DOMS Industries witnessed a strong upside in today's trade, with the stock climbing more than 5% after Antique initiated coverage on the company with an optimistic Buy rating and a target price of ₹3,250. The brokerage's view signals renewed confidence in DOMS' growth potential within India's expanding consumption landscape. As of 9:32 AM, the shares were trading 5.66% higher at Rs 2,645.00.
According to Antique, DOMS is strategically positioned to outpace the broader consumption sector over the next few years. The firm expects the company's impressive growth trajectory -- nearly 25% annually -- to sustain through FY25-FY28, supported by stronger brand visibility, an expanding product portfolio, and a deeper push into new markets.
A key factor driving this bullish outlook is DOMS' successful effort in easing earlier capacity constraints through fresh greenfield capex. With additional manufacturing capacity coming online, DOMS is now in a better position to meet rising demand across stationery, art supplies, and related categories.
The brokerage also highlighted the significant room DOMS still has to expand its distribution reach across India. With penetration levels far below its potential, broader market access is likely to add another layer of long-term growth.
On the financial front, Antique expects the company's EBITDA margins and return ratios to remain aligned with its stated guidance. Over FY25-FY28, DOMS is projected to deliver robust compound annual growth across all major metrics -- approximately 21% in revenue, 20% in EBITDA, and 21% in profit after tax.
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