DOMS Industries Limited, as we know it today, traces its lineage back to over 4 decades, with the formation of a partnership firm, ‘R.R. Industries’ by our founders, Late Shri Rasiklal Amritlal Raveshia and Late Shri Mansukhlal Jamnadas Rajani, which over the years undertook the business of manufacturing and sale of scholastic stationery; scholastic art material; paper stationery; kits and combos; office supplies; hobby and craft; and fine art products.
- Revenue from operations for Q3’FY24 grew by a 22.3% to ₹ 3,716.1 million as compared to ₹ 3,037.3 million in Q3’FY23.
- EBITDA for Q3’FY24 grew by an impressive 42.7% to ₹ 693.5 Mn as compared to ₹ 485.8 million.
- Santosh Raveshia, Managing Director, DOMS Industries Limited said: “Q3’FY24 was a milestone period in the Company’s history with the successful listing of its equity shares on the Indian Stock Exchange. Our journey nurtured by the support and affection of countless stakeholders, has continuously inspired us to strive forward. I am pleased to inform you that we have registered a robust sales growth of 22.3% in Q3’FY24 backed by increase in capacities across our core product categories as well as introduction of new product segments. This growth performance was backed with strong growth in EBITDA margins primarily on account of lower raw material costs as well as owing to change in product sales mix. The consistent growth in our performance reflects the power of our Brand acceptance and is testimony of our effective implementation of our growth strategy.
