Printing & Stationery · DOMS
Printing & Stationery
from 2,254 today
DOMS Industries reported 1QFY27 performance broadly in line with estimates, with revenue growing 19% YoY driven by the back-to-school season, new product launches, and higher ASPs. We maintain our BUY rating with a revised target price of INR 3,042, as demand remains resilient and supported by capacity additions and distribution expansion.
Given persistent volatility in RM prices, we cut our EPS estimates by 13%/5% for FY27E/FY28E, but maintain our BUY rating with a target price of Rs2,703 as we expect sales/PAT CAGR of 21%/19% over FY26-FY28E.
We maintain our BUY recommendation on the stock, underpinned by its strong long-term growth prospects, despite margin headwinds from rising raw material costs.
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