Brands
Doms draws a neat line as Q3 growth sharpens margins and momentum
MUMBAI: Pencils were sharp and notebooks full as Doms Industries Limited sketched out another solid quarter. The stationery and creative products maker reported a robust performance in the third quarter of FY26, powered by steady demand across scholastic, office and hobby categories, even as margins stayed largely in line with recent quarters.
Revenue from operations in Q3FY26 climbed 18.2 per cent year-on-year to Rs 592.2 crore, and rose 4.3 per cent sequentially from Q2FY26, underlining a sustained growth run. EBITDA for the quarter increased 17.7 per cent year-on-year to Rs 103.4 crore, with margins holding steady at 17.5 per cent, unchanged from both the year-ago and previous quarters.
Net profit told a similar story. Profit after tax rose 13.1 per cent year-on-year to Rs 61.4 crore, though margins eased slightly to 10.4 per cent, compared with 10.8 per cent in Q3FY25 and 10.7 per cent in Q2FY26.
For the nine months ended FY26, DOMS’ topline expanded at a faster clip. Revenue from operations grew 22.7 per cent year-on-year to Rs 1,722.4 crore. EBITDA for the period rose 15.9 per cent to Rs 301.7 crore, with margins at 17.5 per cent versus 18.5 per cent last year. PAT for the nine-month period increased 11.8 per cent to Rs 181.4 crore, while margins softened to 10.5 per cent from 11.6 per cent in the corresponding period.
The growth was led by consistent performance in core categories such as Scholastic Art Materials, Office Supplies, Kits and Combos, and the Hobby and Craft segment. The baby hygiene business also clocked healthy growth, aided by winter demand for diapers and higher capacity compared with last year.
Geographically, domestic demand remained strong across product lines. Exports showed modest growth despite challenges in the US market following higher tariffs, supported by rising demand for Doms-branded products and the positive impact of the FILA distribution agreement.
Margins over the nine-month period were marginally lower, reflecting the full consolidation of Uniclan Healthcare and reduced other income as cash was deployed towards capital expenditure. Even so, profitability stayed within the company’s guided range, with core businesses delivering stable margins and healthy volumes.
Looking ahead, Doms is gearing up for its next phase of expansion. The company’s 44-acre project, delayed slightly by unseasonal rains last year, is now expected to see completion of initial buildings in Q1FY27, with commercial production likely to begin in Q2FY27. Additional investments in capacity expansion and process modernisation are also on the cards.
In short, Doms continues to colour within the lines growing steadily, managing costs with discipline, and preparing the canvas for its next growth chapter.
Brands
Delhivery chairman Deepak Kapoor, independent director Saugata Gupta quit board
Gurugram: Delhivery’s boardroom is being reset. Deepak Kapoor, chairman and independent director, has resigned with effect from April 1 as part of a planned board reconstitution, the logistics company said in an exchange filing. Saugata Gupta, managing director and chief executive of FMCG major Marico and an independent director on Delhivery’s board, has also stepped down.
Kapoor exits after an eight-year stint that included steering the company through its 2022 stock-market debut, a period that saw Delhivery transform from a venture-backed upstart into one of India’s most visible logistics platforms. Gupta, who joined the board in 2021, departs alongside him, marking a simultaneous clearing of two senior independent seats.
“Deepak and Saugata have been instrumental in our process of recognising the need for and enabling the reconstitution of the board of directors in line with our ambitious next phase of growth,” said Sahil Barua, managing director and chief executive, Delhivery. The statement frames the exits less as departures and more as deliberate succession, a boardroom shuffle timed to the company’s evolving scale and strategy.
The resignations arrive amid broader governance recalibration. In 2025, Delhivery appointed Emcure Pharmaceuticals whole-time director Namita Thapar, PB Fintech founder and chairman Yashish Dahiya, and IIM Bangalore faculty member Padmini Srinivasan as independent directors, signalling a tilt towards consumer, fintech and academic expertise at the board level.
Kapoor’s tenure spanned Delhivery’s most defining years, rapid network expansion, public listing and the push towards profitability in a bruising logistics market. Gupta’s presence brought FMCG and brand-scale perspective during a period when ecommerce volumes and last-mile delivery economics were being rewritten.
The twin exits, effective from the new financial year, underscore a familiar corporate rhythm: founders consolidate, veterans rotate out, and fresh voices are ushered in to script the next chapter. In India’s hyper-competitive logistics race, even the boardroom does not stand still.
Brands
Brnd.me enters Europe as haircare brands power global expansion
Bengaluru: Brnd.me, the global consumer brands company formerly known as Mensa Brands, has entered the European market following strong momentum across the Middle East, the United States and Canada.
The company has launched across the UK, Germany, France and Spain, with plans to expand into Italy, the Netherlands and Poland over the next year. The push is being led by its haircare and aromatherapy brands, Botanic Hearth and Majestic Pure, marking Brnd.me’s first structured expansion into Europe.
The European beauty market represents a total addressable opportunity of over $4 billion across haircare and aromatherapy, supported by high digital adoption and demand for accessible, performance-led products.
Brnd.me’s hair care and aromatherapy business currently operates at an annual run rate of around $6 million, with Botanic Hearth and Majestic Pure delivering roughly 10 per cent month-on-month growth, driven by expansion and rising repeat demand.
To support regional growth, the company has appointed a general manager based in Germany and is evaluating investments in warehousing and local team expansion.
Early traction has been strong. Within weeks of launch, Botanic Hearth’s rosemary hair oil ranked among the top five hair oils in Germany, signalling strong consumer pull in a competitive market.
Brnd.me founder and chief executive officer Ananth Narayanan, said Europe represents the next phase of the company’s international strategy. He added that the European business is expected to scale to a $10 million annual run rate by the end of 2026, with long-term ambitions to reach $60 million over the next six years.
The company’s Europe strategy centres on digital-first distribution, repeat demand and TikTok-led discovery, alongside direct-to-consumer expansion to strengthen brand equity and margins.
The move also aligns with growing EU–India trade engagement, supporting long-term sourcing and cross-border supply chains.
Brands
TechnoSport taps quick commerce with launch on Slikk’s 60-minute platform
NATIONAL: TechnoSport has launched on Slikk, the ultra-fast fashion app offering 60-minute delivery, as the activewear brand accelerates its push into quick commerce to capture Gen Z and young millennial shoppers.
The debut brings more than 150 high-performance styles to Slikk’s platform, with an average selling price of Rs 450, expanding TechnoSport’s reach across over 80 pin codes.
The partnership follows strong momentum for TechnoSport across Q-commerce channels, where the brand has recorded around 60 per cent volume growth over the past six months. The company expects quick commerce to contribute nearly 20 per cent of its revenue in the coming years as hyperlocal delivery gains scale.
Slikk, which recently raised $3.2 million in seed funding led by Lightspeed, has rapidly gained popularity among youth consumers seeking speed, trend relevance and impulse-led shopping experiences.
Activewear remains one of Slikk’s fastest-growing categories, driven by shoppers increasingly treating fitness-led fashion as an everyday essential. The platform has reported a 30-fold year-on-year increase in items sold, reflecting rising demand for performance wear that blends comfort with style.
TechnoSport chief executive officer Puspen Maity, said the collaboration would help the brand engage more closely with young consumers whose fashion choices are shaped by instant needs and lifestyle aspirations. He added that rapid delivery bridges the gap between intent and purchase, allowing shoppers to access activewear exactly when they want it.
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