DOMS Industries Limited reported a 23% decline in first-quarter profit, weighed down by significant volatility in raw material costs.
The stationery manufacturer attributed the margin compression to broader global uncertainties and the ongoing conflict in West Asia, which has disrupted supply chains and elevated input prices.
Shares of the company fell over 4% on the National Stock Exchange on Tuesday morning following the release of the results.
Shares of the company fell over 4% on the National Stock Exchange on Tuesday morning following the release of the results.
The sell-off reflects investor concern over the company's ability to pass on rising costs to consumers in a competitive market environment.
The earnings miss highlights the persistent pressure on Indian consumer goods companies facing input cost inflation.
While demand for stationery remains relatively stable, the margin squeeze from raw materials is eroding profitability.