Doms Industries will hold a meeting of the Board of Directors of the Company on 24 May 2024Powered by Capital Market - Live News

DOMS Industries has ventured into the manufacturing and retailing of bags, including school bags, pouches, and related items, to fortify its presence in the back-to-school market. The Board of Directors of DOMS approved the acquisition of a 51% stake in SKIDO Industries (SKIDO) with an initial investment of Rs 51 lakh, leaving the remaining ownership with the Sehgals. The Sehgal Family, backed by extensive experience, will oversee the day-to-day operations of SKIDO under DOMS` strategic direction. Following this acquisition, SKIDO will operate as an independent entity, helmed by the co-founders, the Sehgal family, led by Pranay Sehgal. Powered by Capital Market - Live News

Net profit of Doms Industries rose 46.32% to Rs 37.34 crore in the quarter ended December 2023 as against Rs 25.52 crore during the previous quarter ended December 2022. Sales rose 22.35% to Rs 371.61 crore in the quarter ended December 2023 as against Rs 303.73 crore during the previous quarter ended December 2022. ParticularsQuarter Ended�Dec. 2023Dec. 2022% Var. Sales371.61303.73 22 OPM %18.6616.00 - PBDT66.4246.65 42 PBT52.3936.30 44 NP37.3425.52 46 Powered by Capital Market - Live News

Doms Industries will hold a meeting of the Board of Directors of the Company on 9 February 2024.Powered by Capital Market - Live News

The equity shares of Doms Industries (Scrip Code: 544045) are listed effective 20 December 2023 and admitted to dealings on the Exchange in the list of ``B`` Group Securities.Powered by Capital Market - Live News