Dollar Industries Ltd reported a 5 per cent rise in net profit to Rs. 15 crore for the April-June quarter, compared to Rs. 14 crore in the same period last year.
The company’s revenue for the quarter grew by 2 per cent, reaching Rs. 334 crore, up from Rs. 328 crore in the corresponding quarter of the previous fiscal year.
Vinod Kumar Gupta, Managing Director of Dollar Industries Ltd, remarked, “Our e-commerce revenue surged 161.4 per cent year-over-year, now contributing 5.5 per cent of our total revenue. Additionally, our exports business grew 17.5 per cent year-over-year. Project Lakshya continues to drive growth, with 11 new distributors onboarded in Q1 FY ’25, increasing its contribution to 31.1 per cent, compared to 26.3 per cent in FY ’24.”
He added, “We are witnessing strong demand and an increasing share of higher-margin products in our portfolio. This, combined with our strategic initiatives, positions us well to achieve our growth targets in both revenue and profitability.”
Kolkata-based Dollar Industries Ltd is a leading player in the innerwear and athleisure segment with a strong nationwide presence.
