StockWatch
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Dollar Industries Ltd

BSE: 541403

P/L Snapshot

Q1 FY27 · standalone

vs Q4 FY26·vs Q1 FY26
Revenue
389.96
-35.4%+1.4%
Expenditure
357.11
-36.5%-0.5%
Net Profit
24.46
-22.1%+24.6%
OPM %
11.89%
+2.61pp+1.42pp

Shareholding

Pattern breakdown

P/L Trends

(in crores)

RevenueExpenditureNet Profit
0.00169.03338.06507.10676.13Q2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26Q3 FY26Q4 FY26Q1 FY27
Price Chart
Reports

Margin beat hides the revenue wall; FY27 guidance is now the bet

margin expansion · volume decline · pricing power

Result verdictFollow-upQ1 FY2717 Aug 20266 minConsumer & Retail

Margins up on price, but volume collapse signals pricing ceiling

pricing_power_limited · volume_decline · margin_expansion

TranscriptDeep diveQ1 FY2717 Aug 20266 minConsumer & Retail

Dollar Industries Q1FY27: consolidated PAT +22% YoY on margin gains, revenue growth stalls at 1.4%

hosiery · innerwear · margin expansion

ResultsQ1 FY2710 Aug 20263 minConsumer & Retail
Latest
Board Meeting10 Aug, 4:41 pm

Dollar Industries Q1FY27: consolidated PAT +22% YoY on margin gains, revenue growth stalls at 1.4%

Dollar Industries posted consolidated PAT of ₹26.02 Cr for Q1 FY27, up 22.1% YoY (management's own reported figure, confirmed independently by Business Standard at +22.05%) even as consolidated revenue grew just 1.4% YoY to ₹404.81 Cr. Sequentially both metrics fell sharply — revenue -34.9% and PAT -20.1% QoQ against the March 2026 quarter — but this is a seasonal artifact typical of the hosiery/innerwear category, where Q4 (winter thermal-wear) is structurally the strongest quarter and Q1 the weakest; it should not be read as a demand deterioration. The entire growth story this quarter sits on margins, not volumes. Gross profit margin expanded 192 bps YoY to 37.4% (management's stated figure, verified: gross profit ₹151.24 Cr on operating income ₹404.81 Cr), attributed by management to calibrated price increases taken during the quarter. That flowed through: consolidated EBITDA margin rose to roughly 11.8% from about 10.9% a year ago and 9.3% in the prior quarter, and net profit margin improved to ~6.4% from 5.45% YoY and 5.31% QoQ. Standalone PAT was ₹24.46 Cr, broadly consistent with the consolidated print given the subsidiary and JV are small relative to the parent. Against management's own prior guidance from the Q4 FY26 call — double-digit revenue growth and margin expansion for FY27 — the quarter is a mixed scorecard: margins delivered as promised, but revenue growth of just 1.4% falls well short of the double-digit bar management set, meaning FY27 growth will need to accelerate materially in subsequent quarters to meet that target. No brokerage/consensus estimates for this specific quarter were found in a web search, so vs-Street is unknown rather than a genuine miss or beat. On the corporate front, the Composite Scheme of Arrangement to consolidate related entities into Dollar Industries and prune related-party transactions remains pending NCLT Kolkata approval (first hearing motion order dated May 11, 2026), with the company noting the balance process is underway; this is unrelated to the quarter's operating performance but was disclosed alongside these results.

10 Aug 2026, 04:41 pm

Corporate Events

Board MeetingDOLLAR
2026
10Aug

Board Meeting

The Board of Directors meeting is scheduled to consider and …

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2026
28Jul

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2025
13Nov

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Consider and approve Pursuant to Regulation 29 Requirements,…

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26Sep

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Board of Directors approved a Composite Scheme of Arrangemen…

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2025
26Sep

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2025
11Aug

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2025
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2025
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consider and approve Pursuant to Regulation 29, Un-audited F…

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2025
2Jan

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2024
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2024
12Aug

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Consideration and approval of the Un-audited Financial Resul…

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2024
21May

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2024
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Consideration and approval of Quarterly/ Annual Audited Fina…

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2024
6Feb

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consider and approve the un-audited financial results

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2023
7Nov

Board Meeting

Consideration and approval of un-audited financial results a…

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2023
10Aug

Board Meeting

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