Financial Results Summary

Q2 FY27 Performance (Quarter ended September 30, 2026)

  • Total Income: ₹54,090 lacs (14.3% YoY growth from ₹47,329 lacs in Q2 FY26)
  • Operating Income: ₹53,928 lacs (14.3% YoY growth from ₹47,186 lacs in Q2 FY26)
  • Gross Profit: ₹17,139 lacs (4.5% YoY growth from ₹16,402 lacs in Q2 FY26)
  • Gross Profit Margin: 31.8% (298 basis points decline from 34.8% in Q2 FY26)
  • Operating EBITDA: ₹6,054 lacs (0.4% YoY growth from ₹6,031 lacs in Q2 FY26)
  • Operating EBITDA Margin: 11.2% (155 basis points decline from 12.8% in Q2 FY26)
  • PAT (attributable to owners): ₹3,579 lacs (1.7% YoY growth from ₹3,517 lacs in Q2 FY26)
  • PAT Margin: 6.6% (82 basis points decline from 7.4% in Q2 FY26)
  • Diluted EPS: ₹6.31 (1.7% YoY growth from ₹6.20 in Q2 FY26)

QoQ Comparison (Q2 FY27 vs Q1 FY27)

  • Total Income growth: 33.3% (from ₹40,566 lacs in Q1 FY27)
  • Operating Income growth: 33.2% (from ₹40,481 lacs in Q1 FY27)
  • Gross Profit growth: 13.3% (from ₹15,124 lacs in Q1 FY27)
  • Gross Profit Margin: 31.8% (558 basis points decline from 37.4% in Q1 FY27)
  • Operating EBITDA growth: 26.7% (from ₹4,777 lacs in Q1 FY27)
  • Operating EBITDA Margin: 11.2% (57 basis points decline from 11.8% in Q1 FY27)
  • PAT growth: 37.5% (from ₹2,602 lacs in Q1 FY27)
  • PAT Margin: 6.6% (20 basis points improvement from 6.4% in Q1 FY27)
  • Diluted EPS growth: 37.5% (from ₹4.59 in Q1 FY27)

H1 FY27 Performance (Half year ended September 30, 2026)

  • Total Income: ₹94,655 lacs (8.4% YoY growth from ₹87,308 lacs in H1 FY26)
  • Operating Income: ₹94,409 lacs (8.4% YoY growth from ₹87,098 lacs in H1 FY26)
  • Gross Profit: ₹32,263 lacs (5.6% YoY growth from ₹30,550 lacs in H1 FY26)
  • Gross Profit Margin: 34.2% (90 basis points decline from 35.1% in H1 FY26)
  • Operating EBITDA: ₹10,831 lacs (5.0% YoY growth from ₹10,319 lacs in H1 FY26)
  • Operating EBITDA Margin: 11.5% (38 basis points decline from 11.8% in H1 FY26)
  • PAT: ₹6,181 lacs (9.4% YoY growth from ₹5,649 lacs in H1 FY26)
  • PAT Margin: 6.5% (6 basis points improvement from 6.5% in H1 FY26)
  • Diluted EPS: ₹10.90 (9.4% YoY growth from ₹9.96 in H1 FY26)

Full Year FY26 Reference

  • Total Income: ₹1,88,517 lacs
  • Operating Income: ₹1,88,096 lacs
  • Gross Profit: ₹62,164 lacs
  • Gross Profit Margin: 33.0%
  • Operating EBITDA: ₹19,969 lacs
  • Operating EBITDA Margin: 10.6%
  • PAT: ₹10,743 lacs
  • PAT Margin: 5.7%
  • Diluted EPS: ₹18.94

Management Commentary

Managing Directors Mr. Vinod Kumar Gupta and Mr. Binay Kumar Gupta attributed the moderation in gross margin primarily to higher cotton prices, a key raw material for the company. They noted that disciplined cost management, stringent overhead controls, and operating leverage helped cushion part of the impact at the Operating EBITDA level.

Segment Performance Highlights

Quick Commerce Channel

  • Q2 FY27 value growth: 58.5%
  • Q2 FY27 volume growth: 52.4%
  • Revenue contribution increased from 4.0% in Q2 FY26 to 5.4% in Q2 FY27

Dollar Thermal (Winterwear Segment)

  • Q2 FY27 value growth: 17.7%
  • Q2 FY27 volume growth: 10.2%
  • Contribution to overall revenue: 12.6%

Dollar Protect (Rainwear Segment)

  • Q2 FY27 value growth: 208.1%
  • Supported by favorable monsoon season

Export Business

  • Q2 FY27 value growth: 56.8%
  • Q2 FY27 volume growth: 45.5%

Company Background

Dollar Industries Limited is described as one of the most trusted names in the Garment & Hosiery business with robust domestic and international presence spreading over more than 15 countries. The company holds approximately 15% of the total market share in the organized segment and is the first Indian innerwear company to have a fully integrated manufacturing unit.