Dollar Industries Ltd Q3 net profit up 13 percent to Rs 20 crore

Dollar Industries Ltd reported a 13 percent rise in net profit to Rs 20 crore ($2.3 million) for the third quarter ended December 2024, as against Rs 18 crore in the year ago quarter.

The company’s revenue for the quarter rose by 15 percent to Rs 381 crore, as against Rs 332 crore in the corresponding quarter of the previous fiscal year.

During the quarter, modern trade and e-commerce witnessed 40 percent year-on-year revenue growth while the thermals segment reported growth of 21 percent.

Commenting on the results, Vinod Kumar Gupta, managing director of Dollar Industries Ltd in a statement said, “We are delighted to announce our financial performance for the third quarter and the first nine months of the current fiscal year. Total Income for Q3 FY25 has surged by 14.9% YoY, amounting to Rs 38,245 lacs. In 9M FY25, it has increased by 8.4% YoY, reaching Rs 1,16,490 lacs. Profit After Tax (PAT) has also shown healthy growth. In Q3 FY25, it grew by 12.8% YoY to Rs 1,997 lacs.”

“These figures demonstrate our strategic focus on increasing the share of e-commerce sales and modern trade, as well as enhancing the overall sales and contribution of high-margin products, which are key to achieving our revenue and profitability targets in the coming periods,” he 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.