Mumbai, Aug. 10 -- Net revenue from operations rose by 13.7% year-on-year (YoY) to Rs 169.7 crore during the period under review.

EBITDA fell by 35.3% year-on-year (YoY) to Rs 19.6 crore while EBITDA margin contracted by 880 basis points YoY to 11.5% in the June'26 quarter.

The fall in margin was due to elevated styrene-based raw material prices, incremental wage costs and lag in price-pass through. Styrene-based raw material prices have started modera ng from July onwards; benefit of lower procurement costs to progressively flow through inventory, the company said.

Studds has undertaken a price hike of nearly 9% and the effective realisation for Q1 FY27 was approximately 5%, with balance benefit expected to flow through from Q2FY27 on...