DOMS Industries Q4 Results Review: ICICI Securities Maintains 'Add', Cuts Target Price — Here's Why

DOMS reported revenue/Ebitda/PAT growth of 26%/16.2%/7.3% YoY. Adjusting for Uniclan acquisition, DOMS reported revenue growth of 13.4% YoY. While gross margins were flat YoY, EBbitda margin contracted 146 bps due to higher other expenditure..NDTV Profit’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer NDTV Profit’s subscribers an opportunity to expand their understanding of companies, sectors and the economy..ICICI Securities Report.While DOMS Industries Ltd. guides for 18–20% revenue growth in FY26, we believe there are upside risks such as: capacity expansion from Q3 FY26; strong consumer acceptance of Wowper and rollout of wet wipes; and innovation/launches of products of Skido and Clapjoy. .While the Uniclan (hygiene) business has relatively lower margins that DOMS, we believe it offers strong medium–long-term growth tailwinds. There is vacant space in hygiene products at affordable price points. Leveraging DOMS’ distribution/innovation abilities, Uniclan can be a strong value driver for DOMS over FY25–27. We believe, steady launches of differentiated products and distribution expansion are key monitorables. Since DOMS has products for age groups starting from infants to college going students to office supplies, the company has created multiple growth tailwinds; its customer acquisition cost too is likely lower than peers who operate in select segments of stationery. We cut FY26–27E EPS by 9.6–13.4% to factor in muted Q4 FY26 and guidance. We remain constructive. Maintain Add..Click on the attachment to read the full report:.Colgate Q4 Results Review: ICICI Securities Downgrades To 'Sell', Sees 32% Potential Downside — Here's Why.DISCLAIMERThis report is authored by an external party. NDTV Profit does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of NDTV Profit..Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

DOMS Industries Q4 Results Review: ICICI Securities Maintains 'Add', Cuts Target Price — Here's Why

ICICI Securities believes, steady launches of differentiated products and distribution expansion are key monitorables.

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