Dollar Industries Ltd – Q3 & 9M FY26 Concall Highlights
#Innerwear #Textiles #Q3FY26
Financials
• Q3 Revenue: ₹388 Cr (+2%)
• 9M Revenue: ₹1,259 Cr (+8%)
• Q3 EBITDA: ₹39 Cr · Margin 10%
• 9M EBITDA: ₹142 Cr · Margin 11.3%
• 9M PAT: ₹75 Cr (+21%)
• Operating cash flowolume growth: 8.5%
• Q3 volume growth: 2.4%
• FY26 revenue guidance: ~₹1,850 Cr
Margins
• Gross margin: 36.5% (Q3)
• Rainwear EBITDA margin: 18–20%
• Marketing spend: ~5% of revenue
Segments
• Big Boss: 36% contribution
• Dollar Always & Lehar: 37%
• Force NXT: premium segment growing ~48% volume
• Champion Kids: +30% value growth
Distribution
• Modern trade & e-commerce: 12.8% revenue
• Exports: ~5.6% revenue
• Lakshya states share: 32% of sales
Costs
• Yarn price up ₹10–20/kg
• Backward integration: ~45,000 spindles
• Post-merger savings: ₹5–7 Cr annually
Outlook
• FY26 growth target: 11–12%
• EBITDA margin: 12–13% sustainable
• Rainwear to cross ₹100 Cr revenue in 2 yrs
Key takeaway
Moderate revenue growth but improving margins driven by premiumization and merger synergies. Strong cash flow and disciplined pricing support steady long-term growth.