Rewind 2021 and prospects for 2022 Rewind 2021 and prospects for 2022
Home / Knowledge / News / Apparel/Garments / Dollar Industries registers Rs 906 cr turnover in FY17
Dollar Industries registers Rs 906 cr turnover in FY17
May '17
Courtesy: Dollar Industries
Courtesy: Dollar Industries
Hosiery major Dollar Industries Limited registered a turnover of Rs 906 crore for the FY 2016-17 as against Rs 830 crore during the previous year of FY 2015-16, as per the audited financial result, recording a revenue growth of 9.15 per cent. Revenue for Q4 FY17 was Rs 282 crore, witnessing a growth of 23.24 per cent as against Rs 229 crore for Q4 FY16.

Profit After Tax (PAT) grew by 64.95 per cent to Rs 43.46 crore during fiscal 2017. Earnings Before Interest, Taxes, Depreciation and Amortisation (EBIDTA) also witnessed a growth of 36.74 per cent standing at Rs 101.19 crore. The export revenue of the company stood at Rs 72.24 crore. To boost its growth further, the company is eyeing for substantial number of EBOs across major cities of India by the end of 2020 which would be operated by a franchise model.

"FY 2016-17 was the most challenging year for the hosiery industry due to demonetisation followed by escalating cotton prices across the world. But we have been able to record a higher growth in operating profit than the industry standards. It has been a satisfying year for us at Dollar Industries with the brand making inroads in newer territories and also consolidating its position in the existing hosiery markets in India and abroad," said Vinod Gupta, managing director, Dollar Industries Limited.

"We are committed to maintain the topline growth of the company 15-20 per cent YOY. We are making efforts to improve EBITDA and PAT margins and aiming to achieve 15 per cent EBITA in next three years. We have achieved market penetration of 88 per cent across India which is a result of the team’s aggressive marketing and advertising strategy backed by superior product range, technology upgradation and capacity expansion," added Gupta.

Dollar Industries is the only hosiery and knitwear company in India having fully integrated production unit which has spinning capacity of 400 tonnes per month, knitting capacity of 300 tonnes per month and dyeing and bleaching capacity of 400 tonnes per month, elastic manufacturing capacity of 10,00,000 metres per month and cutting capacity of 3,00,000 pieces per day. The company has also invested in wind power of 5 MW and an effluent treatment plant with zero liquid discharge.

"The company is going to be asset light. Moreover, we would be increasing our presence across India with special emphasis on consolidating the existing market. Our new diversifications in terms of products will see a nationwide rollout. We have received encouraging responses in the online platform both in terms of visibility and e-commerce. We will push the e-commerce sales up to the maximum percentage in our total turnover. Moreover ‘super premium category’ will be the prime focus for Dollar Industries Ltd in the coming days”, added Gupta.

The number of distributors for Dollar Industries Ltd has grown from 550 in FY 2009-10 to 850+ in FY 2016-17. The company has also increased the reach across MBOs from 30,000 in FY 2010-11 to over 80,000 in FY 2016-17. The company is diversifying its product range and will soon introduce more variants in sleepwear, lounge wear, activewear and sportswear. (KD)

Fibre2Fashion News Desk – India

Must ReadView All

Pic: Shutterstock

Textiles | On 28th Jan 2022

Real US GDP rose at 6.9% annual rate in Q4 2021: BEA

Real US gross domestic product (GDP) increased at an annual rate of...

Pic: Shutterstock

Apparel/Garments | On 28th Jan 2022

Egypt’s garment exports rise by 41% to $2.49 bn in 2021 over 2020

The Egyptian apparel sector’s exports rose by 41 per cent in 2021 to...

Pic: Prasit Rodphan | Dreamstime.com

Textiles | On 28th Jan 2022

Cambodia-Vietnam trade volume touches $9.3 bn in 2021

Cambodia-Vietnam trade volume touched $9.3 billion last year—a rise...

Interviews View All

Water stewardship, Stakeholders

Water stewardship

Water use efficiency remains relatively unexplored

Textile Industry, Head honchos

Textile Industry
Head honchos

Always best to produce under own supervision

Textile Industry, Head honchos

Textile Industry
Head honchos

Occam's razor principle and purpose-driven innovations

Sanjay Vakharia,

Sanjay Vakharia

One of the first few Indian denim brands, Spykar, established in 1992, was ...

Shyam Gupta,

Shyam Gupta

Established by <b>Shyam Gupta</b> in 1978, Gargee Designer's (GD) offers...

Ujjval Saraf,

Ujjval Saraf

Founded by Jimmy Lai, Giordano International Ltd, a Hong Kong based...

Shaan Sethi, Jaanuu

Shaan Sethi

Jaanuu, a vertically integrated e-commerce company, has reimagined the...

Jacques Prigneaux, EDANA

Jacques Prigneaux

EDANA has been the leading global association and voice of the nonwovens...

Steve McCullough & Marco Weichert, Functional Fabric Fair & Design and Development GmbH Textile Consult respectively

Steve McCullough & Marco Weichert
Functional Fabric Fair & Design and Development GmbH Textile Consult respectively

Functional Fabric Fair is a trade-exclusive event showcasing the latest...

Ritu Kumar, Label - Ritu Kumar

Ritu Kumar
Label - Ritu Kumar

<b>Ritu Kumar</b> is the most respected designerwear brand in India...

Shalini Sharma & Shweta Pundir Sharma, Six Yard Story

Shalini Sharma & Shweta Pundir Sharma
Six Yard Story

Six Yard Story is a premium artisanal brand with a focus to bring handloom ...

Gavin Miguel, Label Gavin Miguel

Gavin Miguel
Label Gavin Miguel

Acclaimed fashion designer <b>Gavin Migue</b>l is known for his couture...

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


Sportswear Company Spa
Sainsbury's Argos Asia Limited
Tchibo GmbH
Chori Company Limited
G-Star Raw C.V.
Aramark Uniform ;& Career Apparel, LLC
C;&A Sourcing International Ltd
T.T. Limited
Phong Phu international JSC (PPJ)
Lululemon Athletica Inc
Alison Hayes Romania
Target Corporation (MN)
Chico’ FAS
Reiter India Private Limited
Gloria Jeans
Desigual - ABASIC, S.A.
Green Fibre
Truetzschler India Private Limited
Gatsby Africa
Landmark Group
Page Industries Limited (Bangalore)
Hela Clothing Pvt Ltd
Eastman Chemical Company
Arvind Limited
NITI Aayog
Lisa S.P.A.
H;&M Hennes ;& Mauritz (Far East) Ltd
Groz-Beckert East Asia LLP
Vardhman Textile Ltd
Calvin Klein
Gokaldas Exports Limited
MAS Active / MAS Kreeda / MAS Bodyline
Tory Burch Hong Kong Ltd
LC Waikiki
Seasalt Limited
The Top Form Brassiere Manufacturing Company Limited
Cat Tuong Real Estate Group Joint Stock Company
Aquarelle Clothing Limited
The LYCRA Company Singapore  Pte. Ltd
IKEA of Sweden AB
Helly Hansen Far East Ltd
Rayonese Textile Inc., Division de Culp Inc.
Amazon China
International Textile Manufacturers Federation
Lenzing Aktiengesellschaft
Recron Polyester from Reliance Industries Limited
Maceton Limited
IDH – The Sustainable Trade Initiative
J ;& P Coats
Bluestem Global Sourcing Limited
Guess Europe Sagl,
Gap International Sourcing Limited
Esprit Europe Services GmbH
Benetton Group
Restoque S.A.
Brandix Lanka Limited
Lacoste (Wanchai)
PVH Corporation
Vianney Textil Hogar S.A. De C.V.
Hirdaramani International Export Private Limited
Boardriders Asia Sourcing Limited
Huntsman (Singapore) Pte Ltd
John Varvatos
Rosset ;& Cia Limited
Etam Group Strategy Hong Kong Limited
Midas Clothing Limited
OVS Hong Kong Sourcing Ltd.
Under Armour Global Sourcing Ltd
Deckers Outdoor (Guangzhou) Consultant Co., LTD.
Sportmaster Ltd.
Grasim Industries Limited
KAS Direct Sourcing
Tommy Hilfiger
Alix Partners

January 2022

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

Advanced Search