Home / Knowledge / News / Apparel/Garments / Dollar Industries aims for inorganic growth with M&A

Dollar Industries aims for inorganic growth with M&A

Sep '18
Courtesy: Dollar Industries
Courtesy: Dollar Industries
Dollar Industries Limited is aiming for inorganic growth through merger and acquisition (M&A). To boost its growth further, the Kolkata-headquartered company is eyeing for substantial number of EBOs, SIS's (Shop in Shop) and kiosks across major cities of India. The focus of the company lies in the product expansion of Force NXT and Dollar Missy.

The company has achieved gross revenue of ₹984.53 crore for the year 2017-18 by registering a growth of 10.93 per cent. The margins of the company have shown a steady growth as seen from year to year comparison. The EBIDTA grew to ₹125.87 crore in the reported period from ₹101.31 crore in 2016-17. The PBT margin was at ₹95.81 crore against Rs 66.75 crore in the year 2016-17. The distributable profits (PAT) increased to ₹64.01 crore in 2017-18 from ₹43.49 crore in the year 2016-17.

“Our annual general meeting went off well and we are very happy with the outcome. Indian Hosiery market is looking positive and promising, and at this point we are focusing on manifesting quality products at affordable cost. We are aiming to become One Stop Apparel Brand of India, for this we wanted to praise all our employees for their professionalism and highlight the complementary attributes towards the growth of the Company. Our motive was to encourage all our shareholders while answering their queries. We gave an assurance to our shareholders that they will grow with the company. We need their support to strengthen our services. We also hope to continue performing well and make our customers happy," said Vinod Kumar Gupta, managing director, Dollar Industries Limited.

During 2017-18, fashion brand Pepe Jeans entered in a joint venture (JV) with Dollar Industries for Pepe Jeans London. The company will manufacture and market in India a premium range of fashion innerwear, loungewear, gym-wear, sleepwear and track suits for adults and kids under the brand name 'Pepe Jeans London'. In the next 2 months the products are likely to be launched in the Indian market and will give a boost in the consolidated turnover of the company. (RR)

Fibre2Fashion News Desk – India

Must ReadView All

Pic: Clariant

Textiles | On 15th Jul 2020

PolyOne buys colour masterbatch businesses of Clariant

PolyOne Corporation, a global provider of specialised polymer...

Pic: Thiti Sukapan / Shutterstock.com

Apparel/Garments | On 15th Jul 2020

Japan's clothing imports down 6.2% in 2019-20

Japan’s imports of clothing and accessories decreased by 1.5 per cent ...

Pic: CGS

Retail | On 15th Jul 2020

US, UK buyers ready to pay more for sustainability: survey

The United Kingdom is home to more eco-friendly consumers, but both...

Interviews View All

Smith Vaghasia, Sanado India

Smith Vaghasia
Sanado India

Online remains the best destination for shopping

Marazban F Velati, Sutlej Textiles & Industries limited

Marazban F Velati
Sutlej Textiles & Industries limited

No training can be effective till the candidate believes in it.

Textile Industry, Head honchos

Textile Industry
Head honchos

Indian apparel industry looks poised for slow death

Sandra Sequeira,

Sandra Sequeira

The JD Institute of Fashion Technology is the educational division of JD...

Rajesh Vig & Ritu Vig,

Rajesh Vig & Ritu Vig

Rajesh Vig and Ritu Vig, promoters of the kidswear brand Happy Feet,...

Siddhant Sinha,

Siddhant Sinha

Set up by Pradeep Sinha, a graduate engineer from Manipal Institute of...

Prof Seokheun (Sean) Choi, Binghamton University, State University of New York (SUNY)

Prof Seokheun (Sean) Choi
Binghamton University, State University of New York (SUNY)

A team of researchers from the State University of New York (SUNY),...

Ian Russell, Pireta

Ian Russell

UK-based Pireta has developed a unique free-form process to add durable,...

Daniel Kaye, RocketLife

Daniel Kaye

<div>RocketLife, an award-winning developer of breakthrough visual...

Tony Ward, Tony Ward

Tony Ward
Tony Ward

"You have to truly understand what your client wants, know her needs, what ...

Rajesh Pratap Singh, Rajesh Pratap Singh

Rajesh Pratap Singh
Rajesh Pratap Singh

<div>Ace fashion designer <b>Rajesh Pratap Singh</b> has used Tencel to...

Jay Ramrakhiani, Occasions Elegance Wear

Jay Ramrakhiani
Occasions Elegance Wear

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

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


Letter To Editor

(Max. 8000 char.)

Search Companies


Leave your Comments

July 2020

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

Advanced Search