DOMS INDUSTRIES LIMITED

Makes and sells branded stationery products across India, generating ₹2,326.4 crores in FY26, up 21.6% year-on-year. The Stationery Products segment accounts for 91.3% of revenue and covers pencils, pens, mechanical pencils, highlighters, pencil boxes, school bags, stamp pads, and scholastic and art stationery. The Hygiene Products segment (Uniclan, baby hygiene) contributed 8.7% of revenue, with management targeting 20% growth and a 10% EBITDA margin over time. In July 2026, the company completed the acquisition of the Reynolds pen business from Reynolds Pens India, adding pens, markers, highlighters, and school supplies to the portfolio. A small new brand, SKIDO, posted ₹4.5 crores in Q4 revenue, up 60% year-on-year. The company is significantly expanding capacity with a 45-acre integrated facility under construction, new land acquisitions in Umargam and Jammu, and a joint venture with Italian F.I.L.A. Group in progress. Raw materials are the biggest cost at 53.9% of revenue, with about 40% of the input basket crude-linked; West Asia tensions drove 15-20% raw material inflation in FY26, against only 4-5% price increases taken so far, putting near-term margins under pressure.