Studds Accessories Ltd — earnings calls

STUDDS Accessories reported Q1 FY27 revenue of Rs 169.7 crores, up 13.7% year-on-year, with EBITDA margin at 11.5% and PAT margin at 7.2%, impacted by a sharp rise in styrene-based raw material prices. Management said a roughly 65% increase in styrene prices during the quarter compressed margins by about 600 basis points, while price hikes taken so far had only reached about 5% realization. The company also described progress on new capacity, the Decathlon partnership, Italian operations, and new product launches including Bluetooth communication systems and riding jackets.

Studds Accessories reported Q4 FY26 consolidated revenue of INR 167.5 crores, up 11.9% year-on-year, with EBITDA of INR 31.3 crores and PAT of INR 21.1 crores. For full year FY26, revenue grew 8.6% to INR 634.2 crores while EBITDA grew 16.4% to INR 122.2 crores and PAT grew 18.7% to INR 82.7 crores. Management discussed capacity expansion plans, a new subsidiary in Italy, price increases of 8%-9% effective April 2026 to offset rising raw material costs, and growth in the SMK premium brand and export markets.