Latest news with #EasternIndian
Business Standard
11-08-2025
- 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.
Mint
11-08-2025
- Business
- Mint
DOMS Industries share price jumps 12% to 11-week high after Q1 results. Should you buy?
DOMS Industries saw its share price soar sharply in Monday's intraday trade (August 11), gaining 12.3% to reach a 11-week high of ₹ 2,569 apiece following the company's June-quarter performance, which came in above analysts estimates. The company reported a net profit of ₹ 59.1 crore for Q1, up 8.8% YoY compared to Q1FY25 and 15.3% higher compared to preceding March quarter. Revenue from operations grew 26.4% YoY to ₹ 562.3 crore and 10.5% sequentially from Q4 FY25. Core stationery business growth stood at 18%, with incremental gains driven by higher sales from the recently acquired Uniclan business. This was in line with expectations, aided by capacity additions and expansion of channel partners. The Uniclan business recorded sales of ₹ 36 crore, driven by increased penetration through new channel partners, according to analysts. At the operating level, EBITDA grew 14.3% YoY to ₹ 98.7 crore and 11.9% sequentially. The EBITDA margin contracted by 185 basis points YoY to 17.6%, which was slightly better than estimates and near the upper end of management's guidance of 16.5–17.5%. On a segmental basis, core stationery business EBITDA margins stood at 18%, while Uniclan's EBITDA margins were lower at 6.8%. In its earnings filing, the company said that the successful completion of the acquisition of Super Treads Private Limited strengthens its presence in the Eastern Indian market and adds significantly to its paper stationery manufacturing capacity. The acquisition, it said, brings it closer to customers in Eastern India, allowing it to cater to their needs more effectively, capture a larger market share, and capitalize on the growing demand for paper stationery products. During the quarter, the company continued to expand its product portfolio with the introduction of new products across all its product segments. Notable additions it made in its core categories of Scholastic Stationery, Scholastic Art Material, Kits & Combo Packs, Paper Stationery, and Office Supplies. The company also reported encouraging responses for the new products introduced in the hobby & craft, baby hygiene, and back-to-school segments. Following the company's performance in Q1, JM Financial has retained its 'buy' rating on the stock, with a target price of ₹ 2845 apiece. "We like DOMS' execution so far as well as its strategy of increasing TAM and extending to additional categories (like toys, bags, baby care, etc.). Going ahead, the pace of commissioning of new capacities will be key for acceleration in writing instruments," said the brokerage. Execution on paper stationery & Uniclan business (distribution expansion) over the medium term will be another key monitorable, it further said. Disclaimer: The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. We advise investors to check with certified experts before making any investment decisions.
Time of India
10-08-2025
- Lifestyle
- Time of India
City's Culinary talent takes center stage at two-day festival
Kolkata's vibrant food scene came alive on August 2 and 3 as chefs, students, and culinary enthusiasts gathered at Milan Mela Grounds for a landmark two-day festival celebrating Eastern India's rich culinary heritage and innovation. Over 300 participants and attendees witnessed a series of competitions, live cooking demonstrations, and insightful discussions aimed at showcasing regional flavours and nurturing local talent for the global stage. The event kicked off with an artful cake competition, followed by a traditional thali presentation that beautifully highlighted the diversity of Eastern Indian cuisine. Panel discussions explored themes such as the narrowing gap between home cooks and professionals, while live demonstrations showcased Odia and Bengali dishes, bringing the region's culinary traditions vividly to life. Day two featured a sweet-making contest that reimagined Indian mithai, alongside demonstrations of North Eastern and Jharkhand cuisines. The festival culminated in a final cook-off, where professionals and students presented their signature appetisers and main courses, followed by a felicitation ceremony that celebrated the passion and skill on display. Chef Abhiru Biswas, President of the Eastern India Culinary Association, reflected on the festival's broader significance: 'We formed this association in November 2024 with a mission beyond just hosting shows—we aim to uncover culinary talent from deep within cities, villages, tribal areas, and urban pockets. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like What is an insulated prefabricated house and how much does it cost? (View) Prefabricated Homes View Deals Undo Eastern India is blessed with an incredibly rich food culture, from starters to sweets, and our goal is to preserve local and traditional recipes, place them on the global stage, and address the industry's shortage of skilled professionals. ' He highlighted the diverse participation this year, noting that 'more than 300 participants—from Purulia, Bardhaman, Durgapur, Odisha, Sikkim, Nagaland, Tripura, and beyond—have joined, many from remote areas. For me, food comes from the heart; the best chefs in the world are still our mothers, because they cook with love. Skills can be learned from books or videos, but true culinary excellence comes from hand experience, discipline, and passion. ' Adding to this perspective, renowned Chef Satish Arora called the festival 'not just an event, it's a movement.' He said, 'I've seen so many youngsters, budding chefs, students, and homemakers put in the courage, time, and effort to showcase their skills, and I truly believe India has a lot of hidden talent. Our culinary colleges should give more emphasis to Indian cuisine alongside continental dishes.' He also stressed the importance of balance between creativity and authenticity: 'While there's incredible creativity on display, I feel some people are more focused on presentation than passion. Cooking demands proper techniques, careful ingredient selection, and serving food at the right temperature so flavour, texture, and gloss come alive. I'm glad to see a growing interest in regional cuisines—Bengali, Chettinad, Odia, Naga—and I'll always say: fusion should not create confusion; authenticity must remain. ' On the use of ingredients, he added, 'Seasonal ingredients are essential. Mangoes, custard apples, fresh green methi—when eaten in season—have a flavour that simply can't be matched out of season.' As the festival closes on its first successful edition, both chefs expressed optimism: 'This is only the first season of this gathering, and I'm certain future editions will be even more innovative and successful.'
Business Standard
11-07-2025
- Business
- Business Standard
Dodla Dairy's board nod to acquire 100% stake in HR Food Processing
Dodla Dairy said that its board has approved the acquisition of a 100% stake in HR Food Processing (OSAM) for a total consideration of Rs 271 crore. HR Food Processing is engaged in manufacturing and sale of milk and milk products. With its premium brand Osam and has established a strong dairy ecosystem in Bihar and Jharkhand. Its turnover was Rs 282.6 crore in FY25. The objective of acquisition is to enter new geographical markets, particularly in Eastern India. Since HR Food Processing operates in a similar line of business, this strategic move is expected to strengthen Dodla Dairys presence in Bihar, Jharkhand, West Bengal, and the broader Eastern Indian dairy market. The purchase consideration includes an enterprise value of Rs 247.2 crore along with net cash of Rs 23.8 crore, totaling to Rs 271 crore. Post-acquisition, HR Food Processing will become a wholly owned subsidiary of Dodla Dairy. This is a fully cash transaction which is expected to be completed in one to two months from the date of signing the SPAs and other transaction documents / agreements, or such other period as may be extended by the parties to the SPA. Dodla Sunil Reddy, managing director of Dodla Dairy, said, We are thrilled to announce the proposed acquisition of Osam, marking a significant milestone in Dodlas journey. This strategic move underscores our commitment to becoming a Pan-India dairy company. As a market, Eastern India is a very exciting market for the dairy industry with faster growth as compared to the national average. This market supports a large population, & milk consumption has immense headroom for growth driven by high urbanization potential and strong GDP growth. We see tremendous synergies with Osam, which, when combined with Dodla's strong operational experience, will enable us to take this to the next level. Dodla Dairy is a leading Indian dairy company. It procures, processes, and sells a wide range of milk and milk products. The companys product portfolio consists of milk, butter milk, ghee, curd, paneer, flavoured milk, doodh peda, lassi, ice cream and milk based sweets. The dairy product maker reported 45.12% surge in consolidated net profit to Rs 67.96 crore on 15.51% jump in revenue from operations to Rs 909.62 crore in Q4 FY25 over Q4 FY24. The counter rose 0.73% to Rs 1,422.35 on the BSE.
