Dollar Industries Ltd
NSE:DOLLAR
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Dollar Industries Ltd
Dollar Industries Ltd. engages in manufacturing of hosiery and garments. The company is headquartered in Kolkata, West Bengal and currently employs 2,228 full-time employees. The company went IPO on 2017-04-21. The firm is engaged in the business of manufacturing and sale of hosiery goods. The company manufactures and sells hosiery products in knitted inner wears, casual wears, and thermal wears. Its brands include Bigboss, Champion, Force Go Wear, Force NXT, Missy, Regular, Socks, and Thermals. Its products under Dollar Man include Dollar Bigboss, Dollar J-Class, and Dollar Athleisure. Its Dollar Woman brand includes products, such as camisoles, panties, leggings, casuals and socks. The firm offers kids wear under the Dollar Junior brand, and includes products, such as T-shirts, Bermudas, track pant, socks, shorts, capri and trouser. Under the Dollar Always brand, the Company offers a collection of innerwear designed for men, women, and kids with 100% comfortable breathing fabrics. Dollar Ultra and Wintercare offers a collection of thermals for winter. The company offers protective gears for all under the Dollar Protect brand.
Dollar Industries Ltd. engages in manufacturing of hosiery and garments. The company is headquartered in Kolkata, West Bengal and currently employs 2,228 full-time employees. The company went IPO on 2017-04-21. The firm is engaged in the business of manufacturing and sale of hosiery goods. The company manufactures and sells hosiery products in knitted inner wears, casual wears, and thermal wears. Its brands include Bigboss, Champion, Force Go Wear, Force NXT, Missy, Regular, Socks, and Thermals. Its products under Dollar Man include Dollar Bigboss, Dollar J-Class, and Dollar Athleisure. Its Dollar Woman brand includes products, such as camisoles, panties, leggings, casuals and socks. The firm offers kids wear under the Dollar Junior brand, and includes products, such as T-shirts, Bermudas, track pant, socks, shorts, capri and trouser. Under the Dollar Always brand, the Company offers a collection of innerwear designed for men, women, and kids with 100% comfortable breathing fabrics. Dollar Ultra and Wintercare offers a collection of thermals for winter. The company offers protective gears for all under the Dollar Protect brand.
Merger Announcement: Dollar Industries announced the merger of promoter group companies into the listed entity, aiming to consolidate the brand, streamline operations, and reduce compliance costs.
Minimal EPS Impact: Management stated the merger will be EPS neutral, with last year's EPS at INR 16.05 and post-merger EPS at INR 16.01, and expects long-term value creation.
Cost Savings: The company expects annual savings of INR 4.5–5 crores post-merger, mainly from reduced royalty, rent, and lower related party transactions.
Promoter Trust Creation: A promoter trust will hold 51% of promoter stake to ensure governance stability and succession planning.
Ad Spend Strategy: Advertisement spend for the year will be INR 85–90 crores, with a growing share directed to digital media (up to 25% this year).
EBITDA Margin Guidance: Management is aiming for 12–13% EBITDA margin in FY26 and expects to reach 12% by this year’s end (currently at 11%).
Thermal Segment: Thermals contribute about 6% of sales with an ASP of INR 250; outlook is optimistic for this winter, but segment remains seasonal.
Debt and Working Capital: No material changes in debt due to the merger; company targets to be zero-debt by FY28 and is focused on reducing receivable days.
