Quick Ratios
Quarterly Results
Profit & Loss
Balance Sheet
Cash Flow
Ratios
Mkt Cap
Market Capitalization
₹58Cr
Food - Processing - Others
Rev Gr TTM
Revenue Growth TTM
7.82%
Peer Comparison
Compare up to 10 companies side by side across valuation, profitability, and growth.

DANGEE
VS
| Quarter | Mar 2023 | Jun 2023 | Sep 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Mar 2025 | Jun 2025 | Sep 2025 |
|---|
|
Growth YoY Revenue Growth YoY% | 0.7 | 5.9 | -2.6 | -8.0 | 8.1 | 3.1 | 7.2 | 10.0 | 8.5 | 4.2 | 2.0 | 15.3 |
| 6 | 4 | 5 | 5 | 6 | 5 | 6 | 6 | 5 | 5 | 6 | 7 |
Operating Profit Operating ProfitCr |
| -2.5 | 25.9 | 23.6 | 20.4 | 6.0 | 17.1 | 18.2 | 20.7 | 16.6 | 16.3 | 20.3 | 21.0 |
Other Income Other IncomeCr | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Interest Expense Interest ExpenseCr | 1 | 1 | 1 | 1 | 1 | 0 | 0 | 0 | 1 | 0 | 0 | 1 |
Depreciation DepreciationCr | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 |
| -1 | 0 | 0 | 0 | -1 | 0 | 0 | 0 | -1 | 0 | 0 | 0 |
| 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
|
Growth YoY PAT Growth YoY% | -144.0 | 105.0 | -108.0 | -100.0 | 2.2 | -1,400.0 | -1,150.0 | | 80.9 | -88.5 | 68.0 | 53.3 |
| -16.4 | 0.3 | -0.3 | 0.0 | -14.8 | -4.4 | -3.6 | 2.0 | -2.6 | -8.0 | -1.1 | 2.6 |
| 0.0 | 0.0 | 0.0 | 0.0 | -0.1 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
| Financial Year | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM |
|---|
|
| | 73.7 | 82.5 | 5.6 | -7.8 | -62.0 | 53.0 | 24.2 | -2.4 | 7.7 | 5.8 |
| 12 | 15 | 26 | 30 | 26 | 17 | 16 | 19 | 20 | 22 | 23 |
Operating Profit Operating ProfitCr |
| -4.4 | 23.8 | 28.3 | 21.3 | 26.3 | -25.9 | 20.4 | 24.4 | 19.1 | 18.2 | 18.8 |
Other Income Other IncomeCr | 0 | 0 | 0 | 1 | 2 | 3 | 3 | 1 | 1 | 1 | 1 |
Interest Expense Interest ExpenseCr | 1 | 2 | 4 | 2 | 5 | 4 | 3 | 3 | 3 | 2 | 2 |
Depreciation DepreciationCr | 2 | 3 | 6 | 5 | 9 | 8 | 6 | 5 | 5 | 5 | 5 |
| -3 | 0 | 1 | 2 | -3 | -12 | -2 | -1 | -1 | -1 | -1 |
| 0 | 0 | -1 | -1 | 0 | -2 | -1 | 0 | 0 | 0 | 0 |
|
| | 112.6 | 233.4 | 57.9 | -195.3 | -390.5 | 88.0 | 47.7 | -40.0 | 40.7 | 2.2 |
| -28.4 | 2.0 | 3.8 | 5.6 | -5.8 | -74.8 | -5.8 | -2.5 | -3.5 | -1.9 | -1.8 |
| -320.8 | 2.9 | 2.1 | 0.2 | -0.1 | -0.7 | 0.0 | 0.0 | -0.1 | 0.0 | 0.0 |
| Financial Year | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 |
|---|
Equity Capital Equity CapitalCr | 1 | 1 | 8 | 10 | 10 | 10 | 10 | 15 | 15 | 15 | 15 |
| -6 | -6 | 5 | 24 | 19 | 9 | 7 | 2 | 1 | 0 | 0 |
Current Liabilities Current LiabilitiesCr | 5 | 6 | 11 | 9 | 13 | 11 | 11 | 13 | 12 | 7 | 9 |
Non Current Liabilities Non Current LiabilitiesCr | 19 | 28 | 21 | 10 | 36 | 26 | 19 | 16 | 11 | 14 | 13 |
Total Liabilities Total LiabilitiesCr |
Current Assets Current AssetsCr | 5 | 5 | 9 | 13 | 10 | 5 | 3 | 3 | 3 | 3 | 4 |
Non Current Assets Non Current AssetsCr | 13 | 24 | 35 | 41 | 68 | 51 | 45 | 42 | 37 | 34 | 33 |
Total Assets Total AssetsCr |
| Financial Year | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|
Operating Cash Flow Operating Cash FlowCr | 1 | 3 | -2 | 7 | 8 | 2 | 7 | 6 | 6 | 5 |
Investing Cash Flow Investing Cash FlowCr | -11 | -13 | -9 | -11 | -1 | 1 | 0 | 1 | 4 | 6 |
Financing Cash Flow Financing Cash FlowCr | 9 | 8 | 12 | 5 | -9 | -3 | -8 | -7 | -10 | -11 |
|
Free Cash Flow Free Cash FlowCr | -10 | -10 | -11 | 0 | 3 | 2 | 7 | 5 | 7 | 4 |
| -16.2 | 765.6 | -155.4 | 306.4 | -388.6 | -21.9 | -610.3 | -921.0 | -644.2 | -919.1 |
CFO To EBITDA CFO To EBITDA% | -104.4 | 66.0 | -20.6 | 80.5 | 85.6 | -63.1 | 175.0 | 92.8 | 119.1 | 97.9 |
| Financial Year | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|
Valuation Ratios Valuation Ratios |
Market Cap Market CapitalizationCr | 0 | 0 | 0 | 1,899 | 1,180 | 1,329 | 3,282 | 221 | 125 | 77 |
Price To Earnings Price To Earnings | 0.0 | 0.0 | 0.0 | 88.5 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
Price To Sales Price To Sales | 0.0 | 0.0 | 0.0 | 49.6 | 33.4 | 98.9 | 159.6 | 8.7 | 5.0 | 2.9 |
Price To Book Price To Book | 0.0 | 0.0 | 0.0 | 5.5 | 4.1 | 7.0 | 18.5 | 12.9 | 7.6 | 4.8 |
| -32.8 | 5.8 | 2.4 | 233.7 | 128.4 | -391.6 | 789.2 | 39.5 | 30.4 | 19.4 |
Profitability Ratios Profitability Ratios |
| 57.5 | 67.2 | 70.7 | 69.5 | 68.0 | 46.5 | 65.2 | 66.2 | 65.7 | 65.8 |
| -4.4 | 23.8 | 28.3 | 21.3 | 26.3 | -25.9 | 20.4 | 24.4 | 19.1 | 18.2 |
| -28.4 | 2.0 | 3.8 | 5.6 | -5.8 | -74.8 | -5.8 | -2.5 | -3.5 | -1.9 |
| -18.7 | 10.1 | 12.0 | 7.8 | 4.9 | -15.3 | 2.0 | 4.9 | 3.5 | 2.7 |
| 54.5 | -7.3 | 10.7 | 6.2 | -7.1 | -53.0 | -6.8 | -3.7 | -5.4 | -3.3 |
| -18.7 | 1.4 | 3.0 | 4.0 | -2.6 | -18.0 | -2.5 | -1.4 | -2.2 | -1.4 |
Operational Ratios Operational Ratios |
Solvency Ratios Solvency Ratios |
Liquidity Ratios Liquidity Ratios |
### **Overview**
Dangee Dums Ltd, founded on **August 13, 2010**, in Gujarat, began as a boutique premium chocolate and confectionery store. Over time, it successfully transitioned into a leading bakery brand, renowned for offering high-quality cakes and pastries at accessible price points. Known for pioneering value-for-quality offerings—such as half-kilogram cakes under ₹399—the brand disrupted the local market and established strong consumer loyalty, particularly in Ahmedabad.
The company operates under a **master brand strategy** with multiple store formats and maintains **full control over its end-to-end supply chain**, including in-house manufacturing, proprietary retail outlets, and direct logistics management.
---
### **Business Model & Operations**
#### **Operator Model Transition**
- As of **FY 2022–23**, Dangee Dums transitioned from **Company-Owned Company-Operated (COCO)** employee-run stores to an **entrepreneur-led Operator Model**.
- Under this model, third-party operators manage stores through performance-based agreements, reducing recruitment costs, increasing operational agility, and fostering local marketing innovation.
- The model has shown strong results in revenue growth and efficiency and is being expanded in future financial years.
#### **Store Network (as of Sep 2025)**
- **47 COCO stores** across Gujarat:
- **Ahmedabad**: Majority of network
- **Baroda**: 5 stores
- **Anand**: 2 stores
- **Nadiad**: 1 store
- **Gandhinagar**: 1 store
- Three primary store formats:
1. **Regular Cakery Stores** (~300 sq ft)
2. **Dangee Dums Gourmet** (upgraded larger format for enhanced product visibility)
3. **Dangee Dums Yums** (1,200+ sq ft dessert cafés)
4. **Store-in-Store (SIS)** formats in partnership with retail chains like Magson.
- Over **18 stores upgraded** to gourmet format since 2022; franchise model actively scaling.
---
### **Consumer Products Group (CPG) – Packaged Goods Division**
The CPG vertical focuses on producing and distributing packaged bakery and dessert items for retail, including:
- Chocolates
- Cookies & Khari
- Ice creams (core focus area)
- Cream rolls
- Savory snacks (Puffs, sandwiches)
#### **Recent Launches & Enhancements (2023–2025):**
- **Signature Ice-Cream Range**: Launched in **two innovative packaging formats** to encourage new consumption occasions.
- **Family Pack Relaunch**: Updated with **new flavors** and **modern, consumer-friendly packaging**.
- Expansion into **savory ready-to-eat products**:
- **Veg Puff (₹15), Jain Puff (₹15), Paneer Puff (₹25)** introduced in FY 2022–23 and gained high popularity.
- **Sandwiches** rolled out across all outlets due to strong demand, especially from students.
- Product portfolio designed for **convenience, affordability, and aesthetic appeal**, supporting wider market reach.
---
### **Manufacturing & Supply Chain Excellence**
#### **Piplaj Manufacturing Facility**
- A **25,000-square-foot, state-of-the-art facility** located in Piplaj, Gujarat.
- Designed for **speed, hygiene, and operational efficiency**, minimizing time from production to delivery.
- Adheres to **strict quality control protocols**, including:
- Product freshness assurance
- Secure, tamper-proof packaging
- Full traceability systems
- Compliance with food safety standards
#### **Distribution & Logistics**
- Own **fleet of GPS-enabled, refrigerated delivery vans** ensures temperature-controlled transportation.
- Real-time tracking guarantees timely delivery and consistency in product quality.
- Strong presence across **online delivery and e-commerce platforms**:
- **Third-party platforms**: Swiggy, Zomato, BigBasket, Amazon, Flipkart
- **Direct-to-consumer channels**: Company website, mobile app, and **"Order on WhatsApp"** feature
- Exploring **cloud kitchen models** to aggregate and fulfill demand from third-party platforms.
---
### **Growth Strategy & Key Initiatives**
Dangee Dums’ growth is anchored on **three core pillars**:
1. **Innovation** – Continuous product development and format diversification
2. **Quality Enhancement** – Investment in production infrastructure and compliance
3. **Customer-Centricity** – Enhanced digital engagement and user experience
#### **Strategic Moves:**
- **Portfolio Diversification**: Introduced bread, savory snacks, and dessert-focused packaged goods to capture new customer segments.
- **Digital Transformation**:
- Developed proprietary **CRM system** with a **"Voice of Customer" feedback program**
- Invested in owned digital platforms (website, app) while maintaining presence on third-party platforms
- **Franchise Expansion**:
- Launched **FOFO (Franchisee Owned, Franchisee Operated)** and **FOCO (Franchisee Owned, Company Operated)** models
- Signed first franchisee (Ayan Enterprise, Gota) in 2022; scaling selectively to maintain brand integrity
- **Distribution Growth**:
- Actively pursuing expansion into **General Trade (GT)** and **Modern Trade (MT)** retail channels
- Signed **MoU with Magson Retail & Distribution Pvt. Ltd.** for supply of frozen goods, beverages, party items
---
### **Market Position & Competitive Edge**
- **Strong brand recognition across Gujarat**, especially in urban centers.
- Reputation for **affordable premium quality** in western desserts.
- **Differentiated through vertical integration**: manufacturing, distribution, retail, and digital—all under a single umbrella.
- Agile response to competition and market dynamics, supported by data-driven decision-making.