Home / Knowledge / News / Apparel/Garments / Dollar Industries net profit up 48% in 2017-18
Dollar Industries net profit up 48% in 2017-18
30
May '18
Courtesy: Dollar Industries
Courtesy: Dollar Industries
The consolidated profit after tax at Dollar Industries Limited, one of the top hosiery brands in India, stood at ₹64.25 crore for financial year 2017-18 as against ₹43.46 crore during the previous fiscal, a rise of approximately 48 per cent. The company registered total revenue of ₹984.52 crore for 2017-18 as against ₹887.53 crore during 2016-17.

Dollar’s profit before tax stood at ₹95.8 crore for 2017-18 as against ₹66.75 crore during the previous fiscal, a rise of approximately 43 per cent, the company said in a press release.

The Kolkata-based company has Missy, Bigboss, Champion, Ultra Thermals under the brand Dollar and premium brands Force NXT and Force Go Wear. It has promoted Shashi Agarwal to the role of senior vice president–corporate strategy. Lalit Chand Sharma has taken over as the new chief financial officer of the company.

“We are aggressively looking for inorganic growth through M&A. To boost the growth further, the company is eyeing for substantial number of EBOs, shop-in-shops and kiosks across major cities of India. The company migrated into NSE on April 21, 2017 and has got in-principle approval for listing on BSE,” said Vinod Kumar Gupta, managing director, Dollar Industries.

The company is currently focusing on expansion of Force NXT and Dollar Missy. (RKS)

Fibre2Fashion News Desk – India


Must ReadView All

FDI to be hit if EU withdraws GSP benefit to Myanmar: DICA

Apparel/Garments | On 13th Nov 2018

FDI to be hit if EU withdraws GSP benefit to Myanmar: DICA

Foreign direct investments (FDI) in Myanmar will be hit if the...

British luxury brands eye US market post Brexit

Fashion | On 13th Nov 2018

British luxury brands eye US market post Brexit

British luxury brands are exploring the US market to forge new and...

UK parliament panel asks fast fashion firms for answers

Apparel/Garments | On 13th Nov 2018

UK parliament panel asks fast fashion firms for answers

The Environmental Audit Committee in the United Kingdom has called on ...

Interviews View All

Siddharth Biyani, Mangalam Industries Pvt Ltd

Siddharth Biyani
Mangalam Industries Pvt Ltd

‘The manufacturing sector is improving day-by-day, becoming better in...

Krishnanand Tripathi, Textrade International Ltd

Krishnanand Tripathi
Textrade International Ltd

We believe in vocational education for entry-level employees, offering...

Top executives, Retailers

Top executives
Retailers

Weak rupee breeds inflation

Tom Adeyoola,

Tom Adeyoola

Describing itself as the best body shape and garment fit company in the...

C Dhandayuthapani,

C Dhandayuthapani

MAG Solvics Private Limited was established in 1991 to design and develop...

Akshat Chaudhary,

Akshat Chaudhary

Aizome, Asia's first Fairtrade denim brand, is all set to launch next...

Steve Cole, Xerium Technologies

Steve Cole
Xerium Technologies

Steve Cole of Xerium Technologies discusses the industry. Xerium is the...

Mohammad Hassan, Biax Fiberfilm

Mohammad Hassan
Biax Fiberfilm

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

Justin Chan & Shyam Gollakota, University of Washington

Justin Chan & Shyam Gollakota
University of Washington

A fabric that can store data without any electronics or batteries has been ...

Vaanee Bhatia, Gritstones Clothing

Vaanee Bhatia
Gritstones Clothing

<div>Delhi-based Gritstones Clothing offers quality and exemplary style...

Sonam & Paras Modi, SVA

Sonam & Paras Modi
SVA

Sonam and Paras Modi's Sva Couture is synonymous with head-turning...

Igor Chapurin, Chapurin

Igor Chapurin
Chapurin

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

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

Leave your Comments


November 2018

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

news category


Related Categories:

Advanced Search