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Dollar Industries announces Q3 FY21 results

Feb 05, 2021
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.