Hosiery brand Dollar effects price rise for fifth time in row as input costs soar

Kolkata-based hosiery brand Dollar Industries Ltd. had effected a price hike on its products for the fifth time during the current fiscal to combat a sharp increase in raw material and other costs, said a top official. “Since November 2020, every month we have been effecting a price hike ranging from 1-1.5% to 4%. On Monday, Dollar announced a price hike of 1.5%,” said Vinod Kumar Gupta, MD.