Studds Accessories Limited has informed the Exchange about Transcript of the Earnings Conference Call for Analysts/ Investors held on May 25, 2026, in connection with the Audited Standalone and Consolidated Financial Results of the Company for the quarter and year ended on March 31, 2026.
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Studds Accessories reported strong FY26 results with revenue of INR 634.2 crores (up 8.6% YoY) and PAT of INR 82.7 crores (up 18.7% YoY). Q4 FY26 revenue was INR 167.5 crores with EBITDA margin at 18.7%. The company highlighted structural transformation with SMK (premium brand) growing at 52% CAGR and private labels at 22% CAGR. Management guided for FY27 revenue growth of 17%-18% while maintaining EBITDA margins at broadly similar levels. Key developments include: 8%-9% price hike from April 1, 2026 to offset raw material costs; capacity expansion to 12 million units (33% increase) by mid-2027; new Italy subsidiary for warehousing/distribution (operations start mid-Q2 FY27); Decathlon supplies commencing July 2026; and Bharat Goyal appointed as CFO from July 1, 2026. Exports now form 20% of revenue, targeted to reach 30% in 2-3 years.
The premiumization strategy and export expansion are driving ASP growth and margin improvement. Management expects margin pressure in Q1 FY27 due to raw material costs but sees better margins ahead as input prices normalise and premium mix improves.