Dollar Industries Limited

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rla Complex, Bandra (E), Mumbai – 400 051 The Secretary, BSE Limited Phiroze Jeejeebhoy Towers, Dalal Street, Mumbai – 400 001 Symbol - DOLLAR Scrip Code :541403 Dear Sir /Madam, Reg: In

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About Dollar Industries 16-25 04 05 Financial Summary 31-33 ESG 34-38 03 Growth Drivers 26-30 06 Annexure 42-45 4 4 Management Commentary We are pleased to report another quarter of

5.6%

eholder trust. Moving on to the financial highlights of the quarter gone by, Operating Income grew 5.6% YoY to ₹ 4,719 Million, supported by consistent demand across key product categories. Operating E

₹ 4,719 Million

t. Moving on to the financial highlights of the quarter gone by, Operating Income grew 5.6% YoY to ₹ 4,719 Million, supported by consistent demand across key product categories. Operating EBITDA rose 23.3% YoY to

23.3%

,719 Million, supported by consistent demand across key product categories. Operating EBITDA rose 23.3% YoY to ₹ 603 Million, with margins expanding 183 bps to 12.8%, reflecting significant benefits of

₹ 603 Million

supported by consistent demand across key product categories. Operating EBITDA rose 23.3% YoY to ₹ 603 Million, with margins expanding 183 bps to 12.8%, reflecting significant benefits of operating leverage an

183 bps

s key product categories. Operating EBITDA rose 23.3% YoY to ₹ 603 Million, with margins expanding 183 bps to 12.8%, reflecting significant benefits of operating leverage and cost optimization initiatives.

12.8%

ct categories. Operating EBITDA rose 23.3% YoY to ₹ 603 Million, with margins expanding 183 bps to 12.8%, reflecting significant benefits of operating leverage and cost optimization initiatives. We have

6.2%

ating leverage and cost optimization initiatives. We have been able to curtail our advertisement to 6.2% of Operating Income in H1 FY26, as compared to 7.2% in H1 FY25, and plan to further reduce this pe

7.2%

have been able to curtail our advertisement to 6.2% of Operating Income in H1 FY26, as compared to 7.2% in H1 FY25, and plan to further reduce this percentage in the coming quarters. PAT stood at ₹ 352

₹ 352 Million

o 7.2% in H1 FY25, and plan to further reduce this percentage in the coming quarters. PAT stood at ₹ 352 Million for the quarter, growing at 32.7% YoY, with margin expanding by 151 bps to 7.4%. Notably, the ther

32.7%

uce this percentage in the coming quarters. PAT stood at ₹ 352 Million for the quarter, growing at 32.7% YoY, with margin expanding by 151 bps to 7.4%. Notably, the thermals segment stood out with robust

“FY21 FY22 FY23 FY24 FY25 H1 FY26 By capping annual advertisement expenses at ₹1,000 million, ad spends as a percentage of revenue will decline in the coming years, aiding profitability.”

“12 Project Lakshya Updates (1/2) What are we doing?”

“• Mapping retail network in area allocated to distributor • Enrolling retailers into Project Lakshya • Execute Retailer Bonding Programs to ensure higher retention • Implementation of ARS and DMS at distributor level • SOPs laid out for distributors leading to improved performance Why?”

“• 6 categories created – MAN, WOMAN, JUNIOR, ALWAYS, THERMALS, PROTECT • Akshay Kumar as our brand ambassador for Dollar man • Signed Yami Gautam as our brand ambassador for Dollar Women • Redesigned our logo to enhance connect with the consumers • Roped in Saif Ali Khan for Dollar Always 8.0% Share of women’s brand revenue in H1 FY26 Why?”

“• All the companies are part of the promoter group and will merge into a single listed entity to streamline operations and align long-term goals • • The company aims to strengthen in-house production capacity, reduce intercompany transactions and avoid conflict of interest Post the proposed merger, all the mentioned promoter group companies will be consolidated into Dollar Industries Limited, enabling it to independently manage key business verticals: 1.”

“We aspire to metamorphise the Company into an aspirational brand by offering premium and super premium products”

“0% 8.0 % 6.0 % 4.0 % 2.0 % 0.0 % FY 21 FY 22 FY 23 FY 24 FY25 H1 FY26 FY 21 FY 22 FY 23 FY 24 FY25 H1 FY26 FY 21 FY 22 FY23 FY 24 FY25 H1 FY26 PAT (₹ Mn & % MARGIN) 10.9% 5.7% 5.3% 3.8% 160 0 140 0 120 0 8.2% 100 0 800 600 400 200 0 3 5 8 1 7 4 1 , 5 2 5 2 0 9 0 1 9 5 6 5 FY 21 FY 22 FY 23 FY 24 FY25 H1 FY26 12.00% 10.00% 8.00% 6.5% 6.00% 4.00% 2.00% 0.00% NET DEBT – EQUITY RATIO ROCE* & ROE* 2 2 .”

“0 FY 21 FY 22 FY 23 FY 24 FY25 H1 FY26 % 8 .”

“2 1 FY 21 FY 22 FY 23 FY 24 FY25 H1 FY26 ROCE ROE 46 *ROCE and ROE are Annualized; ROE excludes Non-Controlling Interest Cash Conversion Cycle Break Up Particulars Receivable Days1 Inventory Days2 Payable Days3 Cash Conversion Cycle4 31–Mar-25 30-Jun-25* 30-Sep-25* ₹ Million 112 110 62 160 120 125 72 173 116 119 68 167 Inventory days is calculated by multiplying the average inventory by 365 and dividing the result by the revenue from operations for the year/ period 1.”

Note

2

Ambassadors

1

Facilities

1

The merger involves nine companies

1

Medium-term vision

1

Long-term vision

1

Note

1. 2. Gross Profit & Op EBITDA Margins calculated on Operating Income EPS figures are not annualized 4,719 5.6% 18.2% 1,640 9.6% 15.9% 34.8% 127 bps (69 bps) 603 23.3% 40.6% 12.8% 183 bps 204 bps ₹ Million Profit After Tax 352 32.7% 65.0% 7.4% 151 bps 210 bps 6.20 8 Financial Highlights (2/2) ₹ Million Particulars 31-Mar-25 30-Jun-25 30-Sep-25 Net Worth3 8,598 8,818 9,018 ROE(%)1 12.9% ROCE(%)1 13.0% 11.5% 14.1% 11.1% 9.8% Long Term Borrowings 308 277 247 Short Term Borrowings 2,988 2,509 2,977 Net Debt Net Fixed Assets 3,293 2,744 Sales/Capital Employed 1.48 Cash Conversion Cycle2 160 2,785 2,734 1.34 173 3,222 2,727 1.43 167

Note

1. Profit figures are YTD annualized, ROE excludes Non-Controlling Interest 2. Receivable and Inventory days are based on operating income and Payables on cost of goods sold 3. Net worth includes Non-Controlling Interest Mar'25 Jun'25 Sep'25 Mar'25 Jun'25 Sep'25 Net ​Debt/Equity 0.38 0.32 Net ​Debt/Operating EBITDA1 0.36 1.80 1.62 1.56 Mar'25 Jun'25 Sep'25 Mar'25 Jun'25 Sep'25 9 Revenue Contribution (1/2) H1 FY26 Brand Wise 41% 37% Trade Channel Wise 4% Quick Commerce 3% Export 2% Modern Trade # 8% 7% Dollar Always Dollar Man 0.1% Dollar Woman Dollar Junior 2% 5% Dollar Thermals Dollar Protect Force NXT* 5% E-Commerce 86% Domestic *Force Gowear and Pepe are part of Force NXT #Modern Trade includes revenue from EBOs 10 Revenue Contribution (2/2) H1 FY26 Region Wise Gender Wise Category Wise 48% North 23% East 81% Men 83% Innerwear 8% South 21% West 5% Kids 14% Women 0.1% Accessories 17% Outerwear 11 Our Brand Ambassadors Brand

Ambassadors

Yami Gautam Mahesh Babu Akshay Kumar Saif Ali Khan Ad Spends as % of Revenue % 6 7 . % 7 4 . % 3 7 . % 4 6 . % 0 6 . % 2 6 . FY21 FY22 FY23 FY24 FY25 H1 FY26 By capping annual advertisement expenses at ₹1,000 million, ad spends as a percentage of revenue will decline in the coming years, aiding profitability. 12 Project Lakshya Updates (1/2) What are we doing? • Mapping retail network in area allocated to distributor • Enrolling retailers into Project Lakshya • Execute Retailer Bonding Programs to ensure higher retention • Implementation of ARS and DMS at distributor level • SOPs laid out for distributors leading to improved performance Why? Reinvent the entire distribution model and transition from a push model to a replenishment-based model leading to a Demand-Pull Environment Outcomes • Increased market penetration • Increased primary sales and secondary sales • Availability of last mile data from retailer • Distributor performance analysis • Efficient Product Planning & Inventory Man

Facilities

• Kolkata • Ludhiana • Tirupur • Delhi Spinning Dyeing and bleaching Stitching Procurement Knitting Cutting Marketing and distribution 22 Widening Footprint To Cater To Larger Population Sales Team 650+ Dealer Network 1500+ EBOs 17 Branches 14 Depots 15 Warehouses 20+ Retail Reach 1,45,000+ Multi-Platform E-Retail Presence Modern Trade & E-Commerce 23 Guided By Experienced Directors Managing Director Managing Director Whole-time Director Whole-time Director Whole-time Director Independent Director Independent Director Independent Director Independent Director Independent Director 24 Supported By An Experienced Team President, Marketing Vice-president, Sales Vice-president, Strategy Chief Financial Officer Company Secretary Deputy General Manager – HR & Admin General Manager – Sales General Manager – Marcom & Branding General Manager – Fabric Division National Sales Head – Lakshya 25 Growth Drivers Strategic Priorities Leveraging new Brand Overhaul Investing in Digitization Growth Throu

The merger involves nine companies

1. ADDS Projects Private Limited - Acquires/develops commercial properties; leases to Dollar Industries & affiliates. 2. Dindayal Texpro Private Limited (de-merged segment) - Job work and makes leggings & kurtis using both Dollar-supplied & independent fabrics. Bhawani Yarns Private Limited - Job work and garment manufacturing (leggings & kurtis) with sourced and Dollar fabrics. 3. Amicable Properties Private Limited - Rents out commercial spaces to Dollar Industries & group companies. 4. 5. Dollar Brands Private Limited - Owns the “Dollar” trademark; manages branding and trademark-related activities. 6. Goldman Trading Private Limited - Leases developed/acquired properties to Dollar Industries & affiliates. KPS Distributors Private Limited - Rents out commercial real estate to Dollar Industries & related entities. 7. PHPL Properties Private Limited - Holds & leases properties for Dollar Industries & group companies. 8. Zest Merchants Private Limited - Provides leased real estate for o

Medium-term vision

We aspire to metamorphise the Company into an aspirational brand by offering premium and super premium products