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KOLKATA: Dollar Industries reported a 10.31 % jump in its standalone net profit to Rs 13.80 crore for the first-quarter (Q1) ended June 30, 2018, as against Rs 12.51 crore profit registered in the corresponding period previous fiscal.
While revenue from operations stood at Rs 243.65 crore in the quarter under review compared to Rs 235.07 crore in the corresponding previous period, profit before tax in Q1 of the current fiscal was Rs 22.38 crore as against Rs 18.38 crore registered in the corresponding previous period, the company's mediastatement stated.
The Kolkata based innerwear makers has presence in all states across India as well as across countries like Nepal, Middle East and the Gulf.
Dollar has evolved as an umbrella brand by launching an array of successful sub-brands like Dollar Bigboss, Dollar Club, Champion, Missy, Force Go Wear, Ultra Thermals, Wintercare, Force NXT and many more.
It is currently focussing on expanding product portfolio of Force NXT, Dollar Missy and Dollar Bigboss.
“The company is shifting its focus from the primary sales to secondary sales.
Journey of the company to achieve its first Rs 1,000 crore was based upon focusing on distribution and primary sales.
Now, the company is gearing up to focus on increasing retail base to achieve its next Rs 1,000 crore,” said Vinod Kumar Gupta, managing director, Dollar Industries Limited.
It has manufacturing units in Kolkata, Tiruppur (Tamil Nadu), Delhi and Ludhiana.
