India's Dollar Industries' FY22 revenue stands at ₹1,356 cr

The operating revenue for Q4 FY22 stood at ₹373.01 crore as compared to ₹308.31 crore for Q4 FY21, thus growing by 20.98 per cent, while that of FY22 stood at ₹1,350.32 crore compared to ₹1,036.95 in FY21, recording a growth of 30.22 per cent, the company said in a media statement.

EBITDA for Q4 FY22 was ₹59.16 crore i.e., 15.70 per cent as opposed to ₹33.24 crore i.e., 10.71 per cent in Q4 FY21. The same for the full fiscal 2022 was ₹223.23 crore i.e., 16.45 per cent as compared to ₹141.56 crores i.e., 13.61 per cent for FY21. PAT for Q4 FY22 and FY22 stood at ₹37.10 crore i.e., 9.85 per cent and ₹145.87 crore i.e., 10.75 per cent, respectively.

Dollar Industries Limited also shared its Vision 2025 and unveiled a special Logo to mark its 50^th year. As a part of its Vision 2025, Dollar has earmarked ₹120 crore for expansion and new launches. Dollar would be adding one more spinning mill in Dindugul and start a new world class warehousing facility in Hosiery Park at Jagdishpur, West Bengal which would act as a centralised despatch centre easing out logistics, enhancing economy of scale, rationalisation of staff and output and facilitating faster delivery.

As a part of the company’s Green Mission initiative, the existing 4MW Solar Power Plant will be increased by 2MW unit taking it up at 6MW. A land has also been purchased in Tiruppur where the knitting unit will be expanded. The company would open 125 Exclusive Brand Outlets, mostly in Tier 2 and Tier 3 cities, by 2025.

This year will also see Dollar foraying into women’s lingerie segment in a major way with the launch of varied range of products like everyday bra, t-shirt bra, sports bra, beginners bra, strapless bra, sleep bra and nursing bra under the Dollar Woman category, the release added.

“Steady and sustained growth, based on a clear vision has enabled Dollar Industries to become a global brand. The foundation of the group is based on two core values: Quality and Excellence in the pursuit of realising our goals. By focussing on these and the commitment to offer the best to our customers to meet their growing needs, have been the underlying factors of the groups' success. I am glad that we have followed these principles over the last 50 years,” said Din Dayal Gupta, founder and chairman emeritus, Dollar Industries Limited.

Fibre2Fashion News Desk (KD)