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
Reliance Retail FY26 revenue rises 11.8 Per Cent to Rs 3.7 lakh crore
Q4 revenue up 11.1 Per Cent, hyperlocal orders surge 4x, PAT steady
MUMBAI: Reliance Retail isn’t just ringing up sales, it’s ringing doorbells faster than ever. Reliance Retail Ventures Limited (RRVL) reported a steady FY26 performance, with growth powered by store expansion, a sharp surge in hyperlocal commerce, and consistent traction across grocery, fashion and jewellery. For the full year, revenue rose 11.8 per cent year-on-year to Rs 3,70,026 crore. In the January–March quarter, revenue from operations climbed 11.1 per cent to Rs 87,344 crore, up from Rs 78,622 crore a year earlier.
Operating performance remained stable, with Q4 EBITDA inching up 3.1 per cent YoY to Rs 6,921 crore from Rs 6,711 crore. However, quarterly profit after tax held steady at Rs 3,563 crore. For the full fiscal, PAT grew 11.7 per cent to Rs 13,842 crore.
Expansion remained a key lever. RRVL added 1,564 new stores during FY26, while simultaneously scaling its digital and hyperlocal commerce play. The latter emerged as a standout, with daily orders surging more than fourfold year-on-year in Q4, underlining a clear shift towards faster, localised fulfilment.
In grocery, large-format stores maintained momentum, aided by festive demand and the expansion of Smart Bazaar, which crossed 1,000 stores. Promotional campaigns such as ‘Full Paisa Vasool’ delivered record results, with sales rising 26 per cent YoY.
Digital commerce also picked up pace. JioMart added 5.8 million new users in Q4, nearly doubling its registered base year-on-year. Hyperlocal orders grew 29 per cent sequentially and over 300 per cent annually during the quarter.
Fashion and lifestyle saw steady traction. Ajio recorded a 23 per cent YoY rise in average bill value, while fast-fashion platform Shein crossed 11 million app installs, scaling rapidly with expanding product lines.
The jewellery business added further shine, with average bill value jumping 53 per cent YoY, largely driven by rising gold prices and sustained consumer demand.
Commenting on the shift, RRVL executive director Isha Ambani said hyperlocal commerce has become a structural growth driver, with orders rising more than fourfold over the year.
Looking ahead to FY27, the company is betting on technology to deepen engagement. The focus, Ambani noted, will be on AI-led merchandising, sharper pricing strategies and disciplined execution turning scale into sustained customer value.
In short, the carts are fuller, the clicks are quicker, and the next phase looks less about reach and more about precision.
