Dollar Industries Ltd Q2 net profit rises 7 percent to Rs 265 crore

Dollar Industries Ltd, a leading player in the garment & hosiery business reported a 7 percent increase in net profit to Rs 27 crore ($3.2 million) for the second quarter ended September 30, as against Rs 25 crore in the year-ago quarter.

The company’s revenue for the quarter rose by 8 percent to Rs 447 crore, as against Rs 413 crore in the corresponding quarter of the previous fiscal year.

During the April-September period, the company onboarded 17 new distributors under Project Lakshya raising its revenue contribution to 31 percent. By financial year 2026, it expects 65-70 percent of revenue contribution by distributors under Project Lakshya.

Commenting on the results, Vinod Kumar Gupta and Binay Kumar Gupta, managing directors at Dollar Industries Limited in a joint statement said, “We are pleased to announce that our total Income rose by 8.5% year-on-year (YoY), reaching Rs 44,802 lacs for Q2 FY25, and increased by 5.5% YoY reaching Rs 78,244 lacs in H1 FY25. Our profit after tax rose by 6.6% YoY in Q2 FY25, reaching Rs 2,651 lacs.”

“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,” they added.

Dollar Industries Ltd is a leading name in the innerwear segment in India and claims to hold 15 percent of the total market share in the organized segment.