Kolkata, 16th November 2024: Dollar Industries Limited, one of the most trusted names in the Garment & Hosiery business, announced its Q2 result today. The Board of Directors of Dollar Industries Limited at its meeting held on 11th November 2024 took on record the Unaudited Financial Results for the second quarter of the Financial Year 2024-25. Dollar Industries have a robust domestic and international presence spreading over more than 15 countries.
| Financial Summary | Q2FY25 | Q2FY24 | YoY% | Q1FY25 | QoQ% | H1FY25 | H1FY24 | YoY% | FY24 |
| Total Income | 44,802 | 41,305 | 8.5% | 33,443 | 34.0% | 78,244 | 74,196 | 5.5% | 1,57,677 |
| Gross Profit | 14,967 | 13,446 | 11.3% | 11,887 | 25.9% | 26,854 | 24,058 | 11.6% | 50,588 |
| Gross Profit Margin | 33.5% | 32.6% | 90 bps | 35.6% | (212 bps) | 34.4% | 32.5% | 192 bps | 32.2% |
| EBITDA | 5,007 | 4,227 | 18.5% | 3,630 | 37.9% | 8,637 | 7,004 | 23.3% | 16,314 |
| EBITDA Margin | 11.2% | 10.2% | 94 bps | 10.9% | 32 bps | 11.0% | 9.4% | 160 bps | 10.3% |
| PAT | 2,651 | 2,487 | 6.6% | 1,530 | 73.2% | 4,182 | 3,940 | 6.1% | 9,020 |
| PAT Margin | 5.9% | 6.0% | (10 bps) | 4.6% | 134 bps | 5.3% | 5.3% | 3 bps | 5.7% |
| EPS (in ₹) | 4.67 | 4.38 | 6.6% | 2.70 | 73.2% | 7.37 | 6.95 | 6.1% | 15.90 |
Commenting on the results, Mr. Vinod Kumar Gupta and Mr. Binay Kumar Gupta, Managing Directors, Dollar Industries Limited said:
“We are pleased to announce that our Total Income rose by 34.0% QoQ and 8.5% YoY, reaching ₹44,802 lacs for Q2 FY25, and
increased by 5.5% YoY reaching ₹78,244 lacs in H1 FY25.
Gross Profit increased by 25.9% QoQ and 11.3% YoY, reaching ₹14,967 lacs in Q2 FY25. It rose by 11.6% YoY to ₹26,854 lacs in H1
FY25. Gross Profit Margin stood at 33.5% for Q2 FY25 and 34.4% for H1 FY25.
EBITDA improved significantly, with a 37.9% QoQ and 18.5% YoY growth to ₹5,007 lacs for Q2 FY25, and a 23.3% YoY increase to
₹8,637 lacs for H1 FY25. EBITDA Margin was at 11.2% in Q2 FY25 and 11.0% in H1 FY25.
Our PAT (Profit After Tax) rose by 73.2% QoQ and 6.6% YoY in Q2 FY25, reaching ₹2,651 lacs, and grew by 6.1% YoY in H1 FY25,
reaching ₹4,182 lacs. PAT Margin was at 5.9% in Q2 FY25 and 5.3% in H1 FY25.
Notably, revenue from E-Commerce increased by an impressive 210.8% YoY in Q2 FY25 and 187.4% YoY in H1 FY25, accounting for 5.4% of revenue in H1 FY25. In Q2 FY25, Force NXT achieved a YoY value growth of 29.7% and volume growth of 37.9%.
The company remains firmly committed to advancing Project Lakshya. We onboarded 17 new distributors in H1 FY25, raising its revenue contribution to 30.6%, up from 26.3% in FY24. By FY26, 65-70% of revenue is expected to be contributed by distributors under Project Lakshya; a milestone that will drive market share expansion and margin improvement.
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.”