Dhabriya Polywood subsidiary bags ₹13.05 cr modular kitchen order from M3M
Dynasty Modular Furnitures lands a letter of intent for delivery over 18 months, adding to a record order book of ₹174 cr.
— 6 earlier stories on Dhabriya Polywood Ltd. →What's new
- Dynasty Modular, a wholly owned subsidiary of Dhabriya Polywood, secured a ₹13.05 cr LOI from M3M Group.
- The contract covers modular kitchen works and is scheduled for completion in 18 months.
- This order represents about 4.9% of Dhabriya's FY26 revenue of ₹264.5 cr.
Why this matters
This order comes from a top-tier real estate developer and feeds into Dhabriya's existing record order book of ₹174 cr. It validates the subsidiary's positioning in interior solutions, potentially opening doors to more business from M3M.
What we're watching
- Whether follow-on orders from M3M materialise.
- Execution pace: 18-month delivery with tranches.
- Impact on Dhabriya's 30% annual growth trajectory.
The full read
Dhabriya Polywood's wholly owned subsidiary Dynasty Modular Furnitures has secured a ₹13.05 crore letter of intent from M3M Group for modular kitchen works. The contract is to be delivered over 18 months in multiple tranches and represents about 4.9% of Dhabriya's ₹264.5 crore FY26 revenue. While the order size is modest on its own, it adds to a record order book of ₹174 crore that management says already supports 30% annual growth. More importantly, the counterparty (a top-tier real estate developer) lifts the subsidiary's profile in the interior solutions space. The open question is whether this leads to repeat business. For now, it's a steady fillip to an already strong pipeline.
Questions answered
- How big is this order relative to Dhabriya's overall business?
- The ₹13.05 cr order is about 4.9% of Dhabriya's FY26 revenue of ₹264.5 crore. While not huge, it adds to a record order book of ₹174 crore that already provides roughly two years of revenue visibility.
- Who is the counterparty M3M Group?
- M3M Group is a prominent real estate developer in India. The order is in the form of a letter of intent, but the company's reputation strengthens Dhabriya's credibility in the interior solutions segment.
- What is the timeline for this contract?
- The contract is scheduled for completion within 18 months, with work expected in multiple tranches.
- Does this change Dhabriya's growth outlook?
- It supports the existing growth narrative. Dhabriya's management has guided for 30% annual revenue growth, backed by a record order book. This order incrementally strengthens that outlook.
Dhabriya Polywood Ltd.
Latest quarter · Dec 2025
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All notes on DHABRIYA →- 22 Jun 2026 · 6:07 PM IST Dhabriya Polywood subsidiary bags ₹13.05 cr modular kitchen order from M3M
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