Q4FY23 Quarterly & FY23 Annual Result Announced for Dollar Industries Ltd.
Other Apparels & Accessories company Dollar Industries announced Q4FY23 & FY23 results: Total Revenue for Q4FY23 & FY23 stood at Rs 407.57 crore & Rs 1,398.52 crore as compared to Rs 375.72 & Rs 1,349.06 crore for Q4FY22 & FY22 growth of 8% for Q4FY23 & 4% for FY23. Operating Revenue for Q4FY23 & FY23 stood at Rs 406.35 & Rs 1,393.80 crore as compared to Rs 371.94 & Rs 1,342.53 crore for Q4FY22 & FY22, growth of 9.25% for Q4FY23 & 3.82% for FY23. EBITDA for Q4FY23 & FY23 stood at Rs 12.82 crore i.e. 3.15% & Rs 103.27 crore i.e. 7.38% as compared to Rs 59.16 crore i.e. 15.75% & Rs 223.23 crores i.e. 16.55% for Q4FY22 & FY22, de-growth of 78% & 54% for Q4FY23 & FY23. PAT for Q4FY23 & FY23 stood at Rs 3.68 crore i.e. 0.90% & Rs 58.24 crore i.e. 4.16% as compared to Rs 37.10 crore i.e. 9.88% & Rs 145.87 crore i.e. 10.81% for Q4FY22 & FY22, de-growth of 90% & 60% for Q4FY23 & FY23 “Financial Year 23 was very challenging, where we saw huge volatility in raw material prices. High-cost inventory coupled with cyclical slowdown impacted our margins. Despite all these challenges, we touched down the volume of around 20.12 crore pieces at the Yearly level (i.e. 5% volume growth) which was Rs 19.08 crore pieces in FY22. However, we expect FY24 to be good with increasing demand for the products and controlled raw material prices will help us to maintain our margins. We are confident of our long-term growth on the back of Project Lakshya, industry, and economic drivers”, said Vinod Kumar Gupta, Managing Director, Dollar Industries. “Additionally, our Modern Trade sales have shown 33 % growth in sales for FY23 (y-o-y). We would continue to focus on increasing our distribution network, strengthening the product portfolio, and keeping our supply chain robust”, added Vinod Kumar Gupta. Result PDF31-05-2023