Q1 FY27 Financial Performance Highlights

Consolidated Key Financial Metrics (₹ Crore)

| Particulars | Q1'FY27 | Q1'FY26 | Y-o-Y % Change | Q4'FY26 | FY26 | FY25 | Y-o-Y % Change |

| Revenue from operations | 670.5 | 562.3 | 19.2% | 604.0 | 2,326.4 | 1,912.6 | 21.6% |

| Gross Profit | 255.8 | 236.9 | 8.0% | 267.7 | 1,015.1 | 832.0 | 22.0% |

| Gross Profit Margins (%) | 38.2% | 42.1% | - | 44.3% | 43.6% | 43.5% | - |

| EBITDA | 82.6 | 98.7 | -16.4% | 100.9 | 402.6 | 348.4 | 15.5% |

| EBITDA Margins (%) | 12.3% | 17.6% | - | 16.7% | 17.3% | 18.2% | - |

| PAT | 45.3 | 59.1 | -23.4% | 58.2 | 239.6 | 213.5 | 12.2% |

| PAT Margins (%) | 6.8% | 10.5% | - | 9.6% | 10.3% | 11.2% | - |

Expense Breakdown (₹ Crore)

  • Consumption Expenses: 414.7 (Q1'FY27) vs 325.4 (Q1'FY26)
  • Employee Benefits Expense: 94.3 (Q1'FY27) vs 76.4 (Q1'FY26)
  • Other Expenses: 78.9 (Q1'FY27) vs 61.8 (Q1'FY26)
  • Depreciation & Amortisation: 23.4 (Q1'FY27) vs 20.4 (Q1'FY26)
  • Finance Costs: 2.0 (Q1'FY27) vs 3.5 (Q1'FY26)

Operational Performance Drivers

Revenue Growth Factors

  • Strong domestic demand supported by healthy back-to-school season traction
  • Successful new product launches with encouraging consumer acceptance
  • Marginally higher ASPs driven by calibrated pricing actions to partially offset raw material inflation

Margin Compression Factors

  • Significant increase and volatility in raw material costs, driven by Middle East conflict and broader global uncertainties
  • Higher Employee Benefit Expenses due to new tranche of ESOP grants and increased headcount for upcoming new facility
  • Elevated other expenses due to Channel Partners Meet and milestone event marking possession of first building in 50+ acre project
  • Higher depreciation due to capacity expansion and commissioning of new facilities

Reynolds Brand Acquisition Update

Asset Acquisition Details

DOMS acquired various assets from Reynolds including:

  • Trademarks & Domain Names: Worldwide registered core brand identities (Brand 'Reynolds' and its Sub Brands)
  • Patents & Designs: Proprietary manufacturing moulds and product designs
  • Machinery & Equipment: Customised tools for Reynolds writing instruments
  • Inventory: Relevant closing stock
  • Key Customer & Supplier Contracts: Novation of relevant operational agreements
  • Employees: Relevant teams associated with Sales & Marketing of Reynolds Brand

Acquisition Rationale

  • Strengthening company's writing instrument portfolio - Reynolds major presence in ₹10 to ₹100 price segment helps elevate Group's product price point segment
  • Immediate expansion of manufacturing capabilities via asset acquisition - Shifting assets from Reynolds Chennai plant to new ~50 acres plant for speedy manufacturing expansion
  • Leveraging heritage of recognized legacy brand to facilitate engagement with wider audience
  • Bolster sales capabilities enabling greater market reach through multi-category product launches

Current Status

  • Implementation of Asset Purchase Agreement underway
  • Team integration completed
  • Transfer of Assets to Umbergaon undertaken
  • Full sales potential of Brand will be realized over time as integration across functions progresses

Expansion and Infrastructure Update

Manufacturing Facilities

  • 18 Manufacturing Facilities spread across 2.00+ million sq. ft. Operating Facility Area
  • Development at ~50+ acre Greenfield Project on track
  • Expect to commission 300,000+ sq. ft. of Operational Area by end of Q2'FY27

Additional Land Bank

  • Strategic land bank for future expansion: (i) ~50+ Acres (Greenfield Project) (ii) 11+ Acres (Adjoining Existing Facilities)

Backward Integration

  • Backward integrated in-house manufacturing infrastructure driving operational efficiency
  • From Sketch Pen Caps to Ink & Reservoir to Packaging Material - all manufactured in-house

F.I.L.A. Partnership Benefits

Global Export Distribution

  • Exclusive rights for export of DOMS products in FILA's existing areas of presence
  • FILA's infrastructure and market expertise combined with DOMS' diverse product range creates synergy

Exclusive Marketing Rights

  • Access to F.I.L.A. Group's popular and premium brands in Stationery & Art material industry
  • Exclusive Marketing Rights in 7 countries for FILA Group Products

Knowledge Sharing

  • Access to FILA Group's established product formulation and use case
  • Knowledge sharing of emerging global trends due to presence across 150 countries
  • Inputs from FILA Board Members with strong industry domain experience

Manufacturing Collaboration

  • Manufacture (OEM basis) for FILA Group using inhouse manufacturing capabilities
  • Assist in improving ability to source quality products at competitive prices from India for global sales
  • Aim to consolidate certain procurement activities across FILA Group

Workforce Details

  • Permanent Employees: 13,500+ (as of FY25)
  • Contracted Employees: 1,000+ (as of FY25)

Historical Financial Performance (Consolidated)

Income Statement Trends (₹ Crore)

| Particulars | FY22 | FY23 | FY24 | FY25 | FY26 |

| Revenue from operations | 425.1 | 742.7 | 1,547.3 | 1,935.2 | 2,326.4 |

| PAT | 17.1 | 102.9 | 159.7 | 213.5 | 239.6 |

Balance Sheet Position (₹ Crore)

| Particulars | FY22 | FY23 | FY24 | FY25 | FY26 |

| Total Assets | 497.5 | 639.8 | 1,190.0 | 1,519.6 | 1,711.8 |

| Total Equity | 258.1 | 355.3 | 842.2 | 1,082.5 | 1,302.1 |

| Property, Plant and Equipment | 186.1 | 279.9 | 374.6 | 498.4 | 594.4 |

| Inventories | 159.2 | 184.6 | 225.1 | 294.0 | 377.0 |

Cash Flow Overview (₹ Crore)

| Particulars | FY22 | FY23 | FY24 | FY25 | FY26 |

| Cash from Operating Activities | 50.9 | 173.3 | 182.5 | 183.3 | 254.3 |

| Cash used in Investing Activities | -33.7 | -135.9 | -457.5 | -139.6 | -148.6 |

| Cash from/(used in) Financing Activities | -30.6 | -12.4 | 297.2 | -39.8 | -112.7 |

Management Team

Senior management team includes:

  • Harshad Raveshia (Chief Consultant Wood Working Division)
  • Purav Raveshia (Vice President Product Development)
  • Santosh Swain (Vice President Purchase & General Affairs)
  • Suresh Rajani (Chief Consultant Colour Pencil Division)
  • Sumit Rajani (Vice President Color Pencil & Graphite Lead)
  • Rahul Shah (Chief Financial Officer)
  • Vijay Somaiya (Head - Polymer Division)
  • Suraj Raveshia (Vice President International Business)
  • Saumitra Prasad (Chief Marketing Officer)