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27 Years
4.4 Star
1 Crore +
Apparels & Accessories company Dollar Industries announced Q1FY25 results:
- Total income of Rs 33,443 Lakh in Q1FY25, registering a growth of 1.7% YoY
- Gross Profit of Rs 11,887 Lakh in Q1FY25, registering a growth of 12.1% YoY. Gross Margin was at 35.6%, expanding 330 basis points YoY
- EBITDA of Rs 3,630 Lakh in Q1FY25, growing 30.7% YoY. EBITDA Margin was at 10.9%, expanding 241 basis points YoY
- PAT of Rs 1,530 Lakh in Q1FY25 against Q1FY24 PAT of Rs 1,453 Lakh, up 5.3% YoY. PAT Margin was at 4.6%, expanding 16 basis points YoY
- EPS stood at Rs 2.70 in Q1FY25 as against Rs 2.56 in Q1FY24
Commenting on the results, Vinod Kumar Gupta and Binay Kumar Gupta, Managing Directors, Dollar Industries said: “We are pleased to state that during Q1FY25, our Total Income stood at Rs 33,443 Lakh, an increase of 1.7% year-over-year.
Gross profit in Q1FY25 grew 12.1% YoY to Rs 11,887 Lakh, and GP margin expanded by 330 bps YoY to 35.6%, whereas EBITDA grew by 30.7% YoY to Rs 3,630 Lakh. EBITDA margin expanded by 241 bps YoY to 10.9%.
The company achieved PAT of Rs 1,530 Lakh in Q1FY25, 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 Q1FY25, 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.”
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