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Indian apparel firm Dollar Industries posts solid start to FY22

09
Aug '21
Pic: Dollar Industries
Pic: Dollar Industries
Dollar Industries Limited, one of India’s leading garment and hosiery companies, has reported 28.7 per cent revenue growth to ₹205.5 crore in first quarter (Q1) of FY22 ended on June 30, 2021, compared to the revenue of ₹159.6 crore in the same period of previous fiscal. The company’s EBITDA for Q1 improved to ₹36.2 crore (Q1 FY21: ₹28.8 crore). 
 
“Despite the market conditions yet to pick up full steam due to COVID restrictions, the Q1 results are indeed encouraging for us as it matched our expectations,” Vinod Kumar Gupta, managing director at Dollar Industries Limited, said in a press release.
 
For the three-month period, profit after tax (PAT) grew 40.6 per cent to ₹23.1 crore (₹16.4 crore), while operating revenue increased 28.3 per cent to ₹204.6 crore (₹159.5 crore).
 
“With a robust plan in place with a focus on the key segments, we expect the coming quarters to be buoyant,” Gupta concluded.

Fibre2Fashion News Desk (JL)


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