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

MUMBAI: For DOMS Industries, FY26 looked a lot like exam season plenty of pressure, rising costs, but still enough neat ticks in the right boxes. DOMS Industries Limited closed FY26 with consolidated revenue from operations rising 21.6 per cent year-on-year to Rs 2,326.4 crore, comfortably surpassing the company’s own guidance and reinforcing the growing appetite for branded stationery, art supplies and school-focused consumer products.

The company’s Q4 performance kept the momentum alive.

Revenue from operations for the March quarter climbed 18.7 per cent to Rs 604 crore, compared to Rs 508.7 crore in Q4 FY25, aided by steady domestic demand, product expansion and capacity additions.

And while the top line sharpened nicely, profitability margins faced a little scribble outside the lines.

Quarterly EBITDA rose 14.4 per cent to Rs 100.9 crore from Rs 88.3 crore a year earlier, though EBITDA margin slipped to 16.7 per cent from 17.3 per cent in Q4 FY25. For the full year, EBITDA grew 15.5 per cent to Rs 402.6 crore, while EBITDA margin narrowed to 17.3 per cent from 18.2 per cent.

Profit after tax for FY26 stood at Rs 239.6 crore, up 12.2 per cent from Rs 213.5 crore in FY25. Q4 PAT rose 13.5 per cent year-on-year to Rs 58.2 crore, while PAT margin softened to 9.6 per cent from 10.1 per cent.

Gross profit for FY26 increased to Rs 1,015.1 crore from Rs 832 crore, with gross margin inching up to 43.6 per cent.

The company said growth was driven by stable demand across key categories, fresh product launches and improved utilisation in its baby hygiene segment, a business that has quietly become an increasingly important piece of the DOMS playbook.

Managing director Santosh Raveshia said the company continued to see stable domestic demand backed by its distribution network and differentiated product portfolio, while exports remained resilient despite global uncertainty, trade tensions and geopolitical disruptions.

Still, FY26 was not entirely free of smudges.

DOMS flagged increased volatility in raw material prices and supply chain disruptions during the latter part of the March quarter, particularly due to geopolitical tensions in West Asia. The company said it has initiated calibrated pricing measures and cost-control efforts to cushion the impact on profitability.

Even so, the company appears firmly in expansion mode.

DOMS said the first phase of its sprawling 45-acre-plus manufacturing project is nearing completion. The first building is expected to be completed in Q1 FY27, with commercial production likely to begin towards the end of Q2 FY27.

The expansion is expected to improve operational flexibility and support the next leg of growth as the company pushes deeper into India’s fast-growing kids and youth consumer ecosystem.

Beyond the earnings presentation, the broader financials reflected the scale-up underway.

Standalone revenue from operations rose to Rs 2,049.6 crore in FY26 from Rs 1,709.1 crore in FY25, while standalone net profit increased to Rs 219.5 crore from Rs 189.9 crore.

The company’s balance sheet also strengthened, with total equity rising to Rs 1,17,020.5 lakh as of March 2026 from Rs 96,441.5 lakh a year earlier.

Cash generation remained healthy too. DOMS reported net cash flow from operating activities of Rs 226.2 crore during FY26, even as it invested heavily in manufacturing expansion, subsidiaries and infrastructure.

If the current pace holds, DOMS may no longer just be selling notebooks and pencils, it may well be sketching out one of the most aggressive growth stories in India’s branded stationery market.