Dollar Industries Limited has announced its audited financial results for the quarter and year ended March 31, 2026. The Board of Directors, which met on May 23, 2026, approved the consolidated results. The company reported a net profit of ₹1,074 Mn for the financial year 2025-26, compared to ₹910 Mn in the previous year. Total income for the year stood at ₹18,810 Mn, up from ₹17,105 Mn in FY25.

Financial Performance

For the quarter ended March 31, 2026, the company recorded a net profit of ₹326 Mn, compared to ₹292 Mn in the same quarter of the previous year. Total revenue for the quarter was ₹6.2 Bn, up from ₹5.5 Bn YoY. Q4 EBITDA came in at ₹577 Mn versus ₹545 Mn in the year-ago period, while the Q4 EBITDA margin stood at 9.28% compared to 10.29% YoY. The company's operating EBITDA for the full year was ₹1,997 Mn, with a margin of 10.6%.

The following table summarises the key annual financial metrics:

The following table presents the key quarterly performance indicators:

Dividend Declaration

The Board of Directors has recommended a dividend of ₹3 per share, subject to the approval of shareholders. This represents a dividend payout ratio of 15.8%. The company has fixed July 28, 2026, as the record date to determine shareholder eligibility for the final dividend for FY26.

Operational Highlights

The company reported robust volume growth, with annual volume growth of 9.8% YoY and quarterly volume growth of 12.0% YoY. Operating Income for the quarter stood at ₹6,215 Mn, up 13.2% YoY. The premium brand, Force NXT, recorded a value and volume growth of 16.0% and 24.3%, respectively, in Q4 FY26. Quick commerce channels grew 437.0% YoY, expanding their revenue contribution to 2.5%. The company has also commenced the pilot run of Phase 2 of Project Lakshya to deepen its presence in stronghold states.

Management Commentary

Management attributed the performance to robust volume growth and a focus on operational stability. Due to an increase in cotton prices, the company undertook a calibrated price hike in the early part of Q1 FY27 to mitigate input cost increases. The Force NXT brand concluded FY26 with a full year value increase of 16.5% and volume growth of 26.2%. Non-traditional channels grew by 24.2% YoY in FY26. The company remains optimistic about its growth trajectory, focusing on improving operational efficiencies and expanding presence in key markets.

Board Decisions

The Board approved the re-appointment of Mr. Vinod Kumar Gupta as Managing Director & Key Managerial Personnel, Mr. Binay Kumar Gupta as Joint Managing Director, and Mr. Bajrang Kumar Gupta and Mr. Krishan Kumar Gupta as Whole-time Directors. These appointments are effective from September 1, 2026, for a period of five years, subject to shareholder approval. Additionally, the Board approved the Directors' Report and Notice for the 33rd Annual General Meeting scheduled for August 4, 2026.

Dollar Industries has undertaken a calibrated price hike in the early part of Q1 FY27, according to a statement from the company's Managing Director. The decision comes in direct response to rising cotton prices, which the company identifies as its primary raw material input.

Price Hike in Response to Raw Material Cost Pressures

The Managing Director of Dollar Industries stated that the increase in cotton prices prompted the company to implement a measured adjustment in its product pricing. The price revision was carried out in a calibrated manner during the early part of Q1 FY27, reflecting the company's approach to managing input cost inflation.

Cotton remains a critical component in Dollar Industries' manufacturing operations, and fluctuations in its price have a direct bearing on the company's cost structure. The calibrated nature of the hike suggests a measured approach to passing on increased input costs to the market.