Press Release on Financial Results for the financial Year 2025-26
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Recode Studios delivered exceptional FY26 results with revenue surging 67% YoY to ₹79.95 crore, driven by strong brand acceptance and expanded distribution reach. EBITDA nearly tripled to ₹16.54 crore (up 170%), while PAT more than tripled to ₹11.21 crore (up 260%). Margins expanded significantly with EBITDA margin at 20.69% (up 786 BPS) and PAT margin at 14.02% (up 751 BPS). The company cited improved operating leverage, better business mix, and deeper market penetration as key drivers. Management confirmed strategic deployment of IPO proceeds toward working capital, market expansion, and retail footprint growth. Management guided confidence in delivering 50%+ growth in FY27 backed by strong demand, expanding distribution network, and upcoming warehousing infrastructure in Ludhiana.
Strong margin expansion and 50%+ growth guidance signal confidence in sustained profitability. Shareholders should note the significant improvement in operational efficiency and the company's asset-light model's ability to scale earnings faster than revenue.