31 January 2022, Mumbai:
The net profit of Kolkata-based knitwear manufacturer Dollar Industries rose by 12 percent rise to Rs 44 crorefor the third quarter ended December 31, 2021, as against Rs 28 crore it posted in the year-ago period.
As per a Fashion Network report, the company’s revenue for the quarter increased by 23 percent to Rs 383 crore, as against Rs 312 crore it reported in the corresponding period of the previous fiscal year.
The financial results for the third quarter of FY22 indicate that the company has been able to align itself with its growth trajectory as it has witnessed a greater demand for roducts in the market. It has witnessed a 11 per cent growth in volume Q3FY22, says Vinod Kumar Gupta, Managing Director.
Over the next few eyars, the company plans to expand its retail presence by opening 10 exclusive-brand outlets across the country during the current fiscal year. It currently holds a 15 percent market share in the organized innerwear segment with a strong presence across India.
