Dollar Industries Announces Q1 FY25 Results
Kolkata, 14th August 2024: Dollar Industries Limited, one of the most trusted names in the Garment & Hosiery business, announced its Q1 FY25 today. The Board of Directors of Dollar Industries Limited at its meeting held on 12th August 2024 took on record the Unaudited Financial Results for the first quarter of the Financial Year 2024-25. Dollar Industries have a robust domestic and international presence spreading over more than 15 countries.
₹Lacs
| Financial Summary | Q1FY25 | Q1FY24 | YoY% | Q4FY24 | QoQ% | FY24 | FY23 | YoY% |
| Total Income | 33,443 | 32,891 | 1.7% | 50,204 | (33.4%) | 1,57,677 | 1,39,858 | 12.7% |
| Gross Profit | 11,887 | 10,608 | 12.1% | 15,305 | (22.3%) | 50,588 | 41,277 | 22.6% |
| Gross Profit Margin | 35.6% | 32.3% | 330 bps | 30.6% | 501 bps | 32.2% | 29.6% | 256 bps |
| EBITDA | 3,630 | 2,778 | 30.7% | 5,924 | (38.7%) | 16,314 | 10,300 | 58.4% |
| EBITDA Margin | 10.9% | 8.4% | 241 bps | 11.8% | (95 bps) | 10.3% | 7.4% | 298 bps |
| PAT | 1,530 | 1,453 | 5.3% | 3,309 | (53.8%) | 9,020 | 5,254 | 71.7% |
| PAT Margin | 4.6% | 4.4% | 16 bps | 6.6% | (202 bps) | 5.7% | 3.8% | 196 bps |
| EPS | 2.70 | 2.56 | 5.3% | 5.83 | (53.8%) | 15.90 | 9.26 | 71.7% |
Commenting on the results, Mr. Vinod Kumar Gupta and Mr. Binay Kumar Gupta, Managing Directors, Dollar Industries Limited said:
“We are pleased to state that during Q1 FY25, our Total Income stood at ₹33,443 Lacs, an increase of 1.7% year-over-year.
Gross profit in Q1 FY25 grew 12.1% YoY to ₹ 11,887 Lacs, and GP margin expanded by 330 bps YoY to 35.6%, whereas EBITDA grew by 30.7% YoY to ₹ 3,630 Lacs. EBITDA margin expanded by 241 bps YoY to 10.9%.
The company achieved PAT of ₹ 1,530 Lacs in Q1 FY25, up by 5.3% against the same quarter of the previous year, registering a PAT margin of 4.6%.
Revenue contribution from E-Commerce surged by 161.4% year-over-year, reaching 5.5%. Meanwhile, our exports business experienced a year-over-year growth of 17.5%.
The company is dedicated to driving the growth and success of Project Lakshya. In Q1 FY25, we onboarded 11 new distributors under this initiative, increasing its contribution to 31.1%, up from 26.3% in FY24. We aim Project Lakshya distributors to contribute 65-70% of our revenue by FY26, a target that will significantly boost our market share and improve margins.
In addition, the integration of SAP’s advanced technology will provide a crucial boost to the implementation of Project Lakshya. With SAP, we will have access to end-to-end data, enabling more effective and efficient execution of our strategies.
Our company is experiencing robust demand and a growing share of higher-margin products in our portfolio. This positive trend, along with our strategic initiatives, positions us strongly to achieve our targeted growth in both revenue and profitability in the near future.”
“Milestones Achieved in Q1 FY25”
- Total income of ₹ 33,443 Lacs in Q1 FY25, registering a growth of 1.7% YoY
- Gross Profit of ₹ 11,887 Lacs in Q1 FY25, registering a growth of 12.1% YoY. Gross Margin was at 35.6%, expanding 330 basis points YoY
- EBITDA of ₹ 3,630 Lacs in Q1 FY25, growing 30.7% YoY. EBITDA Margin was at 10.9%, expanding 241 basis points YoY
- PAT of ₹ 1,530 Lacs in Q1 FY25 against Q1 FY24 PAT of ₹ 1,453 Lacs, up 5.3% YoY. PAT Margin was at 4.6%, expanding 16 basis points YoY
- EPS stood at ₹ 2.70 in Q1 FY25 as against ₹ 2.56 in Q1 FY24