The shares of this textile stock engaged in manufacturing and selling hosiery products, including knitted innerwear, casual wear, and thermal wear, came into focus after the management gave guidance of Rs. 2000 Crores, a 29 percent YoY growth in revenue from FY24.
Stock Performance
With a market capitalization of Rs 2,230.36 crore, Dollar Industries Ltd fell 1 percent in Tuesday’s trading session and made a low of Rs 392.15 per share compared to its previous closing price of Rs 396.15 per share. The stock retraced from its day’s high and was trading at Rs 393.25 which is 0.7 percent lower than the previous closing price.
Management Guidance
The management has given its FY25 guidance, projecting 12-13 percent revenue growth and approximately 11 percent EBITDA margin. For FY26, the company aims to achieve Rs 2,000 crore in revenue, with an EBITDA level of 13-14 percent.
Financial Performance
In the latest quarter, Dollar Industries Ltd reported a 15 percent YoY increase in its revenue from Rs 330 crore to Rs 378 crore. However, On a quarterly basis, there was a 15 percent decrease from Rs 446 crore in Q2 FY25.
This was accompanied by a 10 percent YoY increase in net profits from Rs 18 crore to Rs 19 crore. On a quarterly basis, the company saw a 27 percent decline in profits from Rs 26 crore in Q2 FY25.
Company Overview
Dollar Industries Limited is a leading company in India’s hosiery market, holding a 15 percent market share. The company manufactures 250 million garment pieces annually across its four production units. Its diverse product range includes over 2,000 items across multiple segments.
The company also boasts a robust distribution network, with more than 1,500 dealers across India and presence in over 900 large-format stores. On the global front, Dollar Industries has expanded its reach to 15 countries through its export channels.
Industry Outlook
India holds a 4.6 percent share in the global textiles and apparel trade and ranks as the world’s third-largest exporter in the sector. The global apparel market is projected to grow at a CAGR of 8 percent, reaching USD 2.37 trillion by 2030.
The global textiles and apparel trade is expected to expand at a 4 percent CAGR, hitting USD 1.2 trillion by 2030. India’s textiles and apparel market is forecasted to grow at a 10 percent CAGR, reaching USD 350 billion, with exports anticipated to touch USD 100 billion for the same period.
Written by Shwetha Sairam
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