Forcas Studio FY26 PAT rises 58% to ₹136.4 Mn
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 company's own brand revenue grew 41% YoY, with FTX rising 37% and TRIBE scaling up 2.1x. The white labelling business contributed nearly 20% of FY26 revenue. The company expanded its quick commerce presence and warehouse capacity.
*this image is generated using AI for illustrative purposes only.
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.
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 .
Historical Stock Returns for Forcas Studio
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -4.08% | -0.24% | +1.70% | -21.24% | +6.89% | -27.46% |
What are the company's strategic plans to sustain the 2.1x growth momentum of the premium menswear brand TRIBE in the coming fiscal year?
How does Forcas Studio intend to balance the growth between its own brands and the white labelling business given the strong order book?
What is the expected impact of the recent quick commerce expansions on overall logistics costs and profit margins in FY27?
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