Dollar Industries Ltd Q1 results witnesses more than 10% YoY increase in PAT.
Dollar Industries Limited has registered an increase in operating revenue of ₹ 243.65 crore for the quarter ended June 30, 2018 as against ₹ 235.07 crore during the corresponding period of FY 2017-18. The profit before tax stood at ₹ 22.38 crore for Q1 as against ₹ 18.39 crore during the corresponding period of last year, a rise of approximately 17%. The consolidated profit after tax stood at ₹ 13.80 crore for the current period as against ₹ 12.51 crore during the corresponding period last year, an impressive rise of approximately 10.31%.
“The company is shifting its focus from primary sales to secondary sales. The journey of the company for achieving its first 1000 crore was based upon focusing on distribution and primary sales, but now the company is gearing up to focus on increasing its retail base to achieve the next 1000 crore,” said Vinod Kumar Gupta, Managing Director, Dollar Industries Limited.
The company has Missy, Bigboss, Champion and Ultra Thermals under the brand Dollar and premium brand Force NXT and Force Go Wear. The focus of the company lies in the expansion of the product portfolio of Force NXT, Dollar Missy and Dollar Bigboss.