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Dollar Industries aims for inorganic growth with M&A

13
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


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