Dhabriya Polywood announced that its wholly owned subsidiary, Dynasty Modular Furnitures Pvt. Ltd., has secured a significant work order worth ₹13.05 crore (inclusive of GST) from M3M Group for the execution of modular kitchen works. According to the company's regulatory filing, the project is scheduled to be completed over a period of 18 months and will be executed in multiple tranches in accordance with the contract terms. The order has been awarded by a domestic entity and does not involve any promoter interest or related-party transaction, as confirmed by the company's disclosure under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. As per the latest reports, the company has received a Letter of Intent (LoI) from M3M Group for this substantial order.
On the financial front, Dhabriya Polywood's consolidated net profit increased 54.93% to ₹8.32 crore in the quarter ended March 2026, compared with ₹5.37 crore in the corresponding quarter of the previous year. During the quarter, sales rose 9.88% to ₹69.74 crore from ₹63.47 crore reported in the quarter ended March 2025. As reported by Business Standard, the counter rose 0.07% to ₹403.70 on the BSE following the announcement.
Dhabriya Polywood Limited shares are trading at ₹409.45 on the stock exchange, up by 1.50% during the session. The stock has gained 10.29% over the last five trading sessions and 8.07% over the last month. The company has a total market capitalization of approximately ₹440.55 crore. The stock touched a 52-week high of ₹490 and a 52-week low of ₹280. The latest order strengthens the company's order book and reinforces its position in India's growing modular furniture and interior solutions market. For investors, the order enhances revenue visibility over the next one and a half years while demonstrating the company's ability to secure projects from leading real estate developers.
The contract with M3M Group, one of India's leading real estate developers with strong presence in luxury residential and commercial projects, particularly in the National Capital Region (NCR), enhances the subsidiary's credentials and could create opportunities for additional contracts in upcoming residential developments. Dhabriya Polywood, incorporated in 1995, is engaged in manufacturing and sale of uPVC windows and doors, modular furniture, modular kitchens, and plastic products, catering to residential, commercial, hospitality, and institutional projects through its integrated manufacturing facilities. The latest order strengthens the company's presence in India's premium residential and real estate interiors market, supported by rising demand for modular kitchens and customized interior solutions. India's modular furniture industry continues to witness strong growth, driven by increasing disposable incomes, rapid urbanization, organized housing developments, and growing demand for space-efficient and customized interior solutions.
