Dollar Industries expects revenue growth this fiscal
Knitwear major Dollar Industries Ltd is expecting a revenue growth of around 15 to 18 percent during the current financial year on the back of strong demand for its products.
The company sees huge potential for growth in the Indian market over the next few years and plans to expand its retail presence by opening exclusive brand outlets across the country.
Dollar recently opened its first outlet in Ayodhya this year and plans to add ten new outlets in Rajasthan and Uttar Pradesh during the current fiscal year.
“The economy range account for nearly 42 percent of its total sales. The company is hopeful of doubling its turnover to Rs 2,000 crore in the next three-to-four years. We have chalked out a business plan and we are on the growth path. We expect to be able to achieve the target (of Rs 2,000 crore) by 2025,” Vinod Kumar Gupta, managing director at Dollar Industries, told BusinessLine.
“We would continue to focus on increasing our reach and range at the retail level to grow further,” he added.
The company had registered a seven percent growth in turnover at Rs 1,037 crore ($138 million) in FY-21, as against Rs 969 crore in FY-20.
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