loader2
Login Open ICICI 3-in-1 Account
  • Text Size
  • Text to Speech
  • Color Contrast
  • Pause Animations
Open ICICI 3-in-1 Account

Dollar Industries Results: Latest Quarterly Results & Analysis

Open Free Trading Account Online with ICICIDIRECT
+91
Dollar Industries Ltd. 10 Aug 2026 17:45 PM
Result PDF

Q1FY27 Quarterly Result Announced for Dollar Industries Ltd.

Apparels & Accessories company Dollar Industries announced Q1FY27 results

Consolidated Financial Highlights:

  • Total Revenue from Operations for Q1FY27 stood at Rs 40,480.78 lakh, reflecting a YoY growth of 1.42% compared to Rs 39,912.62 lakh in Q1FY26 and a QoQ decrease of 34.87% from Rs 62,154.63 lakh in Q4FY26.
  • Total Income for the quarter was Rs 40,565.54 lakh, an increase of 1.47% YoY from Rs 39,979.00 lakh in Q1FY26, but a decline of 34.86% QoQ from Rs 62,276.05 lakh in Q4FY26.
  • Profit before tax (PBT) for Q1FY27 was reported at Rs 3,486.87 lakh, marking a 22.94% YoY increase from Rs 2,836.35 lakh in Q1FY26 and an 18.13% QoQ decrease from Rs 4,259.23 lakh in Q4FY26.
  • Net Profit attributable to the owners of the company stood at Rs 2,602.42 lakh for Q1FY27, representing a 22.06% YoY increase from Rs 2,132.16 lakh in Q1FY26, while declining by 20.12% QoQ from Rs 3,257.94 lakh in Q4FY26.
  • Total Comprehensive Income attributable to owners for Q1FY27 was Rs 2,659.21 lakh, compared to Rs 2,152.27 lakh in Q1FY26 and Rs 3,323.52 lakh in Q4FY26.
  • Basic and Diluted Earnings Per Share (EPS) for Q1FY27 was Rs 4.59, compared to Rs 3.76 in Q1FY26 and Rs 5.74 in Q4FY26.

Standalone Financial Highlights:

  • Revenue from Operations for Q1FY27 stood at Rs 38,907.17 lakh, showing a YoY growth of 1.36% from Rs 38,385.10 lakh in Q1FY26 and a QoQ decrease of 35.42% from Rs 60,244.23 lakh in Q4FY26.
  • Total Standalone Income reached Rs 38,995.70 lakh in Q1FY27, compared to Rs 38,455.27 lakh in Q1FY26 and Rs 60,368.52 lakh in Q4FY26.
  • Profit before tax (PBT) for Q1FY27 was Rs 3,284.87 lakh, an increase of 27.74% YoY from Rs 2,571.45 lakh in Q1FY26 and a decrease of 19.97% QoQ from Rs 4,104.65 lakh in Q4FY26.
  • Net Profit for Q1FY27 was Rs 2,445.95 lakh, marking a 24.64% YoY increase from Rs 1,962.47 lakh in Q1FY26 and a 22.12% QoQ decline from Rs 3,140.51 lakh in Q4FY26.
  • Total Comprehensive Income for the period reached Rs 2,503.23 lakh in Q1FY27, as against Rs 1,982.58 lakh in Q1FY26.
  • Basic and Diluted EPS for Q1FY27 stood at Rs 4.31, compared to Rs 3.46 in Q1FY26 and Rs 5.54 in Q4FY26.

Business Highlights:

  • Group Structure: As of June 30, 2026, the Group comprises parent company Dollar Industries Limited, its subsidiary Dollar Garments Private Limited, and a joint venture company, Pepe Jeans Innerfashion Private Limited.
  • Composite Scheme of Arrangement: The company is undergoing a Composite Scheme of Arrangement involving the merger of multiple entities (including Dindayal Texpro Private Limited and various transferor companies) to prune related party transactions. The company received approval from BSE and NSE in March 2026 and is currently awaiting final approval from the Hon'ble NCLT, Kolkata Bench.
  • Reporting Note: The figures for Q4FY26 (the three months ended March 31, 2026) are balancing figures between audited figures for the full financial year and published year-to-date figures up to the third quarter of that financial year.

Vinod Kumar Gupta & Binay Kumar Gupta, Managing Directors, Dollar Industries, said: “We are pleased to report the results for the first quarter of financial year 2027, with healthy growth in profitability and continued progress across our key business initiatives. Our Operating Income for the quarter stood at Rs 40,481 lakh.

Gross Profit for the quarter stood at Rs 15,124 lakh, with the Gross Profit margin improving to 37.4%, an expansion of 192 bps YoY. This improvement was supported by the calibrated price increase implemented during the quarter.

During the quarter, Operating EBITDA stood at Rs 4,777 lakh, registering a growth of 11.4% YoY. Operating EBITDA margin improved to 11.8%, reflecting the benefits of better gross margins and continued focus on operational efficiency. Profit After Tax stood at Rs 2,602 lakh, growing 22.1% YoY, with PAT margin improving to 6.4%, an expansion of 108 bps YoY.

Dollar Protect, our rain guard segment, continued to perform well during the quarter. The segment recorded value growth of 49.0% and volume growth of 68.0% in Q1FY27, contributing 5.6% to our overall revenue.

Our regional performance also remained encouraging. The Southern region delivered strong growth of 22.9% in value and 7.3% in volume on a YoY basis. As a result, its contribution to our overall business increased to 8.9% in Q1FY27 from 7.2% in Q1FY26. We remain focused on strengthening our presence in this region and capturing the opportunities available in these markets.

Our continued investments in newer channels are also yielding encouraging results. Quick commerce channel continued its strong growth trajectory, showcasing a YoY increase of 59.4% in value and 15.1% in volume terms and its contribution to revenue increasing to 5.0% in Q1FY27 from 3.1% in Q1FY26. This performance highlights the growing relevance of these channels and the changing buying behaviour of consumers.

Our export business also continued to perform well. Exports recorded value growth of 16.2% and volume growth of 15.5% YoY during the quarter, with its contribution increasing to 4.9% in Q1FY27 from 4.2% in Q1FY26. We will continue to focus on expanding our international presence and leveraging the opportunities available across our export markets.

As we had indicated previously, we have now commenced Phase 2 of Project Lakshya. We have started building the team for this phase and have begun mapping the retailers that we aim to activate across our target markets. The initial focus is on strengthening our presence in our stronghold states by increasing the number of active retailers. At the same time, we are evaluating opportunities in markets where our presence is currently limited, with a clear understanding of local market dynamics and retailer potential.

We have also made meaningful progress on the proposed Scheme of Arrangement. The Scheme has received approval from both BSE and NSE and has also been approved by the shareholders at the court-convened meeting held pursuant to the directions of the Hon’ble NCLT, Kolkata.

We remain confident that the initiatives undertaken across our core markets, newer channels, exports and Project Lakshya will support our growth journey in the coming quarters. With our strong brand portfolio, established distribution network and continued focus on execution, we are well placed to capture the opportunities ahead.”

Result PDF

Result PDF

Apparels & Accessories company Dollar Industries announced Q4FY26 & FY26 results

Financial Highlights:

  • Total Income:
    • For Q4FY26, total income stood at Rs 62,276 lakh, up 13.0% YoY from Rs 55,091 lakh in Q4FY25 and up 60.0% QoQ from Rs 38,933 lakh in Q3FY26.
    • For FY26, total income was Rs 1,88,517 lakh, reflecting a 9.9% YoY growth from Rs 1,71,581 lakh in FY25.
  • Operating Income:
    • For Q4FY26, operating income was Rs 62,155 lakh, up 13.2% YoY and 60.0% QoQ.
    • For FY26, operating income reached Rs 1,88,096 lakh, an increase of 10.0% YoY.
  • Gross Profit:
    • For Q4FY26, gross profit stood at Rs 17,442 lakh (margin of 28.1%), up 6.7% YoY.
    • For FY26, gross profit was Rs 62,164 lakh (margin of 33.0%), up 9.6% YoY.
  • Operating EBITDA:
    • For Q4FY26, operating EBITDA was Rs 5,767 lakh (margin of 9.3%), up 2.0% YoY.
    • For FY26, operating EBITDA was Rs 19,969 lakh (margin of 10.6%), up 9.3% YoY.
  • Profit After Tax (PAT):
    • For Q4FY26, PAT was Rs 3,258 lakh (margin of 5.2%), up 11.4% YoY.
    • For FY26, PAT increased by 18.0% YoY to Rs 10,743 lakh (margin of 5.7%).
  • Diluted EPS:
    • Q4FY26 Diluted EPS stood at Rs 5.74, up 11.4% YoY from Rs 5.16.
    • FY26 Diluted EPS was Rs 18.94, up 18.0% YoY from Rs 16.05.

Business Highlights:

  • Dividend: The Board recommended a final dividend of Rs 3/- per equity share (150% on face value of Rs 2/- per share) for FY26, subject to shareholder approval.
  • Re-appointments: The Board approved the re-appointment of Mr. Vinod Kumar Gupta as Managing Director & Key Managerial Personnel (KMP), Mr. Binay Kumar Gupta as Jt. Managing Director, and Mr. Bajrang Kumar Gupta and Mr. Krishan Kumar Gupta as Whole-time Directors, each for a period of 5 consecutive years effective from September 1, 2026.
  • Operational Structure: The Company’s business activity falls within a single significant primary business segment: "Garment & Hosiery and related service." Accordingly, no separate segment-wise information is disclosed.
  • Auditor Appointment: M/s. K.B. Daliya & Associates were re-appointed as Internal Auditors and M/s. Bhanwarlal Gurjar & Co. as Cost Auditors for FY27.
  • New Labour Codes: The Company assessed the impact of the new Labour Codes effective from November 21, 2025. The incremental impact on employee benefit obligations was assessed and recognized in the financial results for the quarter and year ended March 31, 2026, and was deemed not material.

Vinod Kumar Gupta & Binay Kumar Gupta, Managing Directors, Dollar Industries, said: “We are pleased to report a resilient financial performance for the final quarter and financial year 2026, characterized by robust volume growth. Our focus yielded an annual and quarterly volume growth of 9.8% YoY and 12.0% YoY, respectively. Operating Income for the quarter stood at Rs 62,155 lakh, up 13.2% YoY, translating to Operating Income of Rs 1,88,096 lakh in full year, a 10.0% increase over the previous fiscal year.

Quarterly Gross Profit was at Rs 17,442 lakh, with a Gross Profit margin of 28.1%. On a full-year basis, Gross Profit stood at Rs 62,164 lakh, up 9.6% YoY with a margin of 33.0%. Operating EBITDA stood at Rs 5,767 lakh for the quarter, with an Operating EBITDA margin of 9.3%. In the full year, Operating EBITDA was at Rs 19,969 lakh, up 9.3% YoY with a margin of 10.6%.

Profit After Tax (PAT) for Q4 stood at Rs 3,258 lakh, with a PAT margin of 5.2%. For the full year, PAT increased by 18.0% YoY to Rs 10,743 lakh with a PAT margin of 5.7%.

Reflecting our commitment to sustainable shareholder returns, the Board has recommended a dividend of Rs 3 per share, subject to shareholders’ approval, representing a dividend payout ratio of 15.8%.

Additionally, due to the increase in cotton prices, which remains our key raw material, we have undertaken a calibrated price hike in the early part of Q1FY27. This proactive measure is aimed at mitigating input cost increase while maintaining our focus on operational stability and sustainable profitability.

Our premium brand, Force NXT, maintained its growth trajectory. The brand recorded a value and volume growth of 16.0% and 24.3%, respectively, in Q4FY26, concluding FY26 with a full-year value increase of 16.5% and volume growth of 26.2%, underscoring a clear consumer migration towards high-quality, specialized offerings. Dollar Protect, our rain guard segment, delivered volume growth of 49.9% in Q4FY26 and 18.0% in FY26.

Our sustained focus on quick commerce delivered strong results, with the channel growing 437.0% YoY and expanding its revenue contribution from 0.5% to 2.5%. Propelled by this breakout performance, non-traditional channels as a whole grew by 24.2% YoY in FY26.

We are pleased to announce that we have commenced the pilot run of Phase 2 of Project Lakshya. Under this pilot phase, we plan to deepen our presence within stronghold states by increasing the number of active retailers, thereby strengthening our market share in these regions. In non-dominant territories, we intend to analyse local competitive dynamics and develop tailored market-entry strategies.

The close of FY26 marks an important milestone for our Company. With strong volume growth, focused retail strategy under Lakshya Phase 2, and strong momentum across our digital commerce channels, we remain optimistic about our growth trajectory. As we enter the new fiscal year, we remain focused on improving operational efficiencies while expanding our presence in key markets. We are confident that this disciplined approach will continue to create long-term value for our consumers, partners, and shareholders.”

Result PDF

Apparels & Accessories company Dollar Industries announced Q3FY26 results

  • Operating Income of Rs 38,843 lakh in Q3FY26, registering a growth of 2.0% YoY.
  • Gross Profit of Rs 14,172 lakh in Q3FY26, with a margin of 36.5%.
  • Operating EBITDA of Rs 3,883 lakh in Q3FY26, with a margin of 10.0%.
  • PAT of Rs 1,836 lakh in Q3FY26 with a margin of 4.7%.
  • EPS stood at Rs 3.24 in Q3FY26 as against Rs 3.52 in Q3FY25.

Vinod Kumar Gupta & Binay Kumar Gupta, Managing Directors, Dollar Industries, said: We are pleased to report another quarter of stable performance with continued focus on profitability. Operating Revenue for the quarter stood at Rs 38,843 lakh, reflecting a 2.0% growth YoY.

During the quarter, demand conditions remained steady, though revenue growth was modest due to continued competitive intensity and pricing pressures. In this environment, the company maintained a prudent approach with a strong focus on cost discipline, operating efficiency, and protecting earnings quality, rather than pursuing growth at the expense of profitability. This approach helped support margin stability during the quarter.

Gross Profit increased 4.6% YoY to Rs 14,172 lakh in Q3FY26, with Gross Profit Margin expanding by 91 bps YoY to 36.5%. Operating EBITDA for the quarter stood at Rs 3,883 lakh, with a margin of 10.0%. For the nine-month period, Operating EBITDA increased by 12.6% YoY to Rs 14,202 lakh with Operating EBITDA margin expanding by 41 bps YoY to 11.3%, reflecting continued emphasis on protecting operating profitability through efficiency measures.

Profit After Tax for the quarter stood at Rs 1,836 lakh, with a PAT margin of 4.7%. For the nine-month period, PAT increased by 21.1% YoY to Rs 7,485 lakh with PAT Margin expanding by 63 bps YoY to 5.9%.

The Company believes that, given current industry dynamics, prioritising profitability and operating leverage over aggressive topline growth is a prudent and sustainable approach. The objective is not to choose between growth and margins, but to sequence them appropriately, with margin stability and earnings quality taking precedence in the current environment.

Turning to brands performance, our premium brand Force NXT continued its growth momentum registering year on year value and volume growth of 26.5% and 48.1% respectively in Q3FY26. For the nine months ended FY26, Force NXT recorded value growth of 16.7% and volume growth of 27.1% respectively, driven by increasing consumer preference for differentiated, high quality products.

On the distribution front, we continued to witness steady traction across modern trade, e-commerce, and quick-commerce channels during Q3FY26, contributing 12.8% of overall revenue. For the nine months period, these channels recorded strong value growth of 36.0% and volume growth of 38.9%, contributing 11.6% to overall revenue.

Looking ahead, as the operating environment normalises, we expect growth to follow, supported by a stronger cost base and improved operating leverage. The Company remains opportunity-led rather than target-led on growth, with a continued focus on returns and cash flows.

Result PDF

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

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

Trending News

EIL Eyes $1B Order Pipeline in Saudi Arabia and UAE

Engineers India Ltd (EIL) expects an order pipeline of around US$1 billion over the next 2–3 years from oil and petroleum-product pipelines and strategic storage projects in Saudi Arabia and the UAE

Published on 21-Sep-2026 09:16

L&T targets $20-30B modular market over 5 years after huge Australia project win

Larsen & Toubro (L&T) is targeting a US$20–30 billion addressable opportunity in modularisation over the next five years, against a global market estimated at US$100–150 billion, implying ~20% share of the addressable market. 

Published on 21-Sep-2026 09:15

ACE Eyes 15% Export Revenue Share in 3 Years, Explores M&As

Action Construction Equipment (ACE) expects exports to increase to ~15% of revenue over the next 2–3 years, from 7–8% in H1FY27, as it expands beyond traditional markets in Africa, Latin America and SAARC into North America, Australia and Europe. 

Published on 21-Sep-2026 09:14

POWERGRID Approves ₹5,000 Crore Bond Fundraise

POWERGRID’s Committee of Directors for Bonds has approved raising up to ₹5,000 crore through private placement of unsecured, non-convertible, non-cumulative, redeemable and taxable POWERGRID Bonds – LXXXIV (84th) Issue 2026-27

Published on 21-Sep-2026 09:12

Maruti Suzuki launches automatic S-CNG variants for Swift, Dzire, and Baleno starting at ₹7.92 lakh

In a press release, Maruti Suzuki announced the launch of automatic S-CNG variants of the Swift, Dzire and Baleno, addressing customers seeking both CNG’s running-cost benefits and automatic driving convenience. 

Published on 21-Sep-2026 09:11

India's Textile Exports Jump 16.1% to ₹29,776 Cr in August, Apr-Aug Exports Reach ₹1.43 Lakh Cr

India’s textile exports increased 16.1% YoY to Rs.29,776cr in August 2026, taking cumulative April-August exports to Rs.1.43 lakh cr (+10.3% YoY). 

Published on 21-Sep-2026 09:10

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

Get it on google Play Store Download on the App Store
market app