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Studds Accessories Q1 FY27 results (Apr–Jun 2026) and concall

Automobile and Auto Components · Concall AI · Call held 10 Aug 2026

Studds Accessories Limited reported a healthy 13.7% YoY revenue growth in Q1 FY27, reaching INR 169.7 crores. However, profitability was significantly impacted by a sharp 65% surge in styrene-based raw material prices and a 35% increase in minimum wages, leading to an EBITDA margin of 11.5%. Management expects margins to recover to 14-15% in Q2 FY27 and 18-20% by Q4 FY27, driven by full price pass-through and moderating raw material costs. The company is also progressing with capacity expansion, international market entry via Italy, and new product launches.

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What they filed

Q1 FY27: revenue up 14.1%, net profit down 40.0% against the same quarter last year.

₹ Cr · quarterly
Line itemQ2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26Q3 FY26Q4 FY26Q1 FY27
Revenue145 149 150 149 154 +6%163 +9%168 +12%170 +14%
EBITDA27 26 28 30 30 +11%31 +19%31 +11%20 −33%
Net profit17 16 20 20 21 +24%21 +31%21 +5%12 −40%
How to read this

₹ crore, as filed. The percentage beside a figure is the change against the same quarter a year earlier — never the quarter before, which would make every seasonal business look like it collapses and booms each year.

Inve summary of a publicly available earnings call transcript; see how call summaries are prepared. Not investment advice.