16 November 2025, Mumbai
Hosiery giant Dollar Industries Limited's robust Q2 FY26 performance, which saw operating EBITDA surge 23.3% year-on-year to ₹60.31 crore, is a clear outcome of a major strategic consolidation. The most impactful move is the proposed merger of nine promoter group companies, which will bring the ‘Dollar’ brand ownership directly under the listed entity. This consolidation, which also includes manufacturing units and real estate, is designed to enhance governance and streamline operations, directly contributing to the 183 basis points (bps) expansion in operating margin to 12.8%. Profit After Tax (PAT) for the quarter jumped 32.7% to ₹35.17 crore on a total income of ₹473.29 crore, highlighting the brand's ability to drive profitability through operational leverage.
The financial success is buttressed by Dollar's aggressive retail and product strategies. The company, which holds an estimated 15% share in the branded hosiery market, saw its thermal segment revenues climb by 23.5% YoY, a case study of capturing seasonal demand supported by strong product availability. Furthermore, the ‘Vision South India’ initiative is underway, aiming to lift the region's domestic revenue contribution from 8% to 20% by opening 50 new exclusive brand outlets over three years. Digital channels are also scaling rapidly, with modern trade, e-commerce, and quick commerce collectively contributing 10.2% of sales.
Managing Directors Vinod Kumar Gupta and Binay Kumar Gupta affirmed the merger’s significance, stating, "The transfer of the 'Dollar' brand ownership directly to Dollar Industries Limited... will strengthen our market presence, drive product innovation, and deepen stakeholder trust." This focus on profitable expansion and vertical integration positions Dollar Industries firmly towards its aspirational ₹2,000 crore revenue target.
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