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Q2 consolidated revenue rose 18.6% to ₹183.1 Cr, but EBITDA fell 23.7% and PAT fell 28% on polymer cost inflation. Management calls the squeeze cyclical; margin recovery depends on raw-material prices softening.
Q2FY27 revenue ₹183.1 Cr (+18.6%), PAT ₹14.7 Cr (-28.5%); H1FY27 revenue ₹352.8 Cr (+16.2%), PAT ₹27.0 Cr (-33.8%) on raw-material cost spike.
Studds Accessories Q1 FY27 saw 13.7% revenue growth but severe margin compression due to a 65% surge in styrene-based raw material costs.
Studds reported Q1FY27 revenue growth of 13.7% YoY to ₹169.7 Cr. EBITDA margins contracted to 11.5% due to styrene-based raw material inflation and wage hikes.
Studds Accessories reported Q4 FY26 revenue growth of 11.9% and FY26 PAT of ₹82.7 Cr (up 18.7%). Strategy focuses on premiumization through the SMK brand and international expansion into Europe.
Studds Accessories Limited delivered healthy growth driven by premiumization through the SMK brand and robust export demand.
Studds Accessories reported strong FY26 performance with 8.6% revenue growth and 18.7% PAT growth, driven by premiumisation, export expansion, and high capacity utilization.