Latest news with #DOMS
Business Standard
2 days ago
- Business
- Business Standard
DOMS Inds spurts after Q1 PAT jumps 10.5% YoY to Rs 57 cr
DOMS Industries surged 7.81% to Rs 2,466.20 after the company's consolidated net profit increased 10.5% to Rs 57.28 crore on a 26.4% rise in revenue from operations to Rs 562.28 crore in Q1 FY26 over Q1 FY25. Profit before tax stood at Rs 79.34 crore in Q1 FY26, up 8.4% from Rs 73.17 crore reported in the same period a year ago. EBITDA grew by 14.3% YoY to Rs 98.7 crore during the quarter. EBITDA margin reduced to 17.6% in Q1 FY26 compared to 19.4% recorded in Q1 FY25. Santosh Raveshia, managing director, DOMS Industries, said, Financial Year 2026 has begun on a positive note. The healthy year-on-year revenue growth of over 26% achieved in this quarter is a testament to the effectiveness of our timely capacity expansion, strategic initiatives, and the deepening trust in our brand. This growth lays a strong foundation to achieve our targeted annual growth of 18-20% in the near term. Building on this momentum, we're accelerating our growth initiatives. The successful completion of the acquisition of Super Treads strengthens our presence in the Eastern Indian market and adds significantly to our paper stationery manufacturing capacity. We believe this acquisition brings us closer to our customers in Eastern India, allowing us to cater to their needs more effectively, capture a larger market share, and capitalize on the growing demand for paper stationery products. We are also witnessing encouraging traction across all our product categories. During the quarter, we have continued to expand our product portfolio with the introduction of new products across all our product segments. Notable additions were made in our core categories of Scholastic Stationery, Scholastic Art Material, Kits & Combo Packs, Paper Stationery, and Office Supplies. We have also received encouraging responses for the new products introduced in the hobby & craft, baby hygiene, and back-to-school segments. Looking ahead, our approximately 44-acre expansion project remains on track, underscoring our long-term commitment to capacity enhancement and product diversification. With a strong foundation in place and an unwavering focus on excellence, we are confident that our vision of empowering the next generation through purposeful products will continue to drive sustainable value. DOMS Industries 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.
Malaysian Reserve
18-07-2025
- Business
- Malaysian Reserve
blueflite and Airspace Link Combine Forces on High-Performance Drone Logistics Projects
Partnership Leverages Michigan's AAM Activation Fund to Revolutionize Automotive Parts Delivery DETROIT, July 17, 2025 /PRNewswire/ — At Reindustrialize 2.0, Michigan's flagship advanced manufacturing and mobility conference, blueflite and Airspace Link announced their partnership that positions the two companies at the forefront of the drone revolution sweeping across the United States. This alliance brings together two of the most advanced U.S.-based systems in the drone ecosystem: blueflite's patented tiltrotor UAV platform, engineered for high-performance autonomous missions, and Airspace Link's enterprise-grade Drone Operations Management System (DOMS), built for safe, scalable unmanned flight operations. Airspace Link's DOMS provides critical infrastructure for urban airspace security and management, seamlessly integrating with existing infrastructure while delivering comprehensive data management, advanced security frameworks, and real-time operational oversight through unified system integration. Together, they deliver a turnkey solution for drone-powered commercial logistics at scale. 'This is the infrastructure the drone economy has been waiting for,' said Frank Noppel, CEO of blueflite. 'With this partnership, we are offering more than drone delivery, we are enabling a new aerial logistics network that's secure, autonomous, and built in America.' The announcement comes amid a surge of government support for the domestic drone industry, including over $30 billion in funding under H.R.1 and the June 2025 Executive Order on Drone Dominance, which calls for accelerated deployment of U.S.-made drone technologies. blueflite and Airspace Link are already working together under multiple contract awards across defense and healthcare sectors, proving the power of their integrated solution in real-world operations. 'The future of advanced drone mobility hinges on the safe and secure integration into the national airspace, hardware, software, and compliance. This partnership delivers all of it,' said Michael Healander, CEO of Airspace Link. 'It's the blueprint for safe, autonomous flight in complex environments.' From military logistics and emergency response to counter-UAS and infrastructure protection, the combined platform addresses urgent needs across both public and private sectors. With live deployments already underway, the companies' joint capabilities are being actively demonstrated through strategic partnerships including their work with Jack Demmer Automotive Group, one of the four AAM Activation Fund recipients announced by Michigan Governor Gretchen Whitmer today as part of Michigan's new Advanced Air Mobility Initiative. Strategic Implementation Through Michigan's AAM Initiative The Jack Demmer project, which received $740,000 in AAM Activation Fund support, represents a groundbreaking collaboration with blueflite and Airspace Link to revolutionize automotive parts delivery within a 12-mile radius of Jack Demmer Ford dealerships. This initiative directly addresses current logistics challenges caused by road congestion and workforce shortages in urban settings like metro Detroit, creating a more resilient and efficient supply chain through advanced aerial mobility solutions. The project aligns perfectly with Governor Whitmer's Executive Directive 2025-4, establishing the Michigan Advanced Air Mobility Initiative, which positions the state as a national leader in next-generation aviation technologies. As Governor Whitmer stated, 'Michigan has long been a hub of innovation, and with today's Advanced Air Mobility Initiative, we are building on that proud legacy to lead the future.' The directive calls for leveraging drone delivery and autonomous aerial systems to strengthen critical supply chains, protect national security, and reduce dependence on foreign manufacturing—goals directly embodied by the blueflite-Airspace Link partnership. As new opportunities emerge through strengthened government partnerships, blueflite and Airspace Link are uniquely positioned to lead the next wave of American aerial mobility, with proven capabilities being deployed in real-world commercial applications today. About blueflite blueflite is a Michigan-based aerospace company redefining aerial logistics through its proprietary tiltrotor drone platform. Built for autonomous, high-performance missions, the system is designed and manufactured entirely in the U.S. for deployment across commercial, defense, and emergency response sectors. About Airspace Link Founded in Detroit in 2018, Airspace Link is a leading FAA-approved UAS Service Supplier of LAANC and B4UFLY, creating the digital infrastructure for the safe integration of drones into the national airspace and local communities. As SOC 2 compliant and ISO 27001-certified, Airspace Link's drone operations management system, AirHub® Portal, empowers government entities, commercial fleets, certified drone pilots, and the broader drone industry with the tools needed to enable safe, compliant, and efficient drone operations. For more information about Airspace Link and AirHub® Portal, visit Media Contact Airspace Link Rich Fahle Blueflite Info@
Health Line
24-06-2025
- Health
- Health Line
Best Equipment for Stretching and Myofascial Release in 2025: Expert Insights
This simple foam roller from Amazon comes in four lengths: 12, 18, 24, and 36 inches. A 2020 review of existing research suggests that foam rollers can increase range of motion, improve recovery after exercise, and reduce delayed onset muscle soreness (DOMS). The authors of this study highlighted that using a foam roller can also improve stiffness, and the optimum usage time is around 90 to 120 seconds. It does this by reducing tension in the fascia around the muscles. The fascia is a strong connective tissue that is connected to all parts of your body that, if it becomes tight, can cause reduced range of motion. Dr. Minnis said that, 'A foam roller for soft tissue mobilization is helpful for iliotibial (IT) band loosening as it is a difficult area to stretch.' He also suggested people could use a roller stick for their IT band. To use a foam roller, you simply place it underneath the area of your body you would like to massage. For instance, if you'd like to release tension in the iliotibial band in your thigh—a common pain point for runners—get on your side and place the roller underneath your hip. Rolling back and forth, run the roller down to your knee and back up again.
Time of India
20-05-2025
- Business
- Time of India
DOMS Industries Q4 profit rises 9% on strong revenue growth, eyes double-digit growth in FY26
New Delhi: DOMS Industries , on Monday, has reported a solid 9.3 per cent year-on-year increase in net profit for Q4 FY25, which stood at Rs 51.3 crore, driven by healthy demand across core categories and new product launches, as per a regulatory filing. Its revenue for the quarter rose 26 per cent to Rs 508.7 crore, up from Rs 403.7 crore in the same period last year. EBITDA stood at Rs 88.3 crore, a growth of 16.2 per cent, although margins moderated to 17.3 per cent from 18.8 per cent in Q4 FY24. For the full fiscal year, the company posted a 33.7 per cent surge in net profit to Rs 213.5 crore, while revenue from operations grew 24.4 per cent to Rs 1,912.6 crore. EBITDA for FY25 stood at Rs 348.4 crore, up 27.8 per cent year-on-year, with margins improving to 18.2 per cent from 17.7 per cent last year. Santosh Raveshia , managing director of the company, attributed the performance to consistent execution and operational discipline despite macroeconomic challenges. 'This growth was supported by steady performance across our core categories, the launch of new products, and the smooth integration of Uniclan .' The board has recommended a dividend of Rs 3.15 per share (31.5 per cent), subject to approval. In line with its long-term strategy, DOMS is deepening its presence in the paper stationery segment with the acquisition of a 51 per cent stake in Siliguri-based Super Treads Private Limited . The move is expected to enhance production capabilities and cater to growing demand in East India. Looking ahead, the company remains optimistic about sustaining a double-digit growth trajectory in FY26, supported by continued investments in scholastic and office stationery and paper products. Construction is underway at its 44-acre greenfield facility, with the first building expected by Q3 FY26 and commercial production slated for Q4 FY26. 'We are poised to maintain our growth momentum through capacity expansion, product innovation, and stronger market penetration,' said Raveshia. DOMS Industries, known for branded stationery, said it will continue to evolve as a category leader by leveraging premiumisation, strategic acquisitions, and disciplined execution.
Mint
23-04-2025
- Business
- Mint
Proxy advisers rule against agreement between DOMS promoters
Mumbai: Stationery major DOMS Industries Ltd wants to return to the status quo it had before its public markets debut in 2023, where its two sets of promoters have an agreement on board appointments, sharing of information, exclusivity to certain markets, and a veto on key company decisions. Italian stationery and art supplies maker Fabbrica Italiana Lapis ed Affini SpA (FILA) is one of the promoters. The other set of promoters, who are based in India, include Santosh Raveshia, Sanjay Rajani, Ketan Rajani and Chandni Somaiya, among others. Together, the two promoters groups own 70.39% of the company's shares. However, three proxy advisory firms have recommended that shareholders vote against three resolutions put forth by the company that would enshrine this pre-initial public offering (IPO) agreement between its promoters into its articles of association. Also read | How did Gensol's lenders miss a ₹ 262-crore gap for more than a year? If approved, these resolutions will effectively give the company's Indian promoters the right to appoint the managing director, its Italian promoter FILA to appoint the chairman, and distribute the rights to appoint various board committees between them. The promoters will also have rights on board nominations corresponding to their shareholding. The company could also expand its board from a maximum of 15 to 20 directors. Currently, it has 12 directors, four of who are independent. The Indian company will give exclusive rights to FILA to distribute its products in export markets where the Italian company already has a presence, as part of a shareholder's agreement put forth by the company for shareholder ratification. Meanwhile, DOMS will have exclusive rights to distribute FILA products in India, Nepal, Bhutan, Sri Lanka, Bangladesh, Myanmar and Maldives. Lastly, FILA will have access to the financial and non-financial information of DOMS Industries on a monthly basis. Proxy advisory firms InGovern, Institutional Investor Advisory Services (IiAS) and Stakeholder Empowerment Services (SES) have recommended that shareholders vote against the three resolutions put forth by the stationery company citing corporate governance concerns. 'As a governance best practice, we recommend the Chair of the Board should be an Independent Director. We do not support clauses that allow a promoter to nominate Chair," InGovern noted in its report published this month. Meanwhile, it said the appointment of the managing director should be done in consultation with the nomination and remuneration committee, which should consist of only independent directors. It should not be the exclusive prerogative of the Indian promoters, it said. Also read | Creditors seize pledged shares as small, mid-caps slide The clause allowing FILA exclusive distribution rights for products made by DOMS in export markets where it is already present 'restricts the company's future exports and profitability based on FILA's decisions", proxy advisor IiAS noted in its report. DOMS Industries said these agreements with FILA existed before its IPO but had to be terminated during the listing process. 'We had this agreement with FILA since 2012. However, when we were going for the IPO, Sebi (Securities and Exchange Board of India) said that we had to terminate the agreement and renew it post listing with shareholder approval. That is what we are doing now," a spokesperson for the company said. SES said that similarly sized companies have a board strength of about nine. Currently, DOMS has a board consisting of twelve directors - four executive directors, four non-executive non-independent directors and four independent directors. 'To SES, it appears that the proposed increase is de-linked from any requirements of the Company. Rather, it seems to be a provision being created to accommodate the 'Special Rights" clause that is contained under the (shareholders agreement," the proxy advisory firm noted in its report. The DOMS spokesperson said that the company wants to increase the board size to accommodate a non-independent chairperson appointed by FILA. Having a non-independent chairperson would make it mandatory for the company to have half of its board members to be independent by law. The company wants a larger board to accommodate eight independent directors, which would take its total board strength to 16 – more than the 15 currently allowed by its articles of association. Italian stationery and art supplies maker FILA, which invested in DOMS in 2012, currently holds 26.01% stake in the company. The company's Indian promoters control 44.37%, taking the total promoter shareholding to 70.39%. Also read | Adani Ports to buy Australian terminal from promoter entity The special resolutions put forth by the company would need at least 75% shareholder votes in favour for ratification. A negative verdict by proxy advisory firms could put in jeopardy the company's plans to return to its pre-IPO status quo. Institutional investors like mutual funds, insurance companies and foreign funds, which control about 25.72% of the company, rely on the inputs of proxy advisors for their voting decisions. The e-voting on the resolutions began on 27 March and will close on Friday, 25 April at 5 pm. 'The company has been implementing strategic initiatives over the last couple of years, and these efforts are expected to bear fruit in the coming year," analysts at Axis Securities said in a note on 5 February. Key initiatives include focus on operational efficiency, expansion into the pens category from its focus on pencils, investment in a greenfield manufacturing facility and expansion of its distribution channel. Shares of DOMS Industries gained 3.9% on Tuesday to close at ₹ 3,010. The stock has gained 66% in the last year compared to an 8% gain in benchmark Sensex over the same period. Known for its pencils, the company has a market capitalization of ₹ 18,266 crore.
