FY25, we onboarded 11 new distributors under this initiative, increasing its contribution to 31.1%, up from 26.3% in FY24. We aim Project Lakshya distributors to contribute 65-70% of our revenue by FY26, a target that will significantly boost our market share and improve margins.

In addition, the integration of SAP's advanced technology will provide a crucial boost to the implementation of Project Lakshya. With SAP, we will have access to end-to-end data, enabling more effective and efficient execution of our strategies.

Our company is experiencing robust demand and a growing share of higher-margin products in our portfolio. This positive trend, along with our strategic initiatives, positions us strongly to achieve our targeted growth in both revenue and profitability in the near future.”

Result PDF

Apparels & Accessories company Dollar Industries announced Q4FY24 & FY24 results:

Q4FY24 Financial Highlights:

  • Highest ever Total income of Rs 50,204 Lakhs in Q4FY24, registering a growth of 23.2% YoY
  • Gross Profit of Rs 15,305 Lakhs in Q4FY24, registering a growth of 53.6% YoY. Gross Margin was at 30.6%, expanding 609 basis points YoY
  • EBITDA of Rs 5,924 Lakhs in Q4FY24, growing 372.0% YoY. EBITDA Margin was at 11.8%, expanding 872 basis points YoY
  • PAT of Rs 3,309 Lakhs in Q4FY24 against Q4 FY23 PAT of Rs 55 Lakhs, up 5911.8% YoY. PAT Margin was at 6.6%, expanding 646 basis points YoY
  • EPS stood at Rs 5.83 in Q4FY24 as against Rs 0.10 in Q4 FY23

FY24 Financial Highlights:

  • Highest ever Total income of Rs 1,57,677 Lakhs in FY24, registering a growth of 12.7% YoY
  • Gross Profit of Rs 50,588 Lakhs in FY24, registering a growth of 22.6% YoY. Gross Margin was at 32.2%, expanding 256 basis points YoY
  • EBITDA of Rs 16,314 Lakhs in FY24, growing 58.4% YoY & EBITDA Margin was at 10.3%, expanding 298 basis points YoY
  • PAT of Rs 9,020 Lakhs in FY24 against FY23 PAT of Rs 5,254, up 71.7%. PAT Margin was at 5.7%, expanding 196 basis points YoY.
  • EPS stood at Rs 15.90 as against Rs 9.26 in FY23.
  • Dividend of Rs 3 per share recommended by the Board, subject to Shareholder’s approval

Commenting on the results, Vinod Kumar Gupta and Binay Kumar Gupta, Managing Directors, Dollar Industries Limited said: “We are happy to announce that the company achieved strong all-round growth both in the fourth quarter and in full year FY24. In Q4FY24, the company recorded its highest-ever quarterly income of Rs50,204 Lakhs, marking a 23.2% year-over-year increase. For the full year, total income stood at Rs1,57,677 Lakhs, reflecting a 12.7% YoY growth. Additionally, the company saw a volume growth of 17.6% YoY in Q4FY24 and 21.4% YoY for the entire FY24.

Gross profit in Q4FY24 grew 53.6% YoY to Rs 15,305 Lakhs, as GP margin expanded by 609 bps YoY to 30.6%, whereas EBITDA grew sharply by 372.0% YoY to Rs 5,924 Lakhs. EBITDA margin expanded by 872 bps YoY to 11.8%.

For FY24, Gross profit grew 22.6% YoY to Rs 50,588 Lakhs, as GP margin expanded by 256 bps to 32.2%, whereas EBITDA grew by 58.4% to Rs 16,314 Lakhs. EBITDA margin expanded by 298 bps YoY, crossing the 10% mark.

The company achieved PAT of Rs 3,309 Lakhs in Q4FY24, up by 5,911.8% against the same quarter of the previous year, registering a PAT margin of 6.6%. For FY24, the company achieved PAT of Rs 9,020 Lakhs, showing a growth of 71.7% YoY, registering a PAT margin of 5.7%

We are also happy to announce that the Board of Directors has recommended a Dividend of Rs 3 per share, subject to Shareholders’ approval, which is 150% of the face value.

The company remains steadfast in its commitment towards continued growth and success of Project Lakshya, and we have added 61 distributors under this project in FY24. The contribution of Project Lakshya distributors stood at 26.3% in FY24, up from 18.6% in FY23. We target Project Lakshya distributors to contribute 65-70% of our revenue by FY26, and this will go a long way in increasing our market share and improving margins.

Our company is experiencing robust demand and an increasing proportion of higher-margin products in our portfolio. This positive trend positions us well to achieve our desired topline and bottom-line growth in the near future.”

Result PDF

Apparels & accessories company Dollar Industries announced Q1FY24 results:

  • Total revenue of Rs 31,958.25 lakh in Q1FY24 compared to Rs 36,422.16 lakh in Q1FY23, down 12.26% YoY
  • Gross profit of Rs 10,315.52 lakh in Q1FY24 compared to Rs 12,268.79 lakh in Q1FY23, down 15.92% YoY
  • EBITDA of Rs 2,544.58 lakh in Q1FY24 compared to Rs 3,977.20 lakh in Q1FY23, down 36.02% YoY
  • PBT of Rs 1,782.19 lakh in Q1FY24 compared to Rs 3,253.32 lakh in Q1FY23, down 45.22% YoY
  • PAT of Rs 1,409.57 lakh in Q1FY24 compared to Rs 2,787.08 lakh in Q1FY23, down 49.43% YoY

Commenting on the results, Vinod Kumar Gupta, Managing Director, Dollar Industries said, “The financial results for Q1FY24 indicate that the Company has given favorable margins as compared to previous quarter Q4FY23. FY23 was very challenging for the hosiery industry due to volatile raw material prices and high-cost inventory and it had a domino effect on our Q1FY24 financial results as well if we compare it with Q1FY23. But things have started to stabilize now and the effect of the same can be seen in our margins which have improved from the previous quarter.

Overall we expect FY24 to be good with good demand for the products and controlled raw material prices will help us to maintain our margins."

"Our commitment to sustainability remains a top priority. We continue to implement environmentally friendly practices throughout our operations, focusing on reducing our carbon footprint and promoting responsible manufacturing processes. For this company has planned a capital expenditure of Rs 35 crore towards power generation capacity through Solar Power which would generate 6 MW of power. This capital expenditure would help us in reducing our operational costs and will improve margins.

The company’s flagship Project Lakshya has done well and has increased the share of revenue contribution in the domestic sales from 19% in FY23 to 27% in Q1FY24. It has shown volume growth of 13% on a YoY basis. The company has added 20 distributors in Q1FY24 under project Lakshya. The company has started rollouts of Distributors in Tamil Nadu and Kerala. We are confident of our long-term growth on the back of Project Lakshya, industry, and economic drivers," said Ajay Kumar Patodia, Chief Financial Officer.

 

 

Result PDF

Other Apparels & Accessories company Dollar Industries announced Q4FY23 & FY23 results:

  • Total Revenue for Q4FY23 & FY23 stood at Rs 407.57 crore & Rs 1,398.52 crore as compared to Rs 375.72 & Rs 1,349.06 crore for Q4FY22 & FY22 growth of 8% for Q4FY23 & 4% for FY23.
  • Operating Revenue for Q4FY23 & FY23 stood at Rs 406.35 & Rs 1,393.80 crore as compared to Rs 371.94 & Rs 1,342.53 crore for Q4FY22 & FY22, growth of 9.25% for Q4FY23 & 3.82% for FY23.
  • EBITDA for Q4FY23 & FY23 stood at Rs 12.82 crore i.e. 3.15% & Rs 103.27 crore i.e. 7.38% as compared to Rs 59.16 crore i.e. 15.75% & Rs 223.23 crores i.e. 16.55% for Q4FY22 & FY22, de-growth of 78% & 54% for Q4FY23 & FY23.
  • PAT for Q4FY23 & FY23 stood at Rs 3.68 crore i.e. 0.90% & Rs 58.24 crore i.e. 4.16% as compared to Rs 37.10 crore i.e. 9.88% & Rs 145.87 crore i.e. 10.81% for Q4FY22 & FY22, de-growth of 90% & 60% for Q4FY23 & FY23

“Financial Year 23 was very challenging, where we saw huge volatility in raw material prices. High-cost inventory coupled with cyclical slowdown impacted our margins. Despite all these challenges, we touched down the volume of around 20.12 crore pieces at the Yearly level (i.e. 5% volume growth) which was Rs 19.08 crore pieces in FY22. However, we expect FY24 to be good with increasing demand for the products and controlled raw material prices will help us to maintain our margins. We are confident of our long-term growth on the back of Project Lakshya, industry, and economic drivers”, said Vinod Kumar Gupta, Managing Director, Dollar Industries.

“Additionally, our Modern Trade sales have shown 33 % growth in sales for FY23 (y-o-y). We would continue to focus on increasing our distribution network, strengthening the product portfolio, and keeping our supply chain robust”, added Vinod Kumar Gupta.

 

Result PDF

Dollar Industries announced Q3FY23 results:

Standalone Q3FY23 & 9MFY23:

  • Total revenue for Q3FY23 & 9MFY23 stood at Rs 285.89 crore & Rs 990.94 crore as compared to Rs 382.98 crore & Rs 973.34 crore for Q3FY22 & 9MFY22 de-growth of 25.35% for Q3FY23 & growth of 1.81% for 9MFY23.
  • Operating revenue for Q3FY23 & 9MFY23 stood at Rs 285.33 crore & Rs 987.45 crore as compared to Rs 381.49 crores & Rs 970.59 crore for Q3FY22 & 9MFY22 de-growth of 25.20% for Q3FY23 & growth of 1.74% for 9MFY23.
  • Gross margin for Q3FY23 & 9MFY23 stood at 30.12% & 31.72% as compared to 34.20% & 35.06% in Q3FY22 & 9MFY22
  • EBITDA for Q3FY23 & 9MFY23 stood at Rs 19.96 crore & Rs 90.44 crore as compared to Rs 65.80 crores & Rs 164.07 crore for Q3FY22 & 9MFY22 de-growth of 69.66% & 44.87% for Q3FY23 & 9MFY23.
  • PAT for Q3FY23 & 9MFY23 stood at Rs 8.73 crore & Rs 54.56 crore as compared to Rs 44.40 crores & Rs 108.76 crore for Q3FY22 & 9MFY22 de-growth of 80.33% & 49.83% for Q3FY23 & 9MFY23.

Commenting on the results, Mr. Vinod Kumar Gupta, Managing Director, Dollar Industries Limited said, “Due to the shift in seasonality and cyclical slowdown in discretionary demand in winter products, coupled with volatile raw material prices and high-cost inventory, our Q3 sales and margin has been adversely effected. Despite all these challenges company generated a positive cash flow of Rs 98 crore from operating activities in 9MFY23 as compared to Rs 92 lacs in 9MFY22.

But now things are getting stable and channel inventory has also been reduced due to low volume offtake by the business partners in this quarter. High inventory cost has also been optimized. With these, we are expecting a good demand in coming quarters due to early festival sales in quarter four. Our marketing spends have also been optimized and we don’t have any major campaigns in the coming quarter.

In order to strengthen our market share, we have always been aggressive to increase our product portfolio by including a new range of products in the Women's segment and Activewear in the Premium Segment. Recently, we have launched our new product, Dollar Raincoat, under the Dollar Protect category, which will add an extra boost to the sales in coming quarters.

Project Lakshya, our Flagship project, is doing well and has increased the share of revenue contribution in our sales from 7% in 9MFY22 to 17% in 9MFY23. This has led us to strengthen our sales force for smoother operations.

We, at Dollar, are happy to announce that we have opened our 12th EBO on Pan India level and few more EBO’s are expected to open by Q4FY23 which will create extra demand in the D2C segment.

Additionally, our E-Commerce sale has shown 16% growth in sales for 9MFY23 (YoY).

We would continue to focus on increasing our distribution network, strengthening the product portfolio and keeping our supply chain robust.”

Result PDF

Trending News

Midhani has secured an order of Rs. 121.75 crore

Midhani has secured an order of Rs. 121.75 crore

Published on 19-Dec-2025 09:02

Aeroflex Industries Board has approved a ₹97.56 crore expansion plan

Aeroflex Industries Board has approved a ₹97.56 crore expansion plan

Published on 19-Dec-2025 09:01

As per media sources, HDFC Bank has raised a $1 billion three-year overseas loan from its GIFT City branch

As per media sources, HDFC Bank has raised a $1 billion three-year overseas loan from its GIFT City branch

Published on 19-Dec-2025 09:00

TCS, on its Investor Day 2025, articulated a clear shift towards an AI-first enterprise

TCS, on its Investor Day 2025, articulated a clear shift towards an AI-first enterprise

Published on 18-Dec-2025 09:07

Syrma SGS Technology has completed the first tranche of its acquisition of defence and aerospace electronics firm Elcome Integrated Systems

Syrma SGS Technology has completed the first tranche of its acquisition of defence and aerospace electronics firm Elcome Integrated Systems

Published on 18-Dec-2025 09:06

POWERGRID has commissioned the Western Region Expansion Scheme-XXV

POWERGRID has commissioned the Western Region Expansion Scheme-XXV

Published on 18-Dec-2025 09:05

Disclaimer – I ICICI Securities Ltd. ( I-Sec). Registered office of I-Sec is at ICICI Securities Ltd. - ICICI Venture House, Appasaheb Marathe Marg, Prabhadevi, Mumbai - 400 025, India, Tel No : 022 - 6807 7100. I-Sec is acting as a distributor to solicit bond related products. All disputes with respect to the distribution activity, would not have access to Exchange investor redressal forum or Arbitration mechanism. The contents herein above shall not be considered as an invitation or persuasion to trade or invest. I-Sec and affiliates accept no liabilities for any loss or damage of any kind arising out of any actions taken in reliance thereon. Investments in securities market are subject to market risks, read all the related documents carefully before investing. The contents herein mentioned are solely for informational and educational purpose.
Download App

Download Our App

Play Store App Store
market app
✕
Application status