Dollar Industries Ltd. has emerged as one of the fastest to grow within India’s hosiery sector, from Rs. 300 crores to Rs. 900 crores in seven years. It expanded its market share to 15 per cent in FY17 and has set an ambitious target of Rs. 2,000-crore revenue by 2024.
The company feels that GST is expected to create a level playing field for the organized player through taxation parity. This will hopefully drive sales migration from the unorganised to the organized sector owing to price differentiation and better product value.