DOMS Industries Limited is a stationery and art product company primarily engaged in designing, developing, manufacturing, and selling a wide range of these products under the flagship brand, DOMS. The company is headquartered in Valsad, Gujarat, and has established itself as a significant player in India's stationery market since its incorporation in 2006.
DOMS Industries Limited traces its lineage back over 4 decades, with the formation of a partnership firm, 'R.R. Industries' by the founders, Late Shri Rasiklal Amritlal Raveshia and Late Shri Mansukhlal Jamnadas Rajani in 1976. In 2005, the company launched its flagship brand, DOMS, which originally stood for "Dynamic Organization Manufacturing Stationery".
The company is the 2nd largest player in India's branded stationery and art products market. It held 29% and 30% market share for its core products in FY23 for pencils and mathematical instrument boxes, respectively. The company has demonstrated remarkable growth and market penetration, establishing itself as a formidable competitor against established brands like Nataraj, Apsara, and Camlin.
The flagship brand, DOMS, also houses several other brands and sub-brands, including C3, Amariz, and Fixyfix. C3 was created to cater to rural areas by offering affordable polymer-based pencils instead of traditional wooden ones.
The company works under a multinational Italian company Fila Group. DOMS' partnership with FILA allows the brand to tap into the Asia Pacific and Middle East markets. At the same time, DOMS can sell FILA's products in the Indian Subcontinent.
The company's products are classified across various categories such as scholastic stationery, scholastic art material, paper stationery, kits and combos, office supplies, hobby and craft, and fine art products.
- The domestic stationery business (Pencils, erasers, and sharpeners) brings in 45%-47% of the revenue.
- Art Materials (Colour Pencils and crayons) bring in 23%-26% of revenue.
- Kits & Combos contribute to 9%-10% of the revenue.
The company undertakes manufacturing operations in Umbergaon, Gujarat, and Bari Brahma, in Jammu and Kashmir. The Company operates 13 facilities across Gujarat. These facilities house end-to-end operations from conceptualization of design to distribution, increasing efficiency and reducing operating costs.
DOMS Industries Ltd has a market capitalization of ₹14,805 Crore as of June 2025. The company has demonstrated exceptional financial performance with strong revenue growth and profitability improvements.
For the full year FY25:
- Net profit rose 32.13% to ₹202.34 Crore in the year ended March 2025, as against ₹153.14 Crore during the previous year ended March 2024.
- Sales rose 24.43% to ₹1,912.63 Crore in the year ended March 2025, as against ₹1,537.14 Crore during the previous year ended March 2024.
- Sales rose 26.00% to ₹508.73 Crore in the quarter ended March 2025, as against ₹403.74 Crore during the previous quarter ended March 2024.
- DOMS Industries Ltd's net profit jumped 7.24% since the last year same period to ₹48.44 Crore in Q4 FY2024-2025.
The domestic distribution network for general trade comprises over 100 super-stockists and 3,750 distributors along with a dedicated sales team of over 450 personnel covering more than 115,000 retail touch points over 3,500 cities and towns. The Company's market dominance is largely attributed to its massive network of 4000 distributors, with over 1.2 lakh retail touchpoints.
Geographically, the company caters to both domestic and international markets, operating in more than 45 countries throughout the world. The majority of its revenue is derived from the Indian (domestic) market.
With the 44-acre land parcel construction underway in full swing, with anticipated possession of the first building by Q3 FY26 and the beginning of commercial production slated for Q4 FY26, the company is poised to sustain its growth momentum.
- DOMS acquired 51% stake in Super Treads for ₹6.12 Crore, making it a subsidiary from June 1, 2025.
- DOMS Industries announced that the acquisition of an additional 13% stake in Pioneer Stationery, a subsidiary of the company, will be completed on or before July 31, 2025.
- The company announced a final dividend of ₹3.15 per share as of May 19, 2025.
Promoter holding in DOMS Industries Ltd has gone down to 70.38% as of March 2025 from 74.95% as of June 2024. This indicates a slight dilution in promoter holdings, which is common as companies grow and seek additional capital for expansion.
DOMS Industries Limited stands as a testament to successful business transformation and strategic growth in India's stationery market. With its strong brand portfolio, extensive distribution network, robust financial performance, and strategic expansion initiatives, the company is well-positioned to capitalize on the growing demand for quality stationery products both domestically and internationally.
