Doms Industries crosses Rs 2,000 crore revenue mark in FY26

MUMBAI: For Doms Industries, FY26 appears to have been written in permanent ink. Doms Industries Limited crossed the Rs 2,000 crore revenue milestone in FY26, capping off another year of steady growth for the stationery and art materials maker as expanding scale, acquisitions and manufacturing investments continued to sharpen its position in India’s fast-growing consumer products space. The company reported standalone revenue from operations of Rs 2,049.64 crore for the year ended 31 March 2026, up from Rs 1,709.10 crore in FY25, reflecting a nearly 20 per cent rise year-on-year. Total income stood at Rs 2,067.15 crore compared to Rs 1,731.30 crore a year earlier.

Profit before tax climbed to Rs 294.84 crore from Rs 254.97 crore in FY25, while net profit rose to Rs 219.51 crore against Rs 189.86 crore last year. Total comprehensive income for FY26 came in at Rs 218.09 crore.

The final quarter also delivered a strong finish. Revenue from operations for Q4 FY26 grew to Rs 531.89 crore compared to Rs 439.79 crore in the corresponding quarter last year. Net profit for the quarter stood at Rs 54.06 crore, up from Rs 46.13 crore a year ago.

The performance comes as Doms continues to expand aggressively across categories and manufacturing capacity, while also strengthening its subsidiary portfolio.

During FY26, the company acquired a 51 per cent stake in Super Treads Private Limited for Rs 61.20 crore, adding another strategic layer to its business operations. Doms also increased its holding in subsidiary Pioneer Stationery Private Limited to 64 per cent through additional share purchases worth Rs 11.08 crore.

Even as growth stayed strong, the company continued investing heavily in expansion. Property, plant and equipment rose to Rs 522.94 crore as of March 2026, while capital work-in-progress surged to Rs 157.59 crore, signalling ongoing investments in future manufacturing capacity.

The company acknowledged a slight delay in completing its new manufacturing facility due to unseasonal rains during the second and third quarters of FY26. Originally targeted for completion by March 2026, the project timeline has now been extended, although the company said construction and installation work is progressing steadily.

Margins, meanwhile, remained under watch as input costs and employee expenses continued to rise alongside scale. Total expenses for FY26 increased to Rs 1,772.31 crore from Rs 1,476.33 crore in FY25. Material consumption alone crossed Rs 1,050 crore during the year.

Still, operational momentum remained firm across categories. Employee benefit expenses rose to Rs 285.11 crore while depreciation and amortisation costs increased to Rs 68.23 crore, reflecting the company’s growing infrastructure footprint.

Cash flow from operating activities also strengthened significantly, rising to Rs 226.18 crore compared to Rs 149.17 crore in FY25. At the same time, Doms continued to spend aggressively on expansion, with over Rs 265 crore deployed towards property, plant and equipment investments during the year.

The company’s balance sheet remained robust despite the investment push. Total equity increased to Rs 1,170.21 crore as of March 2026, up from Rs 964.42 crore a year earlier.

In another notable development, Doms, along with its subsidiaries and associates, incorporated a Section 8 company named “Doms Foundation” in March 2026, signalling a broader push towards structured social impact initiatives.

With demand for organised stationery brands continuing to grow across schools, offices and hobby segments, Doms appears determined to colour outside the lines. And if FY26 is any indication, the company’s growth story still has plenty of blank pages left to fill.