Results for the Financial Year and quarter ended 31st March, 2026
STUDDS · price
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Studds Accessories Ltd reported standalone revenue from operations of Rs 6,301.85 million for FY 2025-26, up 8.2% from Rs 5,825.59 million in the previous year. Profit after tax grew 18.3% to Rs 837.53 million from Rs 707.78 million. EBITDA margin expanded from 19.8% to 21.0%, showing improved operational efficiency. Operating cash flow remained strongly positive at Rs 881.16 million. The Board recommended a dividend of Rs 3 per share (60% on face value of Rs 5). Key management changes include CFO transition (Manish Mehta stepping down, Bharat Goyal appointed from July 1, 2026) and appointment of Deloitte Haskins & Sells LLP as internal auditors. The company also introduced an ESOP scheme 2026 (up to 0.75% equity, ~297,381 options) subject to shareholder approval.
The company delivered steady double-digit PAT growth with margin expansion, indicating operational strength. The CFO transition and new internal auditor appointment appear procedural rather than concerning. Positive cash flows and dividend declaration are shareholder-friendly signals.