Synopsis:
Dhabriya Polywood jumped sharply after its Q2FY26 net profit almost doubled YoY to Rs 7.6 crore from Rs 4 crore, mainly due to the strong growth of the Modular Furniture and Plastic Products segments. Revenue grew 15% YoY to Rs 67 crore, thus recording steady recovery of the demand.
The shares of this leading manufacturer and seller of Plastic products and Modular Furniture are in focus after it reported a stellar financial performance in this quarter.
With a market capitalization of Rs 441 crore, the shares of Dhabriya Polywood Ltd reached a day’s high of Rs 418 per share, up 6 percent from its previous day’s closing price of Rs 393.20 per share.
Over the past five years, the stock has delivered a multibagger return of 1,267 percent, outperforming NIFTY 50’s return of 100 percent. As of September 2025, Ashish Kacholia holds a 5.79 percent stake in the company.
Q2 Highlights
Dhabriya Polywood reported a core revenue of Rs 67 crore in Q2 FY26, a growth of 15 percent as compared to Rs 58 crore in Q2 FY25. Additionally, on a quarter-on-quarter basis, it grew by 8 percent from Rs 62 crore.
On the expenses front, it reported total expenses of Rs 57 crore in Q2 FY26, a growth of 10 percent as compared to Rs 52 crore in Q2 FY25. Additionally, on a quarter-on-quarter basis, it grew by 7.5 percent from Rs 53 crore.
Regarding its profitability, it reported a net profit of Rs 7.6 crore in Q2 FY26, a staggering growth of 82 percent as compared to Rs 4 crore in Q2 FY25. Additionally, on a quarter-on-quarter basis, it reported a growth of 16 percent from Rs 6.54 crore.
Coming to its segmental highlights, the Plastic Products segment in Q2FY26 recorded revenue of Rs 54.80 crore as against Rs 50.35 crore in Q2FY25, thereby reflecting a 9 percent YoY increase. The Modular Furniture segment disclosed revenue of Rs 12.52 crore as compared to Rs 7.94 crore in the corresponding period of the previous year, thus indicating a robust 58 percent YoY growth.
Dhabriya Polywood Ltd. is a leading manufacturer of uPVC and PVC products for interiors and exteriors. Born in 1992, the company under the brand POLYWOOD offers a comprehensive product line of uPVC doors and windows, wall panels, flooring, PVC marble sheets, and garden fencing. Having more than 30 years of experience, five manufacturing units, and a presence across the country, it got listed on the BSE-SME platform in 2014.
The company is committed to innovation and environmentally friendly solutions that support the “Save Trees” campaign by providing quality wood substitutes. Supported by an in-house R&D team, state-of-the-art printing and lamination machines, and an annual capacity of 10,000 metric tons, it has successfully executed 4,000+ projects with 200+ designs and shades all over India.
Written by Satyajeet Mukherjee
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