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Companies›Fast Moving Consumer Goods›Fast Moving Consumer Goods›Personal Products

RECODE STUDIOS LIMITED

Fast Moving Consumer Goods › Personal Products
₹425.00
at close · 8 Oct 2026
▼ 0.05 (-0.01%)

Latest filings

  1. Recode Studios appoints Garima Bansal as CMO and Senior Management Personnel · Management Changes
  2. AGM voting results: All 7 resolutions passed with 100% approval · Board & Shareholder Meetings
  3. All 6 resolutions passed with 100% approval at 5th AGM · Board & Shareholder Meetings
All filings ↓
Ask Nexa about RECODE STUDIOS LIMITED

Snapshot

What the business is, and whether it's a good one at a fair price.

AI · written from filings

Sells affordable beauty, cosmetics, personal care and accessory products through an omni-channel mix spanning its own website, third-party marketplaces (Amazon, Nykaa, Flipkart, Myntra) and physical retail. The franchise store model has been wound down in favour of dark stores operated by third-party partners (Jabalpur, Hyderabad and Chennai live, Bhubaneswar and Ranchi in the pipeline), alongside modern trade entry via its first kiosk at Omaxe Mall in New Delhi. FY26 revenue was ₹79.95 crore, with marketing and influencer-led discovery at 20% of revenue as the largest discretionary line; employee cost was 8.5% and other operating expenses 32.6% of revenue. Quick commerce is being added via the company's own delivery rather than third-party platforms (Blinkit, Zepto, Swiggy), and a new Ludhiana warehouse is due by April 2027. An acquisition of up to 51% in premium beauty brand Aflairza Professionals (Phase I: 33% for ₹8.32 crore) adds Korean-formulation cosmetics to the catalogue.

Operating scale
SKUs
~350 across beauty, cosmetics, personal care, accessoriesFY26
Retail stores
22 stores (3 COCO + 19 FOFO)FY26
Warehouses
6, plus Ludhiana warehouse due April 2027FY26
Online mix
~44% of revenue; ~70% of online from own websiteFY26
EBITDA margin
~20.69%FY26
Dark-store locations
Jabalpur, Hyderabad, Chennai live; Bhubaneswar, Ranchi pipelineFY26
Who pays it
Indian mass-market consumers buying affordable beauty and personal care through D2C, marketplaces and physical stores.
Biggest cost
Marketing and influencer-led discovery at ~20% of FY26 revenue; other operating expenses at ~32.6%.
Kind of business
Asset-light, omni-channel affordable beauty and personal care brand.
Where it sits
Small-cap BSE-listed personal care company with FY26 revenue of ₹79.95 crore, operating in India's affordable beauty segment.
Market Cap
₹346 Cr
P / E (TTM)
—
EV / EBITDA
—
Div Yield
—
Growth
—·
Revenue 5y CAGR
PAT — · EBITDA —
Quality
73.1%▲
ROCE (FY26)
ROE — · margin —
Leverage
—·
Debt / Equity · borrowings not filed
Moves on a normal day
2.73%·
Median daily move
Last 102 sessions · the yardstick for filing-day moves
Where it sits among 15 Personal Care peersBar = share of peers beaten · tick = industry median · latest reported figures
P/E (TTM)#11/15
ROCE#4/16

Scorecard

Measured from the filed financials, judged against its Personal Care peers · as of FY26 — not investment advice

Strengths
Returns on capital 73.1%
#4 of 16 in Personal Care on the latest reported figures
Concerns
Nothing flagged in the filed numbers.

Charts

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Price

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Peers

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Financials

Quarterly & annual P&L, balance sheet, cash flow, ratios and segments.

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Ownership

Who owns it — and is the promoter stake clean?

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Common questions

Answered from RECODE STUDIOS LIMITED's filed financials and exchange disclosures

What does RECODE STUDIOS LIMITED do?

RECODE STUDIOS LIMITED is a Personal Products company listed on BSE.

How much does the RECODE STUDIOS LIMITED share price move in a day?

On a typical session RECODE STUDIOS LIMITED moves 2.73% — that is the median absolute close-to-close move across its last 102 trading days. MarketPing measures each filing's price reaction against it.

Where can I track RECODE STUDIOS LIMITED's announcements?

Every NSE and BSE filing by RECODE STUDIOS LIMITED appears on this page, AI-summarised, alongside the price reaction that followed it. Follow the company to get each new filing on WhatsApp within minutes.

Figures are as last reported and may lag the latest filing. Not investment advice.