STUDDS Studds Accessories Q1 FY27 results (Apr–Jun 2026) and concall
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.
| Line item | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 145 | 149 | 150 | 149 | 154 +6% | 163 +9% | 168 +12% | 170 +14% |
| EBITDA | 27 | 26 | 28 | 30 | 30 +11% | 31 +19% | 31 +11% | 20 −33% |
| Net profit | 17 | 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.




