Dollar Industries Ltd., the company behind India’s leading underwear brand Dollar, has released its financial results for the second quarter and first 6 months of current fiscal.
Total revenue for this quarter and first 6 months stood at Rs. 258.98 and Rs. 419.16 crore as compared to Rs. 243.76 and Rs. 477.71 crore for same period of the last fiscal, respectively.
It witnessed a growth of 6.24 per cent for Q2 of FY21 and de-growth of 12.26 per cent for H1 of FY21.
Vinod Kumar Gupta, MD of the company commented on the results, “We have started normalcy operations both in production and supply chain. The company experts have been working on ways to improve its revenue and curb its expenses which has to achieve the growth in the second quarter both in revenue and profit. We will continue with our endeavour to increase both our top and bottom line.”
Dollar Industries Limited holds 15 per cent of the total market share in the organised segment in its core product category, and ranks amongst the top hosiery and garment manufacturing giants in India. It covers an entire range of knitted garments, from basicwear to outerwear.
The company has a substantial pan-India presence and has established its market abroad, in countries like UAE, Oman, Jordan, Qatar, Kuwait, Bahrain, Yemen, Iraq, Nepal and Sudan in past few years.
It is the first Indian innerwear company to have a fully integrated manufacturing unit which is equipped with all the latest processing technologies and the top-most finishing range to produce finished raw material dyed in any possible colour.
