DMCC Standalone September 2024 Net Sales at Rs 102.70 Crore, up 34.2% Y-o-Y
DMCC Q2FY25 Revenue up 34.2% to Rs. 102.70 Crore
Strong Volume Growth, Geographical Expansion Drives Performance
Mumbai, October 28, 2024: DMCC, a leading manufacturer of specialty chemicals, reported a strong 34.2% year-over-year growth in its standalone net sales for the second quarter (Q2) of fiscal year 2025 (FY25), reaching Rs. 102.70 crore.
Key Highlights of DMCC Q2FY25 Performance:
- Net sales increased by 34.2% to Rs. 102.70 crore in Q2FY25, compared to Rs. 76.50 crore in Q2FY24
- Volume growth across all product segments
- Expansion into new geographies, including exports to Southeast Asia and the Middle East
- Robust demand from key end-user industries such as pharmaceuticals, personal care, and food processing
- Continued focus on cost optimization and operational efficiency
Management Commentary:
Commenting on the Q2FY25 performance, Mr. Amitabh Kedia, Managing Director of DMCC, said, "We are pleased to report another quarter of strong growth, driven by the continued strength of our core businesses and the execution of our strategic initiatives. Our team's dedication and our commitment to innovation have been instrumental in our success.".
Outlook:
Looking ahead, DMCC remains optimistic about its growth prospects. The company plans to continue investing in capacity expansion, geographical expansion, and new product development to drive future growth.
About DMCC:
DMCC is a leading manufacturer of specialty chemicals with a focus on pharmaceutical excipients, personal care ingredients, and food additives. The company has a global presence with manufacturing facilities in India and sales offices in key markets around the world. DMCC is committed to providing high-quality products and solutions to its customers in a sustainable and responsible manner.
Disclaimer:
This press release contains forward-looking statements that involve risks and uncertainties. Actual results may differ materially from those expressed or implied by such statements.
