Q4 2024 Dollar Industries Ltd Earnings Call Transcript
Key Points
- Dollar Industries Ltd (BOM:541403) achieved its highest-ever quarterly and annual income.
- Total income for FY24 stood at INR1,577 crore, increasing by 12.7% year-on-year.
- Net profit for FY24 was INR90 crore, growing by over 71.7%.
- Gross profit margin increased by 256 basis points year-on-year to reach 32.2% in FY24.
- The premium segment portfolio, including Force NXT, Force Go Wear, Thermal, and Pepe, increased by 28% year-on-year in value terms and 52% year-on-year in volume terms in Q4 FY24.
- Sequential reduction in gross margins due to seasonal variations in product sales.
- Working capital has increased despite the contribution from Project Lakshya, with inventory days reducing only slightly.
- Debt position has almost doubled from INR161 crore to INR300 crore.
- Advertising expenses remain high, with INR100 crore spent in FY24.
- Non-Lakshya distributors have shown a higher working capital requirement, impacting overall efficiency.
Ladies and gentlemen, good day, and welcome to the Dollar Industries Limited Q4 FY24 earnings conference call hosted by Elara Securities Private Limited. (Operator Instructions) Please note that this conference is being recorded.
I now hand the conference over to Ms. Prerna Jhunjhunwala from Elara Securities Private Limited. Thank you, and over to you, ma'am.
Thank you, Manuja. Good evening, everyone. On behalf of Elara Securities India Private Limited, I would like to welcome you all for Q4 and full year FY 2024 post conference -- post-result conference call of Dollar Industries Limited. Today, we have with us the senior management of the company, including Mr. Ankit Gupta, President, Marketing; and Mr. Ajay Patodia, Chief Financial Officer.
Without much ado, will transfer the line to Mr. Ankit Gupta and post which we can open the floor for Q&A. Thank you.
Thank you, Prerna. Good afternoon, and a
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