DOMS Industries (DOMS) Q3 25/26 earnings summary

Executive summary

• Q3 and nine-month FY26 saw strong year-over-year revenue and profit growth, driven by robust domestic demand, expanding export markets, and new product launches supported by R&D and the FILA partnership.

• Strategic initiatives included capacity expansions, acquisition of land in Jammu, ongoing construction of a major facility in Gujarat, and a 50/50 JV with Seven SpA for premium backpacks.

• Product portfolio diversification and increased trading activity in paper stationery and baby hygiene segments were supported by OEM partnerships and new product introductions.

• Board approved ESOP allotments and incorporation of DOMS Foundation for CSR.

• Recent acquisitions include stakes in Uniclan Healthcare, SKIDO Industries, Super Treads Pvt. Ltd., and increased stake in Pioneer Stationery.

Financial highlights

• Q3 FY26 consolidated operating revenue: ₹59,219.42 lakhs (₹592.2 crore), up 18.2% year-over-year; 9M FY26 revenue: ₹172,238.20 lakhs (₹1,722.4 crore), up 22.7%.

• Q3 consolidated EBITDA: ₹10,340 lakhs (₹103.4 crore), up 17.7% year-over-year; EBITDA margin at 17.5%.

• Q3 profit after tax: ₹6,123.29 lakhs (₹61.4 crore), up 13.1% year-over-year; PAT margin at 10.4%.

• Q3 gross profit margin: 44.2%; 9M EBITDA margin: 17.5%; 9M PAT margin: 10.5%.

• Nine-month CapEx spend: ~₹23,000 lakhs (₹230 crore); full-year CapEx expected to exceed ₹25,000 lakhs (₹250 crore).

Outlook and guidance

• FY26 revenue growth expected at the upper end of 18%-20% guidance, with commercial operations at the new 44-acre Umbergaon facility to commence in Q2FY27.

• FY27 CapEx planned at ₹22,500-25,000 lakhs (₹225-250 crore), with phased capacity additions supporting volume-driven growth.

• Scholastic stationery and art segments expected to see significant growth as new capacities come online.

• Joint venture with Seven SpA to be completed by June 30, 2026, targeting new product lines and global supply.

• Continued focus on expanding product portfolio, leveraging recent acquisitions, and strengthening distribution.