Dollar Industries Ltd. Results

H1FY25 & Q2FY25 Result Announced for Dollar Industries Ltd.

Apparels & Accessories company Dollar Industries announced H1FY25 & Q2FY25 results Q2FY25 Financial Highlights: Total income of Rs 44,802 lakh in Q2FY25, registering a growth of 34.0% QoQ and 8.5% YoY. Gross Profit of Rs 14,967 lakh in Q2FY25, registering a growth of 25.9% QoQ and 11.3% YoY. Gross Margin was at 33.5%, expanding 90 basis points YoY. EBITDA of Rs 5,007 lakh in Q2FY25, growing 37.9% QoQ and 18.5% YoY. EBITDA Margin was at 11.2%, expanding to 94 bps basis points YoY. PAT of Rs 2,651 lakh in Q2FY25, up 73.2% QoQ and 6.6% YoY and. PAT Margin was at 5.9%. EPS stood at Rs 4.67 in Q2FY25 as against Rs 4.38 in Q2FY24 H1FY25 Financial Highlights: Total income of Rs 78,244 lakh in H1FY25, registering a growth of 5.5% YoY. Gross Profit of Rs 26,854 lakh in H1FY25, registering a growth of 11.6% YoY. Gross Margin was at 34.4%, expanding 192 bps basis points YoY. EBITDA of Rs 8,637 lakh in H1FY25, growing 23.3% YoY. EBITDA Margin was at 11.0%, expanding to 160 basis points YoY. PAT of Rs 4,182 lakh in H1FY25, up 6.1% YoY. PAT Margin was at 5.3%. EPS stood at Rs 7.37 in H1FY25 as against Rs 6.95 in H1FY24. Vinod Kumar Gupta and Binay Kumar Gupta, Managing Directors, Dollar Industries, said: “We are pleased to announce that our Total Income rose by 34.0% QoQ and 8.5% YoY, reaching Rs44,802 lakh for Q2FY25, and increased by 5.5% YoY reaching Rs 78,244 lakh in H1FY25. Gross Profit increased by 25.9% QoQ and 11.3% YoY, reaching Rs 14,967 lakh in Q2FY25. It rose by 11.6% YoY to Rs 26,854 lakh in H1FY25. Gross Profit Margin stood at 33.5% for Q2FY25 and 34.4% for H1FY25. EBITDA improved significantly, with a 37.9% QoQ and 18.5% YoY growth to Rs 5,007 lakh for Q2FY25, and a 23.3% YoY increase to Rs 8,637 lakh for H1FY25. EBITDA Margin was at 11.2% in Q2FY25 and 11.0% in H1FY25. Our PAT (Profit After Tax) rose by 73.2% QoQ and 6.6% YoY in Q2FY25, reaching Rs 2,651 lakh, and grew by 6.1% YoY in H1FY25, reaching Rs 4,182 lakh. PAT Margin was at 5.9% in Q2FY25 and 5.3% in H1FY25. Notably, revenue from E-Commerce increased by an impressive 210.8% YoY in Q2FY25 and 187.4% YoY in H1FY25, accounting for 5.4% of revenue in H1FY25. In Q2FY25, Force NXT achieved a YoY value growth of 29.7% and volume growth of 37.9%. The company remains firmly committed to advancing Project Lakshya. We onboarded 17 new distributors in H1FY25, raising its revenue contribution to 30.6%, up from 26.3% in FY24. By FY26, 65-70% of revenue is expected to be contributed by distributors under Project Lakshya; a milestone that will drive market share expansion and margin improvement. With strong and sustained demand and a rising share of higher-margin products in our portfolio, along with ongoing strategic initiatives, we are well-positioned to meet our revenue and profitability targets in the coming period.”

Q1FY25 Quarterly Result Announced for Dollar Industries Ltd.

Apparels & Accessories company Dollar Industries announced Q1FY25 results: Total income of Rs 33,443 Lakh in Q1FY25, registering a growth of 1.7% YoY Gross Profit of Rs 11,887 Lakh in Q1FY25, registering a growth of 12.1% YoY. Gross Margin was at 35.6%, expanding 330 basis points YoY EBITDA of Rs 3,630 Lakh in Q1FY25, growing 30.7% YoY. EBITDA Margin was at 10.9%, expanding 241 basis points YoY PAT of Rs 1,530 Lakh in Q1FY25 against Q1FY24 PAT of Rs 1,453 Lakh, up 5.3% YoY. PAT Margin was at 4.6%, expanding 16 basis points YoY EPS stood at Rs 2.70 in Q1FY25 as against Rs 2.56 in Q1FY24 Commenting on the results, Vinod Kumar Gupta and Binay Kumar Gupta, Managing Directors, Dollar Industries said: “We are pleased to state that during Q1FY25, our Total Income stood at Rs 33,443 Lakh, an increase of 1.7% year-over-year. Gross profit in Q1FY25 grew 12.1% YoY to Rs 11,887 Lakh, and GP margin expanded by 330 bps YoY to 35.6%, whereas EBITDA grew by 30.7% YoY to Rs 3,630 Lakh. EBITDA margin expanded by 241 bps YoY to 10.9%. The company achieved PAT of Rs 1,530 Lakh in Q1FY25, up by 5.3% against the same quarter of the previous year, registering a PAT margin of 4.6%. Revenue contribution from E-Commerce surged by 161.4% year-over-year, reaching 5.5%. Meanwhile, our exports business experienced a year-over-year growth of 17.5%. The company is dedicated to driving the growth and success of Project Lakshya. In Q1FY25, we onboarded 11 new distributors under this initiative, increasing its contribution to 31.1%, up from 26.3% in FY24. We aim Project Lakshya distributors to contribute 65-70% of our revenue by FY26, a target that will significantly boost our market share and improve margins. In addition, the integration of SAP's advanced technology will provide a crucial boost to the implementation of Project Lakshya. With SAP, we will have access to end-to-end data, enabling more effective and efficient execution of our strategies. Our company is experiencing robust demand and a growing share of higher-margin products in our portfolio. This positive trend, along with our strategic initiatives, positions us strongly to achieve our targeted growth in both revenue and profitability in the near future.”

Q4FY24 Quarterly & FY24 Annual Result Announced for Dollar Industries Ltd.

Apparels & Accessories company Dollar Industries announced Q4FY24 & FY24 results: Q4FY24 Financial Highlights: Highest ever Total income of Rs 50,204 Lakhs in Q4FY24, registering a growth of 23.2% YoY Gross Profit of Rs 15,305 Lakhs in Q4FY24, registering a growth of 53.6% YoY. Gross Margin was at 30.6%, expanding 609 basis points YoY EBITDA of Rs 5,924 Lakhs in Q4FY24, growing 372.0% YoY. EBITDA Margin was at 11.8%, expanding 872 basis points YoY PAT of Rs 3,309 Lakhs in Q4FY24 against Q4 FY23 PAT of Rs 55 Lakhs, up 5911.8% YoY. PAT Margin was at 6.6%, expanding 646 basis points YoY EPS stood at Rs 5.83 in Q4FY24 as against Rs 0.10 in Q4 FY23 FY24 Financial Highlights: Highest ever Total income of Rs 1,57,677 Lakhs in FY24, registering a growth of 12.7% YoY Gross Profit of Rs 50,588 Lakhs in FY24, registering a growth of 22.6% YoY. Gross Margin was at 32.2%, expanding 256 basis points YoY EBITDA of Rs 16,314 Lakhs in FY24, growing 58.4% YoY & EBITDA Margin was at 10.3%, expanding 298 basis points YoY PAT of Rs 9,020 Lakhs in FY24 against FY23 PAT of Rs 5,254, up 71.7%. PAT Margin was at 5.7%, expanding 196 basis points YoY. EPS stood at Rs 15.90 as against Rs 9.26 in FY23. Dividend of Rs 3 per share recommended by the Board, subject to Shareholder’s approval Commenting on the results, Vinod Kumar Gupta and Binay Kumar Gupta, Managing Directors, Dollar Industries Limited said: “We are happy to announce that the company achieved strong all-round growth both in the fourth quarter and in full year FY24. In Q4FY24, the company recorded its highest-ever quarterly income of Rs50,204 Lakhs, marking a 23.2% year-over-year increase. For the full year, total income stood at Rs1,57,677 Lakhs, reflecting a 12.7% YoY growth. Additionally, the company saw a volume growth of 17.6% YoY in Q4FY24 and 21.4% YoY for the entire FY24. Gross profit in Q4FY24 grew 53.6% YoY to Rs 15,305 Lakhs, as GP margin expanded by 609 bps YoY to 30.6%, whereas EBITDA grew sharply by 372.0% YoY to Rs 5,924 Lakhs. EBITDA margin expanded by 872 bps YoY to 11.8%. For FY24, Gross profit grew 22.6% YoY to Rs 50,588 Lakhs, as GP margin expanded by 256 bps to 32.2%, whereas EBITDA grew by 58.4% to Rs 16,314 Lakhs. EBITDA margin expanded by 298 bps YoY, crossing the 10% mark. The company achieved PAT of Rs 3,309 Lakhs in Q4FY24, up by 5,911.8% against the same quarter of the previous year, registering a PAT margin of 6.6%. For FY24, the company achieved PAT of Rs 9,020 Lakhs, showing a growth of 71.7% YoY, registering a PAT margin of 5.7% We are also happy to announce that the Board of Directors has recommended a Dividend of Rs 3 per share, subject to Shareholders’ approval, which is 150% of the face value. The company remains steadfast in its commitment towards continued growth and success of Project Lakshya, and we have added 61 distributors under this project in FY24. The contribution of Project Lakshya distributors stood at 26.3% in FY24, up from 18.6% in FY23. We target Project Lakshya distributors to contribute 65-70% of our revenue by FY26, and this will go a long way in increasing our market share and improving margins. Our company is experiencing robust demand and an increasing proportion of higher-margin products in our portfolio. This positive trend positions us well to achieve our desired topline and bottom-line growth in the near future.”

Q1FY24 Quarterly Result Announced for Dollar Industries Ltd.

Apparels & accessories company Dollar Industries announced Q1FY24 results: Total revenue of Rs 31,958.25 lakh in Q1FY24 compared to Rs 36,422.16 lakh in Q1FY23, down 12.26% YoY Gross profit of Rs 10,315.52 lakh in Q1FY24 compared to Rs 12,268.79 lakh in Q1FY23, down 15.92% YoY EBITDA of Rs 2,544.58 lakh in Q1FY24 compared to Rs 3,977.20 lakh in Q1FY23, down 36.02% YoY PBT of Rs 1,782.19 lakh in Q1FY24 compared to Rs 3,253.32 lakh in Q1FY23, down 45.22% YoY PAT of Rs 1,409.57 lakh in Q1FY24 compared to Rs 2,787.08 lakh in Q1FY23, down 49.43% YoY Commenting on the results, Vinod Kumar Gupta, Managing Director, Dollar Industries said, “The financial results for Q1FY24 indicate that the Company has given favorable margins as compared to previous quarter Q4FY23. FY23 was very challenging for the hosiery industry due to volatile raw material prices and high-cost inventory and it had a domino effect on our Q1FY24 financial results as well if we compare it with Q1FY23. But things have started to stabilize now and the effect of the same can be seen in our margins which have improved from the previous quarter. Overall we expect FY24 to be good with good demand for the products and controlled raw material prices will help us to maintain our margins." "Our commitment to sustainability remains a top priority. We continue to implement environmentally friendly practices throughout our operations, focusing on reducing our carbon footprint and promoting responsible manufacturing processes. For this company has planned a capital expenditure of Rs 35 crore towards power generation capacity through Solar Power which would generate 6 MW of power. This capital expenditure would help us in reducing our operational costs and will improve margins. The company’s flagship Project Lakshya has done well and has increased the share of revenue contribution in the domestic sales from 19% in FY23 to 27% in Q1FY24. It has shown volume growth of 13% on a YoY basis. The company has added 20 distributors in Q1FY24 under project Lakshya. The company has started rollouts of Distributors in Tamil Nadu and Kerala. We are confident of our long-term growth on the back of Project Lakshya, industry, and economic drivers," said Ajay Kumar Patodia, Chief Financial Officer.