US tariff impact on exports
US tariffs introduced in September may reduce export orders; management has diverted capacity to other markets but impact is uncertain.
DOMS / Q2-FY26 / risks
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DOMS Industries · Material risks, their source context, and severity in the latest available quarter.
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Material risks this quarter
medium
GST transition disruption
GST rate reduction to 0% on ~45% of products caused temporary inventory clearance and order postponement, impacting Q2 sales by 3-4%.
Capacity constraints in core stationary
Scholastic stationary and art material growth was only ~4% YoY due to lack of capacity additions; new capacity only from Q1 FY27.
Employee cost inflation
Employee costs rose 85 bps as a percentage of sales due to advance hiring for expansion and GST disruption; operating leverage may be delayed.