Doms Industries Ltd Share Price – NSE  /  BSE

Printing & Stationery, Small Cap

Profit before tax was at Rs 62.96 crore in Q4 FY24, up 28.12% from Rs 49.14 crore posted in the same period a year ago.

EBITDA rose 22.61% year on year to Rs 75.93 crore during the quarter. EBITDA margin stood at 18.8% in Q4 FY24 as compared to 18.4% recorded in Q4 FY23.

On a full year basis, the consolidated net profit climbed 59.84% to Rs 153.14 crore on 26.84% increase in revenue to Rs 1,537.14 crore in FY24 over FY23.

Meanwhile, the company’s board has recommended a final dividend of Rs 2.50 per share for FY24, subject to the approval of the shareholders.

Santosh Raveshia, managing director, DOMS Industries, said, “As we conclude FY24, we are pleased to report on a period marked by significant achievements and strategic initiatives that have reinforced our strong position in the stationery and art materials market. We continued seeing positive business traction resulting in robust sales growth coupled with further elevation of margins, reflecting upon the strength of the ‘DOMS’ Brand to connect with its consumers. We continue to prioritise our growth in the Indian markets with focused distribution network expansion and customer-centric approach.

The commencement of construction to create one of the largest single unit stationery and art material manufacturing facility at our ~44 acre land in Umbergaon shall pave way for significant capacity additions for the coming years thereby improving our ability to meet the growing demand for our products.

Looking ahead, we are focused on broadening our product portfolio and exploring new products & categories within the stationery and art materials market as well as products which are complementary to our current product portfolio. We seek to leverage our market position, understanding of consumer preferences and manufacturing expertise to pursue growth opportunities that shall expand our market share.”

Doms Industries is primarily engaged in manufacturing, marketing, trading and distribution of school stationery and art materials under the brand names 'DOMS' and 'C3'.

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Doms Industries announced that the Board of Directors of the Company at its meeting held on 24 May 2024, inter alia, have recommended the final dividend of Rs 2.5 per equity Share (i.e. 25%) , subject to the approval of the shareholders.

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Net profit of Doms Industries rose 32.93% to Rs 45.17 crore in the quarter ended March 2024 as against Rs 33.98 crore during the previous quarter ended March 2023. Sales rose 19.99% to Rs 403.74 crore in the quarter ended March 2024 as against Rs 336.48 crore during the previous quarter ended March 2023.

For the full year,net profit rose 59.84% to Rs 153.14 crore in the year ended March 2024 as against Rs 95.81 crore during the previous year ended March 2023. Sales rose 26.84% to Rs 1537.14 crore in the year ended March 2024 as against Rs 1211.89 crore during the previous year ended March 2023.

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Doms Industries announced that the Board of Directors of the Company at its meeting held on 24 May 2024, has recommended a Final dividend of Rs.2.50 per share (i.e.25%), subject to the approval of the shareholders.

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