Dollar Industries Ltd Q1 net profit rises 5 percent to Rs 15 crore

Dollar Industries Ltd reported a 5 percent increase in net profit to Rs 15 crore ($1.8 million) for the April-June quarter, as against Rs 14 crore in the year-ago quarter.

The company’s revenue for the quarter rose by 2 percent to Rs 334 crore, as against Rs 328 crore in the corresponding quarter of the previous fiscal year.

Commenting on the results, Vinod Kumar Gupta, managing director of Dollar Industries Ltd in a statement said, “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 Q1 FY25, we onboarded 11 new distributors under this initiative, increasing its contribution to 31.1%, up from 26.3% in FY24.”

“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,” he added.

Kolkata-based Dollar Industries Ltd is one of the leading players in the innerwear and athleisure segment with a strong presence across the country.