Dorby Achieves 20% Annual Growth In FY24

Mumbai, June 25, 2024:  Surface Décor Brand in the segment for laminates, Dorby, has achieved a 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, mentions a press release issued by the company. 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.”