Hot Pursuit     12-Jun-24
Dollar Inds rises on plan to add 50 new stores
Dollar Industries added 1.90% to Rs 571.55 after the company announced plan to open 50 exclusive brand outlets across South India by 2027.
The company had recorded its highest ever revenue in 2023-24 and it aims for 50% sales growth in South India in 2024–25 by opening 50 outlets across the region.

The wide variety of Dollar products are spread across 6 categories - man, woman, junior, always, thermals & protect.

As a part of the company’s Green Mission initiative, the existing 4 MW solar power plant will be increased by further 2MW unit taking it up at 6MW.

The company stated that it has a goal to reach revenue of Rs 2,000 crore by FY26, and to achieve this revenue, it has already announced a capex in the year 2021, for increasing the capacity of the spinning unit in Tirupur from 22,000 spindles to 42,000 spindles. That capex has already been incurred and very soon the additional production capacity will start which will help the firm internally in production.

Vinod Kumar Gupta, managing director, Dollar Industries, said, “We have received a good response for our products from the Southern markets and consumers have accepted our quality products at affordable prices from the house of Dollar. The acceptance here is evident from our sales growth in these markets. Our domestic sales have recently increased from these markets and stands at around 8%.

With Mahesh Babu now being our brand ambassador for southern market, it will act as a catalyst to boost our brand prominence and sales even more. We are extremely bullish and targeting to garner around 20% of our domestic revenue from South market.”

Dollar Industries is primarily engaged in manufacture and sale of hosiery products in knitted inner wears, casual wears and thermal wears. It also has a Power Generation Unit sourced from Windmill and Solar.

The company reported a consolidated net profit of Rs 33.59 crore in Q4 FY24, steeply higher than Rs 0.43 crore in Q4 FY23. Revenue from operations climbed 23.02% to Rs 499.95 crore in Q4 FY24.

Previous News
  Dollar Industries standalone net profit rises 10.39% in the June 2018 quarter
 ( Results - Announcements 11-Aug-18   12:29 )
  Dollar Industries fixes record date for dividend
 ( Market Beat - Reports 16-Aug-18   18:46 )
  Triveni Turbine Ltd leads losers in 'A' group
 ( Hot Pursuit - 02-Mar-23   15:00 )
  Dollar Industries net profit rises 16.95% in the December 2013 quarter
 ( Results - Announcements 04-Mar-14   14:50 )
  Dollar Industries
 ( Results - Analysis 22-May-24   06:13 )
  Dollar Industries director resigns
 ( Corporate News - 20-Oct-20   19:17 )
  Dollar Industries fixes record date for dividend
 ( Market Beat - Reports 11-Jul-23   14:08 )
  Dollar Industries to convene AGM
 ( Corporate News - 31-May-21   19:47 )
  Dollar Industries standalone net profit declines 80.32% in the December 2022 quarter
 ( Results - Announcements 15-Feb-23   08:00 )
  Dollar Industries
 ( Analyst Meet / AGM - Conference Call 22-May-24   20:35 )
  Dollar Industries fixes record date for dividend
 ( Market Beat - Reports 28-May-19   14:56 )
Other Stories
  Malu Paper Mills Ltd leads gainers in 'B' group
  03-Oct-24   12:15
  ITD Cementation hit life high on Rs 1,937-cr order win
  03-Oct-24   12:14
  ITD Cementation India Ltd leads gainers in 'A' group
  03-Oct-24   12:00
  J.Kumar Infra rises on securing LoA for road project in Thane
  03-Oct-24   11:45
  Transformers and Rectifiers gains on bagging order worth Rs 565-cr
  03-Oct-24   11:16
  Volumes jump at Just Dial Ltd counter
  03-Oct-24   11:00
  PNB records 11% YoY growth in domestic deposits in Q2 FY25
  03-Oct-24   10:55
  Hero MotoCorp total sales spurts 19% YoY in Sep
  03-Oct-24   10:50
  Yes Bank's loan book rises to Rs 2.36 lakh crore in Q2 FY25; deposits up over 18% YoY
  03-Oct-24   10:46
  Dabur India slides on forecasting mid-single digit revenue dip in Q2 FY25
  03-Oct-24   10:46
Back Top