This document describes a study that developed a speech recognition system for recognizing spoken Malayalam digits. It used two wavelet-based feature extraction techniques - Discrete Wavelet Transforms (DWT) and Wavelet Packet Decomposition (WPD) - and evaluated their performance using a Naive Bayes classifier. DWT achieved 83.5% accuracy and WPD achieved 80.7% accuracy. To improve recognition accuracy, the study introduced a new technique called Discrete Wavelet Packet Decomposition (DWPD) that utilizes features from both DWT and WPD. DWPD achieved the highest accuracy of 86.2% along with the Naive Bayes classifier.