Dollar Industries announces Q3 FY21 results

Dollar Industries Limited,
one of the leading garment and hosiery companies in the country have announced
its financial results for the quarter ended December 31st, 2020.

 

Highlights for Q3 &
9MFY21 Standalone Financials

  

·      
Total Revenue for Q3FY21 & 9MFY21 stood at Rs 312.44
& Rs 730 crore as compared to Rs 255.43 & Rs 733.14 crore for Q3FY20
and 9MFY20 growth of 22.32 per cent for Q3FY21 and de-growth of 0.43 per cent
for 9MFY21.

 

·      
Operating Revenue for Q3FY21 & 9MFY21 stood at Rs 311.79
& Rs 728.64 crore as compared to Rs 254.81 & Rs 731.65 crore for
Q3FY20& 9MFY20, growth of 22.36 per cent for Q3FY21 and de-growth of 0.41
per cent for 9MFY21.

 

·      
EBITDA for Q3FY21 & 9MFY21 stood at Rs 43.81 crore i.e.
14.02 per cent & Rs 108.32 crore i.e. 14.84 per cent as compared to Rs
33.94 crore i.e. 13.29 per cent & Rs 85.07 crore i.e. 11.60 per cent for Q3FY20&
9MFY20, growth of 29.09 per cent & 27.32 per cent for Q3FY21 & 9MFY21.

 

·      
PAT for Q3FY21 & 9MFY21 stood at Rs 28.38 crore i.e. 9.08
per cent & Rs 68.07 crore i.e. 9.32 per cent as compared to Rs 19.58 crore
i.e. 7.67 per cent & Rs 46.58 crores i.e. 6.35 per cent for Q3FY20 9MFY20,
growth of 44.95 per cent & 46.11 per cent for Q3FY21 & 9MFY21.

 

Commenting on the results,
Vinod Kumar Gupta, Managing Director,
Dollar Industries said, “The company crossed the mark of Rs 300 crore of
turnover this quarter. Also, this quarter the industry witnessed a sharp
increase in prices of cotton and yarn starting November, 2020. It will take a
while before the prices stabilize for yarn. The company continues its journey
of growth working on revamping the distribution channel and digitisation. We
look forward to a bullish Q421.”

 

From a humble beginning as
a hosiery brand to a leading name in the innerwear segment, Dollar Industries
Limited ranks among the top hosiery and garment manufacturing giants in India,
covering an entire range of knitted garments, from basic wear to outerwear. Behind
its success lay a saga of business transformation, dedication, courage and
confidence to swim against the tide and go beyond the call of duty. The focus
has always remained on the demanding needs of a globalized world and
end-customer satisfaction. Today through its advanced quality products, Dollar
has focused on achieving global excellence in cost, quality and productivity.
The styles introduced by Dollar have always stayed in tune with the latest
fashion.

Dollar Industries Limited
holds 15 per cent of the total market share in the organised segment and is the
first Indian innerwear company to have a fully integrated manufacturing unit
which is equipped with all the latest processing technology and the top-most
finishing range to produce finished raw material dyed in any possible colour.