Dollar Industries Limited is a leading textile manufacturing company based in India, specializing in hosiery products, knitted innerwear, casual wear, and thermal wear. Founded in 1972 and incorporated on May 26, 1993, the company has emerged as a prominent player in the Indian hosiery and knitwear sector, holding an impressive 15% market share. Dollar Industries has also become a cornerstone of textile exports, contributing significantly to the nation's economic fabric.
The company operates its business in the areas of yarn, fabrics, garments, and home textiles, establishing popular brands such as Dollar, Vimal, OCM, and Sangam. Dollar Industries is dedicated to environmentally sustainable practices and renewable energy adoption, incorporating green initiatives into its operational strategy.
Dollar Industries Limited holds the distinction of being the only Indian hosiery and knitwear company with a fully integrated production unit. Its manufacturing facilities are strategically located in Kolkata, Tirupur, New Delhi, and Ludhiana. The company boasts an average monthly output of 400 tonnes of Ne 20s to 40s single yarn, showcasing its capability to meet diverse market demands.
The company has significantly expanded its spinning capacity from 22,000 to 42,000 spindles, with 75% of this expansion already complete. This scale-up, backed by an investment of Rs. 65 crore, reinforces Dollar Industries' commitment to enhancing its production capabilities and maintaining its leadership position in the industry. Additionally, Dollar Industries operates a Power Generation Unit sourced from Windmill and Solar energy, emphasizing its focus on sustainable operations.
Dollar Industries has a wide product catalogue ranging from Rs 50 to Rs 650, catering to economy, premium, and super-premium segments. The company's top products include yarns, fabrics, knitted garments, and home textiles. To strengthen its market position, Dollar Industries has consolidated its product offerings into five major categories: Dollar–Man, Woman, Junior, Always Thermal, and Protect.
The company's strategic focus on fashion and comfort, combined with a deep understanding of consumer demographics, allows it to stay ahead of market trends and consistently meet customer expectations. Its products are designed to cater to the entire family, offering a comprehensive range for diverse consumer preferences.
Dollar Industries Ltd is one of the largest exporters of yarns, fabrics, and garments in India. It maintains a strong presence in 28 states across India and exports to more than 40 countries across the world, including robust sales in the Middle East (UAE, Oman, Jordan, and other key regions). This extensive reach establishes Dollar Industries as a leading Indian innerwear brand with a growing international footprint.
The company has emerged as one of the highest-selling Indian innerwear brands in the Middle East & Gulf countries, underscoring its successful global expansion and strong brand acceptance in international markets.
- Revenue: ₹549.13 Crore
- Net Profit: ₹29.85 Crore
Dollar Industries announced its Q4 FY25 results, showing a 13.74% drop in net profit to ₹29.24 crore compared to the previous year's same period, despite a 9.73% increase in total income.
- Q3 FY22-23 (December 2024):
- Net profit rose 12.76% to ₹19.97 crore (against ₹17.71 crore in Q3 FY22-23).
- Sales rose 14.83% to ₹380.73 crore (against ₹331.55 crore in Q3 FY22-23).
- Q2 FY22-23 (September 2024):
- Net profit rose 6.59% to ₹26.51 crore (against ₹24.87 crore in Q2 FY22-23).
- Sales rose 8.33% to ₹446.87 crore (against ₹412.52 crore in Q2 FY22-23).
- FY2024-25: Reported a profit of ₹29.85 crore on a total income of ₹551.24 crore (for the quarter ended March 2025).
- FY2023-24: Posted a profit of ₹91.37 crore on a total income of ₹1,572.27 crore.
- Market Capitalization: ₹2,244.26 Crore (as of May 14, 2025)
- P/E (Price-to-Earnings) Ratio: 24.88
- P/B (Price-to-Book) Ratio: 2.86
- Dividend Yield: 0.76%
- Promoter Holding: 72.21% (increased from 72.21% in June 2024 to March 2025)
Dollar Industries is deeply committed to environmental sustainability and the adoption of renewable energy. The company has implemented significant green initiatives:
- Wind Power: Installed four windmills with a total power generation capacity of 4.95 MW, capable of producing approximately 7 million units of power annually.
- Solar Power: As part of its Green Mission, Dollar Industries has doubled its solar power capacity from 6 MW to 12 MW, further solidifying its commitment to reducing its carbon footprint and promoting clean energy.
In 2017-18, Dollar Industries entered into a 50:50 Joint Venture with the Netherlands-based Pepe Jeans Europe BV. This collaboration involved setting up a Joint Venture Company to manufacture and market a premium range of fashion innerwear, loungewear, gym wear, sleepwear, and tracksuits for adults & kids in India, leveraging Pepe Jeans' global fashion expertise.
Looking ahead, the company has ambitious expansion plans, including opening 50 exclusive brand outlets in South India over the next two to three years to further expand its retail reach. These ongoing investments in capacity expansion and new product launches are aligned with Dollar Industries' Vision 2025, which aims to solidify its position as a market leader both domestically and internationally.
The Indian innerwear industry has shown robust growth, expanding from ₹15,870 crore in 2017 to a projected ₹68,270 crore by 2024, demonstrating a consistent Compound Annual Growth Rate (CAGR) of 12%. This dynamic sector constitutes 9% of India's fashion retail market and presents significant growth opportunities for established players like Dollar Industries, which is well-positioned to capitalize on this expanding market.
Dollar Industries Limited stands as a testament to successful brand building in the Indian hosiery market, combining traditional manufacturing excellence with modern sustainability practices and strategic expansion plans. The company's strong market position, diversified product portfolio, and commitment to innovation position it well for continued growth in the evolving textile industry landscape.
