shares were trading 1.58 per cent higher at ₹2,559 on the NSE as of 12:55 pm on Tuesday, following the release of better-than-expected second quarter results. The stock hit an intraday high of ₹2,582.50, with over 57,000 shares changing hands worth ₹14.57 crore.
JM Financial Institutional Securities maintained an ‘ADD’ rating on the stock with a revised target price of ₹2,875, noting that DOMS’ Q2FY26 earnings surpassed expectations on both revenue and profitability fronts. Analyst Mehul Desai highlighted that the stationery business remained stable with the core segment growing 17.4 per cent year-on-year, while subsidiary Uniclan’s sales jumped 3.3 times, despite GST transition headwinds.
The Umbergaon-based company reported a 24.1 per cent year-on-year revenue growth to ₹567.9 crore for Q2FY26, with EBITDA rising 15.8 per cent to ₹99.5 crore. However, EBITDA margin contracted to 17.5 per cent from 18.8 per cent in the year-ago period. Profit after tax increased 13.4 per cent to ₹60.9 crore, though PAT margin narrowed to 10.7 per cent from 11.7 per cent.
Managing Director Santosh Raveshia expressed confidence in achieving the company’s annual growth target of 18-20 per cent, attributing the performance to diversified product portfolio and efficient operations. JM Financial believes DOMS is well-positioned to deliver on its guidance, making execution of new capacities and sustained momentum in paper stationery key focus areas.