SUMMARY
- DCGpac’s revenue from operations experienced a growth of 21.4% to Rs 96.5 crore in FY24.
- Its total expenses grew to Rs 80.4 crore in FY24 from Rs 79.5 crore in FY23.
- It recorded net profits of Rs 19 lakh from a loss of Rs 1.67 crore in FY23.
B2B packaging solutions platform DCGpac’s revenue from operations experienced a growth of 21.4% to Rs 96.5 crore in FY24, up from Rs 79.5 crore in FY23, according to its consolidated financial documents from the Registrar of Companies (RoC).
DCGpac, a supplier of packaging materials, offers a variety of products and services, such as corrugated boxes, courier bags, bubble films, designer boxes, and “Design to Distribution” solutions.
The packaging materials sector is the primary revenue generator for DCGpac. The company’s website reports that it serves over 50,000 clients, including Blinkit, Shiprocket, Delhivery, Myntra, DHL, Shadowfax, among others.
Like other packaging solutions platforms, the cost of materials made up 83.17% of DCGpac’s total expenses, increasing to Rs 80.4 crore in FY24 from the previous year’s total expenditure of Rs 79.5 crore. The expenses for employee benefits rose to Rs 8 crore over the last fiscal year.
Other operational costs, like advertising, warehousing, packing, information technology, printing, and various expenses, drove up the total expenses to 17.9% more in FY24 than Rs 82 crore in FY23.
The Gurugram-based company managed to turn a profit in FY24, recording net profits of Rs 19 lakh from a loss of Rs 1.67 crore in FY23. The company’s ROCE and EBITDA margins were 3.34% and 1.19%, respectively. It spent Rs 1 to generate Rs 1 of operating revenue in FY24 on a unit level.
To date, DCGpac has secured a total funding of Rs 20 crore, including a pre-Series Seed funding round of $1.5 million in April 2022, led by Venture Catalysts, 9Unicorns, and Inflection Point Ventures.
