Dhabriya Polywood Q1 Results: Net profit rises 35% YoY to ₹885.81 lakh
Dhabriya Polywood Limited posted a 35% YoY rise in consolidated net profit to ₹885.81 lakh for Q1FY26, driven by a 20% surge in its plastic products segment revenue. Standalone profit grew 31% to ₹303.58 lakh. The modular furniture segment declined, but overall group revenue rose 10% to ₹6,831.44 lakh.

*this image is generated using AI for illustrative purposes only.
Dhabriya Polywood Limited reported a consolidated net profit of ₹885.81 lakh for the quarter ended June 30, 2026, marking a 35% year-on-year increase from ₹654.02 lakh in Q1FY25. The growth was driven by a 10% rise in revenue from operations to ₹6,831.44 lakh, reflecting robust demand in its core plastic products segment. This performance signals sustained operational momentum as the company enters FY26.
The Board of Directors approved the unaudited standalone and consolidated financial results on August 12, 2026, pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The results were reviewed by the Audit Committee and subsequently approved by the Board. Additionally, the Board approved the draft Director’s Report and notice for the 34th Annual General Meeting, with the date to be communicated in due course.
Consolidated Financial Performance
Consolidated revenue from operations stood at ₹6,831.44 lakh, up from ₹6,209.07 lakh in Q1FY25. Other income remained stable at ₹12.86 lakh compared to ₹13.58 lakh previously. Total expenses increased to ₹5,654.67 lakh from ₹5,338.18 lakh, primarily due to higher cost of materials consumed (₹3,236.89 lakh vs ₹3,054.80 lakh) and employee benefits expenses (₹1,095.70 lakh vs ₹949.69 lakh). Finance costs rose marginally to ₹142.84 lakh from ₹137.49 lakh.
| Particulars | Q1FY26 (₹ Lakh) | Q1FY25 (₹ Lakh) | Change |
|---|---|---|---|
| Revenue from Operations | 6,831.44 | 6,209.07 | 10% |
| Total Expenses | 5,654.67 | 5,338.18 | 6% |
| Profit Before Tax | 1,189.63 | 884.47 | 35% |
| Net Profit After Tax | 885.81 | 654.02 | 35% |
Standalone net profit rose 31% YoY to ₹303.58 lakh from ₹231.62 lakh. Standalone revenue from operations grew 9% to ₹3,757.24 lakh from ₹3,442.37 lakh. Basic earnings per share (EPS) for the quarter stood at ₹8.18, up from ₹6.04 in the previous year.
Segment Analysis
The Plastic Products segment, which includes manufacturing and sales of uPVC/PVC profiles, sheets, mouldings, windows, and doors, generated ₹6,107.02 lakh in segment revenue, a 20% increase from ₹5,088.65 lakh. Segment profit for this division surged 37% to ₹1,247.73 lakh from ₹912.13 lakh. In contrast, the Modular Furniture segment saw revenue decline 36% to ₹741.35 lakh from ₹1,153.65 lakh, with segment profit dropping to ₹83.62 lakh from ₹105.56 lakh.
What the Numbers Show
The divergence between the two segments highlights Dhabriya Polywood’s reliance on its core plastic products business. While the modular furniture unit contracted significantly, the plastic products segment more than compensated with double-digit growth in both revenue and profitability. The company’s total assets expanded to ₹26,893.06 lakh from ₹19,802.69 lakh year-on-year, indicating continued investment in capacity or working capital to support the high-growth plastic products line.
Narendra Sharma & Co., Chartered Accountants, conducted the limited review of the financial statements in accordance with Standard on Review Engagements (SRE) 2410. The auditors noted that nothing came to their attention to cause them to believe the statements contained material misstatements. The company reported no investor complaints pending as of June 30, 2026.
Historical Stock Returns for Dhabriya Polywood
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +2.85% | -0.55% | 0.0% | 0.0% | 0.0% | 0.0% |
How does Dhabriya Polywood plan to address the 36% revenue decline in its Modular Furniture segment, and will the company consider strategic divestment or restructuring of this unit?
Given the 10% rise in material costs, what hedging strategies or supply chain adjustments is the company implementing to protect margins against future raw material price volatility?
With total assets expanding by over ₹7,000 lakh year-on-year, how is the company financing this growth, and what is the expected impact on debt-to-equity ratios and interest coverage in FY26?


































