DOLLAR

Dollar Industries share price & financials

Price
₹261.4
Market cap
₹1.5k Cr
Sector
Textiles
Calls analysed
7
Latest concall · Q1 FY27 · call held 11 Aug 2026

Dollar Industries Limited Q1 FY27

Operating EBITDA ₹48 cr +11%Operating EBITDA Margin 11.8% PAT ₹26 cr +22%PAT Margin 6.4%

What went well

  • Operating income of INR 405 crore, up 1.4% YoY, driven by calibrated price increases.
  • Gross profit grew 6.9% YoY to INR 151 crore, with margin expanding 192 bps to 37.4%.
  • PAT increased 22.1% YoY to INR 26 crore, with PAT margin expanding 108 bps to 6.4%.

What to watch

  • Overall volume degrowth of 1.6% in Q1 FY27, primarily due to a 3%-3.5% decline in Dollar Man segment.
  • Management noted that price hikes made consumers skeptical and intense competition with deep discounting impacted volume growth.
Read the full call →

What Dollar Industries Limited does

Dollar Industries manufactures and markets innerwear, athleisure, thermals, outerwear and kidswear under its Dollar brand family, distributed through general trade, modern trade, e-commerce, quick-commerce and exclusive brand outlets across India. It runs a vertically integrated production chain spanning yarn spinning, knitting, dyeing/bleaching, cutting and stitching across four plants in Kolkata, Ludhiana, Tirupur and Delhi, with captive elastic, yarn and fabric capacity feeding its own garment lines. The company also exports finished garments to markets in the Middle East, Africa and neighbouring countries, and operates a joint venture with Pepe Jeans Europe BV for a premium innerwear range under the Force NXT/Pepe brands.

Segments

  • Innerwear
  • Athleisure & casualwear
  • Thermals
  • Outerwear/Rainwear
  • Women's wear
  • Kidswear
Garment manufacturing capacity
~300 million pieces per annum
Market position
~15% share of India's hosiery/innerwear market
Manufacturing facilities
4 integrated plants — Kolkata, Ludhiana, Tirupur and Delhi
Product portfolio
2,000+ products across innerwear, athleisure, thermals, outerwear and kidswear
Dealer/distributor network
1,500+ dealers pan-India
Sales personnel
650+ sales team members
Founded 1972Employees 2,465 (2025-03-31) Company website

Guidance record · Q1 FY27

what the last two calls moved 16 tracked 0 delivered 5 missed 11 open
  • FY26 Revenue missed said Q3 FY25 Promised: INR 2,000 crores revenue in FY '26 Q1 FY27: Promise related to a past financial year. No new updates.
  • FY27 Revenue Growth at risk said Q4 FY26 Promised: Double-digit growth in volume and value for FY27 Q1 FY27: Q1 revenue grew only 1.4% YoY with volume degrowth of 1.6%. Management reaffirmed double-digit target, guiding for 11-13% for FY27.
  • Net Debt Status on track said Q3 FY25 Promised: Debt-free the company by FY '27 Q1 FY27: Repaid INR 86 crores in Q1. Net debt reduced to INR 192 crores from INR 277 crores in March 2026. Reaffirmed FY28 zero-debt target.

All 16 tracked — every revision, and every one management stopped mentioning.

Open the guidance ledger

Quarterly results

Q1 FY27: revenue up 1.3%, net profit up 20.0% against the same quarter last year.

₹ Cr · quarterly
Line itemQ2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26Q3 FY26Q4 FY26Q1 FY27
Revenue446 378 537 384 470 +5%388 +3%602 +12%389 +1%
EBITDA49 41 53 40 61 +24%41 +0%56 +6%46 +15%
Net profit26 19 31 20 35 +35%19 +0%31 +0%24 +20%
How to read this

₹ crore, as filed. The percentage beside a figure is the change against the same quarter a year earlier — never the quarter before, which would make every seasonal business look like it collapses and booms each year.

Performance −24.4% 1Y

₹250₹300₹350₹400Sept 25Oct 25Dec 25Jan 26Mar 26Apr 26Jun 26Jul 26Sept 26Q2 FY26 — 1 Oct 2025Q2 FY26 — 14 Nov 2025Q3 FY26 — 12 Feb 2026Q4 FY26 — 25 May 2026Q1 FY27 — 11 Aug 2026

1Y: ₹361.65 on 10 Sept 2025 → ₹273.55. High ₹387.5 (16 Sept 2025), low ₹223.3 (30 Mar 2026).

How the price took the results

close before → close after

Q1 FY27
+3.6%
11 Aug
Q4 FY26
−1.7%
25 May
Q3 FY26
−6.9%
12 Feb
Q2 FY26
+1.4%
1 Oct

The move from the last close before each results date to the first close after it — the market's first read on the quarter, not the quarter itself.

Financials, as filed

Revenue grew 9.8% a year over 3 years, FY23 to FY26. Operating margin widened to 10.7%.

Year endingFY23FY24FY25FY26
Revenue₹1.4k Cr₹1.5k Cr₹1.7k Cr₹1.8k Cr
Operating profit₹98 Cr₹153 Cr₹175 Cr₹198 Cr
Operating margin7.0%9.9%10.4%10.7%
Interest₹14 Cr₹18 Cr₹26 Cr₹23 Cr
Depreciation₹17 Cr₹21 Cr₹37 Cr₹39 Cr
Net profit₹59 Cr₹90 Cr₹90 Cr₹105 Cr
Net margin4.2%5.8%5.3%5.7%
Cash from operations₹140 Cr₹-6 Cr₹86 Cr₹137 Cr
Free cash flow₹85 Cr₹-88 Cr₹32 Cr₹94 Cr
ROCE10.0%14.0%13.0%14.0%
How to read this

From the company's own filings. Margins are computed from the filed sums; a year with an incomplete quarter is left blank rather than estimated.

Balance sheet

Year endingFY21FY22FY23FY24FY25FY26
Equity capital₹11 Cr₹11 Cr₹11 Cr₹11 Cr₹11 Cr₹11 Cr
Reserves₹531 Cr₹664 Cr₹706 Cr₹779 Cr₹892 Cr₹945 Cr
Borrowings₹124 Cr₹206 Cr₹175 Cr₹301 Cr₹310 Cr₹264 Cr
Other liabilities₹176 Cr₹234 Cr₹186 Cr₹235 Cr₹271 Cr₹285 Cr
Total liabilities₹843 Cr₹1.1k Cr₹1.1k Cr₹1.3k Cr₹1.5k Cr₹1.5k Cr
Fixed assets₹85 Cr₹91 Cr₹97 Cr₹230 Cr₹265 Cr₹268 Cr
Capital work in progress₹15 Cr₹52 Cr₹88 Cr₹17 Cr₹8 Cr₹6 Cr
Investments₹11 Cr₹10 Cr₹15 Cr₹15 Cr₹22 Cr₹22 Cr
Other assets₹733 Cr₹963 Cr₹879 Cr₹1.1k Cr₹1.2k Cr₹1.2k Cr
Total assets₹843 Cr₹1.1k Cr₹1.1k Cr₹1.3k Cr₹1.5k Cr₹1.5k Cr
How to read this

As filed each year. A line the company does not report — deposits for a non-lender, for instance — is left out rather than shown as a row of dashes.

Who owns it

As disclosed at Jun 2026

Since Jun 2025, DIIs trimmed −0.86 pp while FIIs added +0.71 pp.

Promoters
72.6%
FIIs
2.5%
DIIs
0.6%
Public
24.3%

Since Jun 2025

  • DIIs −0.86 pp
  • FIIs +0.71 pp
  • Promoters +0.37 pp

How it drifted, 12 quarters

Over this window FIIs went from 0.3% to 2.5% — +2.2 pp.

Sep '23Dec '24Jun '26

Ownership split by quarter, oldest first. Sep '23: Promoters 73.1%, FIIs 0.3%, DIIs 0.6%, Public 26.0%.Dec '23: Promoters 73.1%, FIIs 0.5%, DIIs 0.6%, Public 25.9%.Mar '24: Promoters 72.2%, FIIs 2.1%, DIIs 0.6%, Public 25.1%.Jun '24: Promoters 72.2%, FIIs 2.0%, DIIs 0.8%, Public 25.0%.Sep '24: Promoters 72.2%, FIIs 2.0%, DIIs 0.7%, Public 25.1%.Dec '24: Promoters 72.2%, FIIs 2.0%, DIIs 0.9%, Public 24.8%.Mar '25: Promoters 72.2%, FIIs 1.9%, DIIs 1.6%, Public 24.4%.Jun '25: Promoters 72.2%, FIIs 1.8%, DIIs 1.5%, Public 24.5%.Sep '25: Promoters 72.2%, FIIs 4.3%, DIIs 1.0%, Public 22.5%.Dec '25: Promoters 72.2%, FIIs 4.4%, DIIs 1.2%, Public 22.2%.Mar '26: Promoters 72.5%, FIIs 5.0%, DIIs 1.0%, Public 21.6%.Jun '26: Promoters 72.6%, FIIs 2.5%, DIIs 0.6%, Public 24.3%.

Who was buying across the market this quarter →

Who bought this quarter

since Mar 2026

Disclosed holders that added to a position or appeared on the register for the first time, biggest addition first.

The same filing shows 2 holders trimming and 1 off the list — both are in the register beside this.

Who is on the register

Named in the Jun 2026 filing

Every holder of Dollar Industries Limited above SEBI's 1% disclosure line, and what changed since Mar 2026.

HolderStakeChange
Dollar Holdings Private Limited 46.28%unchanged
V K Mercantile Private Limited 14.21%+0.10 pp
Krishan Kumar Gupta 1.73%unchanged
Nitu Gupta 1.52%unchanged
Binay Kumar Gupta 1.30%unchanged
Fidelity Funds - Asian Smaller Companies Global fund house1.22%−1.96 pp
Anant Gupta 1.18%unchanged
Salasarji Mercantile Llp 1.08%−0.10 pp
Gaurav Gupta 1.07%unchanged
Aayush Gupta 0.95%unchanged
Ankit Gupta 0.95%unchanged
Ruchi Gupta 0.93%unchanged

A holder disappearing from this list has fallen below the 1% line — it is not necessarily a sale. Percentages are of total shares, as disclosed in the company's own filing. Who was buying across the market this quarter.

All earnings calls (6)

Read the Q1 FY27 call →

Learn to analyse Dollar Industries Limited

Guides on how to read this kind of business and the numbers that matter.