Dollar Industries Limited, an India-based leading garment & hosiery company, reported 22.3 per cent revenue growth to ₹312.44 crore in its third quarter (Q3) FY21 that ended on December 31, 2020, compared to the revenue of ₹255.4 crore in the same period previous fiscal. Company’s EBITDA for the quarter rose to ₹43.8 crore (Q3 FY20: ₹33.9 crore).
“The company crossed the mark of ₹300 crores of turnover this quarter. Also, this quarter the industry witnessed a sharp increase in prices of cotton and yarn starting November 2020. It will take a while before the prices stabilise for yarn,” Vinod Kumar Gupta, managing director, Dollar Industries Limited, said in a press release.
Profit after tax (PAT) during Q3 FY21 was ₹28.3 crore (₹19.5 crore). Operating revenue for the quarter increased to ₹311.7 crore (₹254.8 crore).
“The company continues its journey of growth working on revamping the distribution channel and digitisation. We look forward to a bullish Q421,” Gupta said.
Fibre2Fashion News Desk (JL)
Dollar Industries Limited, an India-based leading garment & hosiery company, reported 22.3 per cent revenue growth to ₹312.44 crore in its third quarter (Q3) FY21 that ended on December 31, 2020, compared to the revenue of ₹255.4 crore in the same period previous fiscal. Company's EBITDA for the quarter rose to ₹43.8 crore (Q3 FY20: ₹33.9 crore).