Forcas Studio FY26 PAT rises 58% to ₹136.4 Mn

2 min read Updated on 30 May 2026, 11:01 PM

Reviewed by

Riya DScanX News Team

AI Summary

Forcas Studio Limited reported a 58% YoY increase in Profit After Tax to ₹136.4 Mn for FY26, driven by a 39% rise in revenue to ₹1,976.5 Mn. The Board approved the audited financial results, and Statutory Auditors issued an unmodified opinion. Operational highlights include a 41% YoY growth in own brand revenue, with TRIBE scaling up 2.1x. Management outlined a strategic focus on Quick Commerce expansion and the launch of new brands, targeting 25% to 30% annual growth in FY27.

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Forcas Studio Limited reported a 58% year-on-year increase in Profit After Tax to ₹136.4 Mn for FY26, driven by a 39% rise in revenue to ₹1,976.5 Mn and robust operational efficiencies. The Board of Directors approved the audited financial results for the half and financial year ended March 31, 2026, on May 23, 2026. Statutory Auditors M/s. Agarwal Khetan & Co issued an unmodified opinion on the results. Additionally, the Board appointed Mrs. Neha Agarwal as an Additional Director designated as an Independent Director effective May 23, 2026, subject to shareholder approval.

The company's own brand revenue, comprising FTX and TRIBE, grew 41% YoY in FY26. The flagship brand FTX grew 37% YoY, while the premium menswear brand TRIBE scaled up 2.1x during the year. The white labelling business contributed nearly 20% of FY26 revenue, with a strong order book of ₹178 Mn as of FY26 end. Forcas Studio also expanded its presence in the quick commerce ecosystem by adding three new platforms.

Financial Highlights – H2 & FY26

Particulars	H2FY26	H2FY25	YoY%	FY26	FY25	YoY%
Revenue from Operations	1,139.7	866.6	31.5%	1,976.5	1,422.4	39.0%
EBITDA (Ex. Other Income)	121.5	82.8	46.8%	210.2	134.3	56.5%
EBITDA Margin (%)	10.7%	9.6%	+111 bps	10.6%	9.4%	+120 bps
Profit After Tax	79.2	57.2	38.4%	136.4	86.3	58.0%
Profit After Tax Margin (%)	6.9%	6.6%	+35 bps	6.9%	6.1%	+83 bps

Operational Updates

Revenue through the distributors channel stood at ₹496 Mn in H2FY26, a 38% YoY growth, while FY26 distributor-led revenue increased to ₹751 Mn, reflecting a 54% YoY growth. Online sales revenue for FY26 stood at ₹801 Mn, registering a 37% YoY growth. The company expanded its warehouse facility in Kolkata to 60,000 sq. ft., increased serviceable pin codes to 21,000+, and expanded retail reach to 18,000+ retailers.

Strategic Outlook

Management stated that FY27 will focus on expansion and category creation, targeting 25% to 30% annual growth. The company plans to expand its Quick Commerce presence, currently live on Zepto and Myntra M-Now, with Flipkart Minutes expected soon. The premium brand TRIBE, which grew 3.5x in FY26, will be expanded into men and women premium bottoms. Additionally, the company is launching Fitness Exchange as a separate brand focusing on athleisure and sports-inspired fashion in the semi-premium segment.

Conference Call Details

Date	Time	Event	Format	Mode
Monday, 25 May, 2026	12:00 pm	H2 & FY26 Post Earnings Conference Call	Group	Virtual

Participants can register for the event through the dedicated link provided by the company. The registration link is available at https://events.kaptify.in/FSL-H2-FY26-Concall . Alternatively, attendees can join using the Zoom Meeting ID 817 5679 3491 with the passcode 504405.

Pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the company has provided the recording link for the H2 & FY26 Post Earnings Investor Conference Call. The recording is available at https://youtu.be/qzXJ37f-_S4 .

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