Dorby Achieves Financial Performance Growth Of 20% In Fy23-24

Dorby– India’s Leading Surface Décor Brand in the segment for laminates, has achieved a remarkable financial growth of 20% for the fiscal year 2023-2024. High demand from cities such as Mumbai, Surat, Ayodhya, Noida, and Gurgaon significantly contributed to this increase in revenue. The company’s focus on innovation and quality resonated well with customers, driving higher sales across various segments. Additionally, the B2B segment continued to perform robustly, with an increase in sales driven by strong demand from sectors such as real estate, furniture makers, and OEMs along with government and institutional projects.

Taking note of the financial growth of FY23-24, Mehul Agarwal, Director and Chief Executive Officer (CEO), Dorby stated, "This year, we have surpassed our sales expectations due to our dedication to delivering superior quality and our awareness of evolving consumer preferences. Dorby’s financial performance for FY23-24 marks a significant milestone for the company. We saw an impressive growth, driven by our promise to bring the latest international trends to the Indian market coupled with the rising interest seen from the B2C segment. Our focus on expanding our footprint through strategic 100+ distributors and 450 direct dealers’ partnerships, and enhancing supply chain efficiency has been instrumental in achieving these remarkable results. Further, we have invested significantly in understanding and adapting to the diverse preferences of our consumers across different regions and sectors, which has enabled us to strategize our business expansion as well as deliver customized solutions that resonate well with the market.”

Looking ahead, Dorby has ambitious plans to further expand its market presence and product offerings. The company further aims to strengthen its foothold in the B2C segment by launching new experience centers in major cities, including Mumbai and Delhi. These centers will showcase Dorby’s latest designs and innovations, providing customers with an immersive experience. Furthermore, the launch of the Dorby Business App for carpenter community has made the partnership stronger and similar application to be launched for the distributor/dealer will make product delivery more seamless for channel partners, employees and distributor networks. With these strategic initiatives, Dorby expects to continue its upward trajectory and set new benchmarks in the industry.