Home / Knowledge / News / Apparel/Garments / Turnover more than doubles in 6 yrs at Dollar
Turnover more than doubles in 6 yrs at Dollar
16
Jun '16
Akshay Kumar (L) & Vinod Gupta (R)
Akshay Kumar (L) & Vinod Gupta (R)
Indian hosiery giant Dollar Industries reported its turnover to have more than doubled in a span of six years, from Rs 396 crore in 2010 to Rs 829.94 crore in the fiscal 2015-16, attributed to its mega star Brand Ambassador – Akshay Kumar.

“It has been an overwhelming and satisfying journey for Dollar Industries with the brand making inroads in the hosiery segment, also consolidating its position in India and abroad. Ever since we have signed Mr. Akshay Kumar in 2010 as the Brand Ambassador of Dollar Bigboss, the growth has been exemplary. He is our brand’s lucky mascot,” Vinod Kumar Gupta, MD of Dollar commented.

“We are targeting a turnover of Rs 1000 crore in the current fiscal, and have an aggressive sales and marketing plan to achieve it. We would be increasing our presence across India with special emphasis on South India,” he added.

The company today enjoys a market share of 15 per cent in the branded hosiery segment of India. It is among the top three premium brands in the country.

It also plans to diversify its product category nationwide and to increase the e-commerce share in its turnover. (MCJ)

Fibre2Fashion News Desk - India

Must ReadView All

Courtesy: H&M

Apparel/Garments | On 30th Mar 2017

H&M group's sales increase 7% in 3 months to Feb '17

The H&M group's sales including VAT amounted to SEK 54,369 million...

Textiles | On 30th Mar 2017

Vietnam’s textile & garment exports earn $4bn in Jan-Feb

Vietnam earned $4 billion from textile and garment exports in the...

Textiles | On 30th Mar 2017

India Inc should work for July 1 GST roll out: Fin sec

The Goods and Services Tax (GST) will take India into a very exciting ...

Interviews View All

Abhishek Samdaria
Reflete

GST will certainly reduce a lot of paperwork in future

Sunil Rathore
Lacoste India

‘New vendor is welcome if he offers cost, quality and timely delivery’

Sonia Agarwal
Whitenife

‘The terms eco-friendly and organic are common but everyone perceives them ...

Paolo Ocleppo
Sandvik Hyperion

Paolo Ocleppo, Rotary Cutting Segment manager, Sandvik Hyperion discusses...

Mohammad Hassan
Biax Fiberfilm

About one in every 20 patients picks up an infection while hospitalised....

Giorgio Mantovani
Corman S.p.A

Giorgio Mantovani, MD of Corman, with a presence in both Milano and New...

Igor Chapurin
Chapurin

"Now we can see the Russian trend in international fashion. And Russian...

Jay Ramrakhiani
Occasions Elegance Wear

It is believed that by early 19th century, Varanasi weavers had moved away ...

Pranav Mishra
Huemn

Designers Pranav Mishra and Shyma Shetty’s Huemn is known for its...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH
March 2017

March 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


eNEWS
Insights
Subscribe today and get the latest News update in your mail box.
Advanced Search