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Dollar Industries revenue increases in Q1FY19

Aug '18
Courtesy: Dollar Industries
Courtesy: Dollar Industries
Dollar Industries Ltd has registered an increase in operating revenue of ₹243.65 crore for quarter ended June 30, 2018 as against  ₹235.07 crore during the corresponding period of the previous fiscal. The profit before tax stood at  ₹22.38 crore for Q1 as against  ₹18.39 crore during the corresponding period of last year, a rise of approximately 17 per cent.

The consolidated profit after tax stood at  ₹13.80 crore during April-June 2018, as against  ₹12.51 crore during the corresponding period of last year, an impressive rise of approximately 10.31 per cent. 

“The company is shifting its focus from the primary sales to secondary sales. Journey of the company for achieving its first  ₹1,000 crore was based upon focusing on distribution and primary sales, but now the company is gearing up to focus on increasing retail base to achieve the next  ₹1,000 crore,” said Vinod Kumar Gupta, managing director, Dollar Industries Limited.

The company has Missy, Bigboss, Champion, Ultra Thermals under the brand Dollar and premium brand Force NXT and Force Go Wear. Currently, the company is focused on expanding product portfolio of Force NXT, Dollar Missy and Dollar Bigboss.

Headquartered in Kolkata, Dollar Industries has four manufacturing units in Kolkata, Tiruppur, Delhi and Ludhiana. The company has retail presence in all states across India and is present in more than 95,000+ MBOs. (RKS)

Fibre2Fashion News Desk – India

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