DOMS · Fast Moving Consumer Goods
DOMS Industries Ltd. reported revenue of ₹568 cr for July to September 2025, +24.0% on the year and +1.1% on the quarter. It is the highest quarterly revenue in the last 10 quarters on record. Over the last four quarters revenue comes to ₹2,140 cr, +27.5% on the four before.
Operating profit (EBITDA) was ₹99.5 cr, a margin of 17.5%, −125 bps on the year and −9 bps on the quarter. Over the last 8 quarters the margin has ranged from 17.3% to 19.3%, averaging 18.2%. Operating costs grew +25.9%, faster than revenue at +24.0%, so operating profit grew less than sales.
Net profit was ₹60.9 cr, +12.7% on the year and +3.1% on the quarter, with earnings per share of ₹9.60. Profit before other income, one-offs and tax grew 14.2%, so the profit growth came from the business itself. The tax rate of 26% is in line with its recent average. Profit over the last four quarters totals ₹225 cr, +15.9% on the four before.
FMCG growth splits into volume and price. When margins rise while revenue grows slowly, the cause is usually easier input costs rather than stronger demand. The quarterly statements do not carry underlying volume growth, gross margin and rural against urban demand; those come with the filing read.
On earnings per share of ₹35.38 over the last four quarters, the stock at ₹2,102.60 trades at 59.4 times trailing earnings.
Written from the quarterly statements. The filing read adds the balance sheet and cash flow filed with this quarter, the auditor's review, segment results, one-off items line by line and what management said on the call.
No check fired. That is a statement about the checks below, not a verdict on the company.
Could not run on this quarter: Cash behind the profit, Receivables against sales, Inventory against sales, Borrowing while holding cash, Auditor's review or audit report, IPO money used as stated, Related-party transactions, Exits, postponements, restatements, Promoter pledges and allotments, Earlier promises against delivery, When the results were filed. Most need the filing read (balance sheet, cash flow, auditor, disclosures).
Net profit a year ago, each driver's change, and net profit now. Blue added profit, red took it away.
This quarter's filing carries a balance sheet and a cash flow statement. The cash, receivables and borrowing checks run once the filing read is in.
| Metric | Q2 FY26 |
|---|---|
| Gross margin | 43.8% |
| Consolidated EBITDA Margin | 17.5% |
| Domestic Share of Gross Product Sales | 86.1% |
| Export Share of Gross Product Sales | 13.9% |
Read using the FMCG framework (named in the filing read). Primary valuation lens: P/E against volume growth.
Read more closely in this sector: Volume against price in reported growth · Ad spend cut to protect margin.
| Q3 FY24 | Q4 FY24 | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 | Q2 FY27 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | ₹372 cr | ₹404 cr | ₹445 cr | ₹458 cr | ₹501 cr | ₹509 cr | ₹562 cr | ₹568 cr | ₹592 cr | ₹604 cr | ₹671 cr | ₹668 cr |
| YoY | — | — | +17% | +20% | +35% | +26% | +26% | +24% | +18% | +19% | +19% | +18% |
| EBITDA margin | 18.5% | 18.8% | 19.3% | 18.8% | 17.6% | 17.3% | 17.6% | 17.5% | 17.4% | 16.7% | 12.3% | 12.4% |
| Other income, % of PBT | 4% | 10% | 8% | 8% | 8% | 7% | 5% | 8% | 5% | 5% | 7% | 9% |
| Exceptional items | — | — | — | — | — | — | — | — | — | — | — | −₹10.4 cr |
| Tax rate | 26% | 25% | 26% | 26% | 26% | 25% | 26% | 26% | 25% | 26% | 26% | 25% |
| Net profit | ₹39.0 cr | ₹47.0 cr | ₹54.0 cr | ₹54.0 cr | ₹54.0 cr | ₹51.0 cr | ₹59.0 cr | ₹60.9 cr | ₹61.0 cr | ₹58.0 cr | ₹45.3 cr | ₹38.3 cr |
| YoY | — | — | +50% | +42% | +38% | +9% | +9% | +13% | +13% | +14% | −23% | −37% |
| Core profit YoY | — | — | +40% | +35% | +34% | +12% | +12% | +14% | +16% | +17% | −24% | −25% |
| EPS | ₹6.15 | ₹7.44 | ₹8.54 | ₹8.46 | ₹8.36 | ₹7.98 | ₹9.44 | ₹9.60 | ₹9.54 | ₹9.35 | ₹7.33 | ₹6.12 |
| Flags | · | · | ✓ | ✓ | ✓ | ✓ | ✓ | ✓ | ✓ | ✓ | 1 | 2 |
Each quarter is read with the same rules. Balance-sheet and cash checks run on half-year and annual quarters; filing-read checks run where a read exists.
DOMS Industries Ltd. reported revenue of ₹568 cr (+24.0% on the year) and net profit of ₹60.9 cr (+12.7% on the year) for July to September 2025.
Profit before other income, exceptional items and tax moved +14.2% on the year, against +12.7% for reported profit.
None of the 8 checks that could run raised a question.
No. FinMinutes reports what was filed and the questions the numbers raise. It does not recommend buying, selling or holding any security.
Numbers as filed with the exchanges, read by rules. Every flag is a question with its source, not an accusation. FinMinutes is a financial data and analytics platform; nothing here is a recommendation to buy, sell or hold any security. How each check works.