Dhabriya's profit grew 67% on just 12.5% more revenue.
Costs barely moved. That is the entire story of the FY26 results. Standalone profit more than doubled.
— 6 earlier stories on Dhabriya Polywood Ltd. →What's new
- Consolidated net profit jumped 67.2% to ₹30.14 crore on 12.5% revenue growth.
- Standalone net profit more than doubled, rising 85.7% to ₹14.21 crore.
- The board recommended a ₹0.70 per share dividend.
Why this matters
The gap between profit and revenue growth is massive. It points to a sharp decline in the cost base relative to sales, not just higher volumes. For a uPVC manufacturer, that suggests either raw material costs fell or pricing power improved. The clean audit opinion removes one risk from the math.
What we're watching
- Whether the cost advantage was a one-year event or a new baseline.
- If raw-material input prices for polymers turn.
- How the ₹0.70 dividend is funded from the ₹30.14 cr profit pool.
The full read
Dhabriya Polywood makes uPVC windows and doors. Its costs barely moved. Consolidated revenue rose 12.5% to ₹264.5 crore in FY26. Profit jumped 67.2% to ₹30.14 crore. That is the entire filing. The cost discipline is the headline. Standalone profit more than doubled. The board wants to return some cash, recommending a ₹0.70 per share dividend. The audit was clean. For a polymer-based manufacturer, such a wide gap between sales and profit growth in a single year is unusual. The question is what changed. Was it cheaper resin, better pricing, or both? The filing does not say.
Questions answered
- Why did profit grow so much faster than revenue?
- Consolidated revenue rose 12.5% but profit jumped 67.2%. The gap indicates costs grew far slower than sales. This is the story: a big improvement in margins on a modest top-line increase.
- How did the parent company perform versus the consolidated entity?
- Standalone net profit surged 85.7% to ₹14.21 crore. This is a faster growth rate than the consolidated 67.2%, meaning the parent's core operations drove the overall result.
- Was the dividend a new policy or a one-off?
- The filing only states the board recommended ₹0.70 per share for FY26. It provides no comparison to prior years or disclosure on a new policy.
- What does the clean audit opinion mean here?
- It confirms the statutory auditors found no material misstatements in the financials. In a year of unusual profit growth, an unmodified opinion adds credibility to the numbers.
Dhabriya Polywood Ltd.
Latest quarter · Dec 2025
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All notes on DHABRIYA →- 26 May 2026 · 2:51 PM IST Dhabriya's profit grew 67% on just 12.5% more revenue.
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