tvam - You; sarva-vara-daḥ - who can give all kinds of benedictions; puṁsām - to all living entities; vareṇya - O most worshipable; vara-da-ṛṣabha - O most powerful of all givers of benediction; ataḥ - for this reason; te - Your; śreyase - the source of all auspiciousness; dhīrāḥ - the most sober; pāda-reṇum upāsate - worship the dust of the lotus feet.

O most exalted and worshipable Lord, best of those who bestow benediction, You can fulfill the desires of everyone, and therefore those who are sober, for their own welfare, worship the dust of Your lotus feet.