Top Conviction Ideas : Buy DOMS Industries Ltd for Target Rs. 2,820 - Axis Securities Ltd
* The company has been executing strategic initiatives over the past few years, which are expected to drive growth in the coming years. Key initiatives include:
* 1) Managing end-to-end operations to enhance efficiency while maintaining high-quality standards. The new 44-acre greenfield facility will further accelerate growth.
* 2) Expanding beyond the small pencil segment into the larger pens category, broadening the product portfolio. Additionally, entering fast-growing segments such as bags, toys, and diapers will provide an incremental growth boost.
* 3) Significant potential for distribution expansion, with DOMS currently reaching 1.45 Lc outlets. The company has scope to scale up to ~3-3.5 Lc outlets, particularly in the underpenetrated east and south markets and smaller towns in India.
* 4) The strategic partnership with FILA, enabling DOMS to expand its global footprint while leveraging FILA’s R&D capabilities, offering a long-term competitive edge.
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SEBI Registration number is INZ000161633
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