DOMS Industries Q3 results: Revenue at ₹372 crore; PAT at ₹39 crore
₹ 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 in Q3’FY23. EBIDTA margin for Q3’FY24 expanded by 270 bps to an impressive 18.7% as compared to 16.0% in Q3’FY23.
PAT for Q3’FY24 grew by an impressive 43.4% to ₹ 388.2 million as compared to ₹ 270.7 million in Q3’FY23. PAT margin for Q3’FY24 expanded to 10.4% as compared to 8.9% in Q3’FY23. 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. We believe that powerful consumer trends in India will continue to expand the Indian stationery and art material industry and our differentiated product offering to consumers will drive increasing market share. With an objective to quickly and effectively capitalise on this growth potential and capture higher market share, we continue to focus on expanding our manufacturing capabilities.
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