Brands
Doms writes a neat growth story with 25 per cent rise in H1 revenue
MUMBAI: Doms Industries Limited has kept its growth line sharp and margins steady, sketching out yet another strong quarter. The stationery and art supplies maker synonymous with childhood creativity reported a 24.1 per cent year-on-year rise in revenue from operations to Rs 567.9 crore for Q2FY26, while half-yearly revenue hit Rs 1,130.2 crore, marking a 25.2 per cent increase over the same period last year.
The company’s gross profit for the quarter rose 25.2 per cent to Rs 248.7 crore, maintaining a solid 43.8 per cent GP margin. EBITDA grew 15.8 per cent year-on-year to Rs 99.5 crore, with a margin of 17.5 per cent, while PAT climbed 13.4 per cent to Rs 60.9 crore, reflecting steady operational performance despite a marginal dip in margins.
For the first half of FY26, EBITDA stood at Rs 198.3 crore up 15 per cent year-on-year while PAT came in at Rs 120 crore, registering an 11.1 per cent increase over H1FY25. The company maintained a 10.6 per cent PAT margin, underscoring disciplined execution and prudent cost control.
“Our Q2FY26 results underscore our disciplined growth approach and strong execution, anchored by a diversified product portfolio that enabled us to navigate GST transition headwinds effectively,” said DOMS Industries limited managing director, Santosh Raveshia. “This performance reflects our resilient business strategy and focus on innovation, operational efficiency and sustainable growth.”
Raveshia added that the recent GST rate rationalisation and income tax cuts are expected to further spur consumption, aligning with Doms’ plans to commercialise its flagship 44-acre expansion project, a move that will “capitalise on emerging opportunities” in the fast-evolving consumer landscape.
Doms’ diversified portfolio continues to power its momentum. From scholastic stationery and art materials to combo kits, paper stationery, and office supplies, the company’s offerings cater to India’s growing base of young learners and professionals. Its approach blends manufacturing excellence with deep consumer insight, turning everyday essentials into creative companions.
“Doms is more than just a manufacturer, we are a brand that inspires creativity, learning and self-expression,” Raveshia said, adding that the company’s expansion in the domestic market has been complemented by a strong push internationally.
The company’s partnership with FILA, its global distribution ally, continues to gain traction with encouraging feedback from international markets where DOMS’ products have debuted.
Backed by India’s robust domestic consumption and its own extensive distribution network, Doms is staying on course to meet its annual growth target of 18–20 per cent, likely leaning toward the higher end of that range.
With consistent top-line expansion, stable margins, and strategic capacity building, Doms is drawing a picture of disciplined, sustainable growth, one where every stroke reflects balance, confidence, and creativity
Brands
Jubilant FoodWorks faces Rs 47.5 crore GST demand, plans appeal
Tax authorities flag alleged misclassification of restaurant services
MUMBAI: Jubilant FoodWorks Limited has landed in a tax tussle after receiving a GST demand of Rs 47.5 crore from the office of the additional commissioner of CGST and central excise in Thane, Maharashtra.
The order, issued under the provisions of the Central Goods and Services Tax Act, 2017, relates to an alleged incorrect classification of certain services under the category of restaurant services. According to the tax authorities, this classification resulted in a short payment of goods and services tax for the period between the financial years 2019-20 and 2021-22.
The demand includes Rs 47.5 crore in GST along with an equal amount as penalty, in addition to applicable interest. The order was received by the company on March 13, 2026.
In a regulatory filing to the BSE Limited and the National Stock Exchange of India Limited, the company said it disagrees with the order and believes its arguments were not adequately considered.
The company is preparing to challenge the decision and plans to file an appeal. It added that once the redressal process is complete, the demand is likely to be dropped.
Despite the sizeable figure attached to the notice, the company said it does not expect any material impact on its financials, operations or other activities.
The disclosure was signed by Suman Hegde, EVP and chief financial officer, who confirmed that the company received the order at 19:06 IST on March 13 and has already initiated steps to contest it.
The development places the quick service restaurant major in the middle of a tax debate that could hinge on how certain restaurant-linked services are classified under GST rules. For now, the company appears ready to take the matter from the tax office to the appeals desk.
