Q1 2025 Dollar Industries Ltd Earnings Call Transcript
Key Points
- Quarterly total income increased by 1.7% year-on-year to INR334 crores.
- Net profit for the quarter grew by 5.3% year-on-year to INR15 crores.
- E-commerce revenue surged by 161% year-on-year, now accounting for 5.5% of total revenue.
- Export revenue grew by 17.5% year-on-year, contributing 3.9% to overall revenue.
- Project Lakshya's contribution to domestic sales increased from 26% in FY24 to 31% in Q1 FY25.
- Volume degrowth of 5% in Q1 FY25.
- Sales were temporarily impacted due to the transition to the new SAP HANA S/4 ERP system.
- Other expenses increased slightly, attributed to subcontracting and advertisement expenses.
- Cash conversion cycle increased significantly, with a target to reduce it by 10-15 days by FY25.
- The addition of new distributors under Project Lakshya was slower than expected in Q1 FY25.
Ladies and gentlemen, welcome to the Q1 FY25 results conference call of Dollar Industries hosted by Emkay Global Financial Services. We have with us today Mr. Ankit Gupta, President of Marketing; and Mr. Ajay Patodia, Chief Financial Officer. (Operator Instructions) Please note that this conference is being recorded. I now hand the conference over to Mr. Vishal Panjwani from Emkay Global Financial Services. Thank you and over to you, sir.
Hi, thank you. Good evening, everyone. I would like to welcome to thank them for this opportunity. I shall now hand over the call to Mr. Ankit Gupta for his opening remarks. Over to you, sir.
Thank you. Good afternoon, everyone, and a warm welcome to you all. Before we get into the financial results and operational highlights for Q1 FY25, I would like to take a moment to thank our shareholders, analysts, and stakeholders for joining us today. Your continued
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