Studds Accessories Approves Investments in Subsidiaries, Reports Q1 FY27 Results
Studds Accessories reported Q1 FY27 results with standalone revenue at ₹166.94 crore and profit of ₹13.25 crore. Consolidated revenue was ₹169.68 crore and profit ₹12.30 crore. The company approved investments of EUR 10,00,000 in SMK Helmets Europe SRL and USD 99,936 in Bikerz US Inc. for business expansion.
The approval of investments in subsidiaries for expansion and the reporting of quarterly financial results are material events for the company, impacting its growth strategy and financial performance.
The company reported positive financial results for the quarter and approved strategic investments in its subsidiaries to support future expansion, indicating a positive outlook.
Studds Accessories Limited announced the outcome of its Board Meeting held on August 08, 2026. The Board approved the Unaudited Financial Results (Standalone and Consolidated) for the quarter ended June 30, 2026. Additionally, the company approved further investments in its wholly-owned subsidiaries: EUR 10,00,000 (approximately ₹9.07 crore) in SMK Helmets Europe SRL and USD 99,936 (approximately ₹0.83 crore) in Bikerz US Inc. The investment in SMK Helmets Europe SRL is planned to be completed by March 31, 2027, while the investment in Bikerz US Inc. is expected by September 30, 2026.
For the quarter ended June 30, 2026, Studds Accessories reported standalone revenue from operations of ₹166.94 crore (1,669.43 million) and a profit after tax of ₹13.25 crore (132.52 million). On a consolidated basis, revenue from operations stood at ₹169.68 crore (1,696.76 million) with a profit after tax of ₹12.30 crore (122.97 million).
The Board Meeting commenced at 05:45 P.M. (IST) and concluded at 06:25 P.M. (IST).
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