DOMS Industries reported a 24.1% increase in consolidated operating revenue for Q2 FY26, reaching INR567.9 crores, despite challenges from the GST 2.0 transition. Growth was primarily driven by strong performance in domestic markets and volume increases, while international business saw a 18.5% rise in gross product sales. The company maintains a positive outlook, expecting continued growth supported by product introductions and strategic expansions.
Financial Performance
For Q2 FY26, DOMS Industries reported consolidated operating revenues of INR567.9 crores, marking a growth of 24.1% compared to the same quarter last financial year. This growth was primarily fueled by impressive performance in the domestic market. International business also showed positive momentum, with gross product sales growing by 18.5% year-on-year. Domestic gross product sales grew by 28%.
The company’s consolidated EBITDA for Q2 FY26 increased by 15.8% to INR99.5 crores, compared to INR85.9 crores in Q2 FY25. The EBITDA margin for the quarter stood at 17.5%.
Profit after tax for the quarter was INR60.9 crores, reflecting a 13.4% growth over the same period in the previous financial year, with a PAT margin of 10.7%.
Growth Drivers and Initiatives
Despite the impact of the GST 2.0 transition, the company sustained its growth momentum. The government’s announcement of GST 2.0 reforms, which reduced rates across key product categories, caused temporary disruptions in September due to inventory clearance and order postponements. Despite this, DOMS achieved positive sales growth.
The company has also been expanding its product portfolio, introducing new products across all segments. This includes scholastic art materials, kits and combo packs, and office supplies, such as newly designed mechanical pencils.
Uniclan Healthcare, DOMS’ baby hygiene business, also yielded positive results, contributing to overall growth.
Expansion Plans
DOMS is progressing with its 44-acre expansion project, though there have been slight construction delays. The company anticipates possession of the first building in Q4 FY26 and commencement of commercial production from Q1 FY27. This expansion is intended to support growth objectives in the core stationery and art material segment.
Looking Ahead
DOMS Industries remains optimistic about the second half of the year, supported by continuous product introduction, strategic expansion initiatives, and increasing market penetration. The company is strategically positioned to capitalize on demand opportunities, especially with supportive government initiatives including GST and income tax cuts.
Source: BSE
