Dollar Industries Reports Modest Growth In Q1 FY25
Dollar Industries Ltd, a prominent name in the garment and hosiery sector, announced its financial results for the first quarter of FY25.
Key Financial Highlights:
- Total Income: Rs 33,443 lakh, reflecting a 1.7% year-over-year (YoY) growth from Rs 32,891 lakhs in Q1 FY24.
- Gross Profit: Rs 11,887 lakh, up 12.1% YoY, with a gross profit margin expanding by 330 basis points (bps) to 35.6%.
- EBITDA: Rs 3,630 lakh, a significant increase of 30.7% YoY. EBITDA margin expanded by 241 bps to 10.9%.
- PAT: Rs 1,530 lakh, a 5.3% rise YoY, with a PAT margin of 4.6%.
Strategic Initiatives and Future Outlook:
The company continues to experience robust demand and a growing share of higher-margin products in its portfolio. Revenue from e-commerce surged by 161.4% YoY, while exports grew by 17.5% YoY.
Project Lakshya remains a focal point, with 11 new distributors onboarded in Q1 FY25. The project contributed 31.1% of revenue, up from 26.3% in FY24. Dollar Industries aims to increase Project Lakshya’s revenue contribution to 65-70% by FY26, leveraging SAP’s advanced technology for more effective execution.
Vinod Kumar Gupta and Binay Kumar Gupta, Managing Directors of Dollar Industries Ltd, expressed optimism about the company’s strategic initiatives and their potential to drive future growth in both revenue and profitability.
