DOMS Industries shares fall 4% after Q1 profit drops 23%
Management attributed the margin compression to significant volatility in raw material costs, driven by the West Asia conflict and broader global uncertainties
Shares of stationery manufacturer DOMS Industries Limited fell over 4% on the National Stock Exchange on Tuesday morning following a steep drop in quarterly profit. The decline was attributed to rising raw material costs, higher operating expenses, and expanded employee benefits. The stock opened at ₹2,175 and closed at ₹2,197.20, down ₹94.80 or 4.14%. The company's market capitalization was reported at approximately ₹13,354 crore at the time.
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